Just announced this week by General Motors, regarding the warranty for Corvette and other models.
"GM remains committed to our 3 Year/36,000 or 4 Year/50,000* mile new vehicle Bumper to Bumper limited warranty, as well as our industry exclusive 5 year/100,000** mile, fully transferable powertrain limited warranty, with no fees or deductibles.
"Now, as announced on March 30, 2009, the U.S. Treasury Department is providing an important back-stop to our coverage. Specifically, the U.S. Treasury Department has introduced an innovative new program to give consumers who are considering purchasing a new GM vehicle the confidence their warranty will be protected. As announced by President Obama on March 30, the Administration is confident that GM will emerge as a stronger, more competitive company, and is committed to working with us to make this happen. This important announcement means your warranty is safe – PERIOD.
"What does the program mean for consumers?
• If you buy or lease a new GM vehicle during our restructuring period you will be eligible for the warranty protection.
• You do not have to do anything to participate in the government’s warranty back-stop program. It is automatic.
• The U.S. Treasury will work with GM to implement its program to safeguard your warranty.
*Buick, Cadillac, Hummer, Saab