GM New Vehicle Warranty Commitment Program

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

 **excludes Saab"

 

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One Response to GM New Vehicle Warranty Commitment Program

  1. Dan Silva says:

    I bought a new Vette 2009, and took ownership on 3/26/09. Does this mean that the feds don’t have me covered with a gm warranty??? If GM does go bankrupt to reorganize, my warranty is worthless???? only after 3/30/09, will the feds help?

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