Don't think your concern is in anyway selfish. This is a sad situation to be in for our country and other countries as well. The most dangerous aspect of this situation is that it is like the proverbial snowball rolling down hill. I believe that resale will surely suffer if a manufacturer such as GM, or even the GMC brand, goes under. You also must consider that it is a SUV with very poor gas mileage compared to the cost of fuel. I think service would be affected as well because many GM dealers will be closing their doors. I do believe there are laws on the books that require a manufacturer to support a discontinued model for ten years but I don't know if the law considers the manufacturer going out of business.Twindad said:I also somewhat selfishly wonder what the impact would be on owners of GM cars in terms of resale value and servicing issues.
Yeah, unfortunately you are probably right! What's another 200B added on to the national debt. The problem is that we have been writing checks we couldn't cover for decades. :banghead: Democrats, Republicans, it didn't matter. We were all intoxicated by the so called free money. I just have one thing more to say...teetertotter said:Folks, never fear, our government will bail out the auto makers with 200B!! All will be saved!!
Chapter 11 means reorganization....etc. NOT going out of business, necessarily. Big problem is many dealershipsof all kinds are unable to survive and closing their doors. If a GMC dealer near you goes out of business, you will have to visit a Chevy dealer or vise versa for repairs?? At least we have a GMC/BUICK/PONTIAC/HONDA in Janesville......for now. Maybe the HONDA portion will keep them a float threw these hard times.ccaats said:So, if GM were to fail for Chapter 11, would our factory and/or GMPP warranties be voided? I believe the original factory warranty is protected somehow by the goverment, but I was wondering if the GMPP has the same protection? I have purchased the GMPP on our Enclave and was debating it on the Acadia as I already have 8K miles on her. Any insight into this would be appreciated.