Quote:
Originally Posted by Moose
I've heard about this...that's great news if it's true!  |
Oh, it's true Moose. I was watching CNN when they announced it. Let me see if I can find an article...
News bulletin
GM offers 5-year/100,000-mile warranties on '07s
September 6, 2006
Email this Print this By Angela Tablac
Free Press business writer
Rick Wagoner, chairman and CEO of General Motors, announces that all GM cars and trucks will come with a 100,000 mile/5 year powertrain warranty and roadside assistance. (ERIC SEALS/Detroit Free Press)
General Motors Corp. announced today the extension of its warranty coverage to 100,000 miles or five years for all its 2007 car and light-truck models in the United States and Canada.
The new fully transferable, limited powertrain warranty is the “next chapter in the GM turnaround story,” Chairman and CEO Rick Wagoner said at a press conference at GM Renaissance Center’s outdoor Wintergarden in Detroit.
“It’s something our customers want and something our employees and dealers want to offer,” Wagoner said. The coverage is the best warranty of any full-line automaker.
GM said the coverage reflects confidence in its product quality. Total warranty repairs have been reduced by 40% over the past five years, Wagoner said at the conference.
The warranty, fully transferable and with no deductible, covers more than 900 components connected to the engine, transmission, transfer case and final drive assemblies. It applies to all 2007 Chevrolet, Pontiac, Buick, GMC, Hummer, Saturn, Saab and Cadillac cars and light trucks sold in the United States or Canada. GM also expanded roadside assistance and courtesy transportation programs.
GM executives said the five-year, 100,000-mile coverage matches consumer cycles for buying cars. They declined to disclose how much this warranty will cost the automaker.
Hyundai’s 10-year, 100,000-mile warranty played a significant role in the automaker’s turnaround. GM executives hope the same is true from their coverage.
“It’s part of the natural progression of Rick’s turnaround plan,” said Jamie Hresko, GM’s vice president of North America quality.
Korean automaker Hyundai offers 10-year, 100,000 mile powertrain guarantees.
In July, Ford Motor Co. extended its powertrain warranties by up to two years on its 2007 Ford, Lincoln and Mercury models.
On Ford and Mercury vehicles, the powertrain warranty was raised to five years or 60,000 miles, whichever comes first, up from the current three-year, 36,000-mile bumper-to-bumper warranty.
Lincoln powertrain warranties were extended to six years or 70,000 miles, up from the previous four-year, 50,000-mile bumper-to-bumper guarantee.
The warranties cover the engines and transmissions and are retroactive to any 2007 models that already have been purchased, Ford said. The automaker also
offers similar guarantees on 2006 models still on the lots.
LaNeve said GM picked five years and 100,000 miles because that’s the normal length of time that owners keep cars and trucks.
He would not disclose the cost of the warranties, but said that GM’s quality has improved incrementally over the last five or 10 years to the point where it’s cost-effective to offer such guarantees.