Chrysler accepting liability pre-bankruptcy claims

Posted on Sunday, 30 August 2009 , 07:08:33 byEmil

Filed under chapter11bankruptcychryslerliabilityChrysler

Chrysler accepting liability pre-bankruptcy claims

Chrysler reversed its decision, accepting liability claims on cars made on or before 10th of June this year. Following the bankruptcy Chapter 11, Chrysler will not honor liability claims cars manufactured before that date – technically build by Old Carco, meaning the old Chrysler – but the carmaker from Michigan modified its stance right after some public backlash.

This reversal gives used vehicle customers a good peace of mind, ensuring that the people injured by a product from Chrysler will get the compensation well deserved.

External Affairs & Public Policy, Senior Vice President, Chrysler Group LLC - John Bozzella said 'We know a lot more about the viability of our business today than when we purchased Old Carco’s assets in its bankruptcy proceedings several months ago. While Chrysler Group still faces challenges, we are confident that the future viability of the company will not be threatened if we accept these claims'.

GM – that filed for bankruptcy also in 2009 – never suspended its liability claims of the car.