Quality Job None? GM Says It Isn't Responsible For Lost Value In Cars Because Of Defects

Quality Job None? GM Says It Isn't Responsible For Lost Value In Cars Because Of Defects
General Motors asked a judge to knock out lawsuits demanding $10 billion for the lost value of millions of cars recalled this year for ignition-switch fixes and other repairs.

The automaker on Wednesday told U.S. Bankruptcy Judge Robert Gerber in Manhattan that he freed it from responsibility for past errors when he signed off on a $49.5 billion government bailout in 2009.

GM in its filing argued against customers’ contention that it forfeited that immunity by hiding a long-known defect and exposing them to accidents and financial losses.


Read Article

Terry989Terry989 - 11/6/2014 12:11:31 PM
+3 Boost
Useless article. Has any car company ever signed up for this - - - -ever? How could a manufacturer possibly be responsible for resale value in any industry?


Agent009Agent009 - 11/6/2014 4:03:31 PM
-1 Boost
The basis of the suit is that the cars were average, not the unsafe crap wagons they have turned out to be. So now they can't be unloaded for near the average value.

GM has a responsibility to make a safe product and they failed to do in this case.

Personally if the Automakers had to pay fines for safety recalls issued, then safety would be at the top of the list.


800over800over - 11/6/2014 1:09:33 PM
+3 Boost
Maybe the car companies should be responsible if they sold you an unpopular colour that didn't hold its value well. Or maybe if you bought a 5 speed they should be responsible cause that doesn't sell as well either.


Agent009Agent009 - 11/6/2014 4:04:35 PM
-1 Boost
hey you had a choice in the color and options you bought. Not in the hidden safety defects present.


gkearns56gkearns56 - 11/7/2014 8:25:30 AM
+1 Boost
Remember several years back when GM had this "pink" color you could order on your Cadillac. We all know that GREEN is probably the least favorite exterior color, but pink. So lets say you buy this pink Cadillac (the Avon lady neighbor had one), if the car lost it's value (depreciated) it's NOT GMs fault. But if GM throws an airbag in your vehicle that opens up by itself when your doing 50 or 60 mph, then they are probably responsible for that. GM needs to go back to it's airbag supplier and get some dough from them. If their vendors or suppliers aren't doing the quality job; cut bait and move to another supplier. Turn around and sue them for defective products, since the supplier's quality control was below your standards.


Agent009Agent009 - 11/7/2014 10:02:11 AM
0 Boost
The problem is they have pushed down profits in the suppliers to record lows. So when there is an issue, it will bankrupt the supplier.

Takata is facing the same situation, not enough money to do all of the repairs to their defective airbags. The Japanese government will have to step in or face humiliation.



Copyright 2026 AutoSpies.com, LLC