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AutoBlog: New GM will take on future product liability claims, but not the current ones, against Old GM

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Filed under: Government/Legal, GM

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A consumer group representing people who currently have product liability claims against GM and Chrysler looks like it won't be getting much, if any, restitution. When GM went into bankruptcy, it still planned to deny any liability claims -- ones that came up today, for instance -- when the new GM was formed. In a reversal meant to quell resistance from that consumer groups and state officials, New GM has agreed to assume liability for future claims on products made by Old GM.

The consumer group said, "The fact that 'New GM' will protect consumers injured by defective 'Old GM' cars is a positive development for public safety." The key word in this is "future;" new GM won't be responsible for any of the currently pending claims -- those that the consumer group is really fighting over, and that will still be addressed by old GM. Also, no date was given for when the "future" begins, so there is still a fair bit of clarity left to get on this issue.

[source: Yahoo!]

New GM will take on future product liability claims, but not the current ones, against Old GM originally appeared on Autoblog on Sun, 28 Jun 2009 14:11:00 EST. Please see our terms for use of feeds.

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so any current claims are tossed so they are told to go take a long walk off a short pier...... what about those that have been injureded now and are in court with gm over it? that is not fair at all.... This is just another exampple of business saying to the consumer that GM still does not get it!!!! All claims should be taken care of and settled.... after all they are stealing my money from me..... more of a socialist takeover by Obama.... It starts with the auto industry and then the health care industry and what is next the adult movie industry? :iroc-dragster:

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What stops an existing claim from being made again after the "future" date is set? After all, it is still a claim on an "old GM" vehicle that apparently the new GM will be covering.

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This Old GM versus New GM crap is giving me a headache.

It's annoyingly complicated & in any case I'm not sure I understand either...

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