In a
letter sent to Members of Congress, Chrysler
Group has announced that the company has
reversed its position will now accept product
liability claims on vehicles manufactured before
June 10, and involved in accidents on or after
that date.
On June 10, the
new Chrysler Group was born out of the bankruptcy procedure
after it was transferred the main assets of future value of
the old Chrysler. The unwanted assets and liabilities
remained with the rump of Chrysler (now "Old Car Co") and
became the responsibility of the courts to dispose of.
Controversial at the time, the liability for future
accidents of vehicles purchased before the new Chrysler
Group emerged from Chapter 11 remained with Old Car Co
despite much pressure.
"We know a lot more about the viability of our business
today than when we purchased Old Car Co's assets in its
bankruptcy proceedings several months ago," said John
Bozzella, Senior Vice President, External Affairs & Public
Policy, Chrysler Group LLC. "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."
Chrysler (now Old Car Co) filed for bankruptcy protection on
April 30, 2009. Following many complex and lengthy hearings,
the bankruptcy court approved the sale of substantially all
of Chrysler's assets to a newly formed company, Chrysler
Group LLC. As part of the bankruptcy court-approved
purchase, Chrysler Group had agreed to assume liability only
for cars sold by Chrysler Group. As a result of today's
announcement, Chrysler Group's approach is consistent with
that taken by General Motors as part of its bankruptcy
process. "We want our customers to feel comfortable and
confident buying, driving and enjoying one of our vehicles,"
Bozzella said. "Chrysler Group vehicles meet or exceed all
applicable federal safety standards and have excellent
safety records."
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Chrysler
Customer Satisfaction Teams - Problem Solving Training
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Under the Pentastar 29 August 2009
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