Obama lie #482,709 and counting…
Why just 2 years ago Obama addressed the nation (must see video below) to ‘assure’ us there was absolutely, positively nothing to worry about when purchasing a GM or Chrysler vehicle — specifically service and warranties.
Will the real Johnny Rotten please stand up?
GM Decides To Blow Off Vehicle Warranties
(Reuters) General Motors Co is seeking to dismiss a lawsuit over a suspension problem on more than 400,000 Chevrolet Impalas from the 2007 and 2008 model years, saying it should not be responsible for repairs because the flaw predated its bankruptcy.
The lawsuit, filed on June 29 by Donna Trusky of Blakely, Pennsylvania, contended that her Impala suffered from faulty rear spindle rods, causing her rear tires to wear out after just 6,000 miles.
Seeking class-action status and alleging breach of warranty, the lawsuit demands that GM fix the rods, saying that it had done so on Impala police vehicles.
But in a recent filing with the U.S. District Court in Detroit, GM noted that the cars were made by its predecessor General Motors Corp, now called Motors Liquidation Co or “Old GM,” before its 2009 bankruptcy and federal bailout.
The current company, called “New GM,” said it did not assume responsibility under the reorganization to fix the Impala problem, but only to make repairs “subject to conditions and limitations” in express written warranties. In essence, the automaker said, Trusky sued the wrong entity.
“New GM’s warranty obligations for vehicles sold by Old GM are limited to the express terms and conditions in the Old GM written warranties on a going-forward basis,” wrote Benjamin Jeffers, a lawyer for GM. “New GM did not assume responsibility for Old GM’s design choices, conduct, or alleged breaches of liability under the warranty.”
Obama’s 26-second GM warranty whopper:
March 30, 2009
Obama Guarantees GM, Chrysler Warranties
(Consumer Affairs) The federal government is underwriting GM and Chrysler warranties, effective immediately. President Obama made the unprecedented announcement hours after his automotive task force demanded — and got — the head of GM CEO Rick Wagoner. Chrysler, meanwhile, said it has reached agreement on an alliance with Italian automaker Fiat.
Obama pledged to work with Congress to offer consumers tax credits if they turn in their old cars and buy new, cleaner, more fuel-efficient vehicles.
“Let me say this as plainly as I can,” Obama said in a speech today. “If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always. Your warranty will be safe. In fact, it will be safer than it has ever been. Because starting today, the United States will stand behind your warranty.”
Let him have it Johnny…[language 1:20 in]
UPDATE (08.22.2011 – Hat Tip: RW Spider): GM Could Be Tax-Free For Years
(WSJ) General Motors Co. will drive away from its U.S.-government-financed restructuring with a final gift in its trunk: a tax break that could be worth as much as $45 billion.
GM, which plans to begin promoting its relisting on the stock exchange to investors this week, wiped out billions of dollars in debt, laid off thousands of employees and jettisoned money-losing brands during its U.S.-funded reorganization last year.
Now it turns out, according to documents filed with federal regulators, the revamping left the car maker with another boost as it prepares to return to the stock market. It won’t have to pay $45.4 billion in taxes on future profits.
Taxpayer funded Communist supporting GM pushes for higher gas tax: HERE
GM spend $4 million in 3 months on lobbyists: HERE
GM covers ladyboy transgender surgeries: HERE
Bankrupt GM and Chrysler give managers big bonuses – up to 50% – after taxpayer funded bailouts: HERE
Cash For Clunkers II – ‘Charging America Forward’: HERE
Wow! 281 Chevy Volts sold just last month – thank you Mr. Obama!: HERE
Obama administration bought 1-in-4 GM hybrids sold: HERE
Taxpayers – $7,500 on the hook for every Chevy Volt sold: HERE
GM recalls 154,000 Chevys: HERE
Mainstream media publishes another GM press release as ‘news’ — Government Motors claims ‘chocolate rations’ are up: HERE
Obama’s Playbook – published by 1940′s General Motors: HERE
Tesla Motors awarded $465 million in taxpayer funds, loses $35 million in 3rd quarter: HERE
Government handouts surpass tax income: HERE
Bankrupt-Bailed-Out-Government-Owned-Tax-Free-Overseas-Job-Outsourcing GE Tells American Business Owners, ‘Stop Complaining About Big Government’: HERE
Liberty slips away – Hitler takeover: HERE
Our nation cannot survive treason from within: HERE