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Originally Posted by Muscle Car Lover
Pretty sure if they can make the timing match the "bankrupt" era they will get a pass through on lawsuits.
It's called "moral hazard". While I love the Camaro and am eagerly awaiting mine, GM is a problem company. The US government bailed them out and as it's a centerpiece for the 'economic recovery' I don't think they will be allowed to fail.
Just like the banks. Just like many things.
People get all up in arms about dumb stuff like abortion or gay marriage, but don't bat an eye about the crony capitalism that is stealing the future. The US Federal Reserve is the biggest stealer and killer of freedom there is, and no one even cares.
Sorry, rant OFF.
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No, they don't get a pass, but they sure are trying. Fraud and criminal misconduct can't be discharged in BK. They lied in court, they withheld the information during the BK. There are GM people still, today, trying to blame drivers for not being properly thrained in vehicle shut-off driving strategies. I don't recall seeing anything in GM commercials stating that requirement to drive a GM car, or stating that GM ignitions are special, and not to have anything on he keychain. Other cars don't have these problems. There are more injury causing defects in these same recalled cars, that GM is dodging. Identical defects in these cars as in the Escalades. GM extended the warranties on the Escalades, but refuses to do it on the "cheapo" cars. That is per 2 Chevy dealers and, several GM employees who stated that cheap car drivers have no right to expect GM to cover their cars. Same old attitude at GM. Anyone wonder why they went broke?