Chrysler Agrees to Cover Liability
The Chrysler Group LLC has agreed to accept product liability claims on vehicles manufactured before June 10, 2009. As part of the bankruptcy deal struck with congress Chrysler Group did not have to accept liability for cars manufactured before the bankruptcy deal was approved.
Stewart Eisenberg previously appeared on 6 ABC to discuss the ramifications the deal would have on injured consumers. That deal has changed and injured consumers will once again be able to fight the automaker for the compensation they deserve. If you believe you or a loved one has been harmed as a direct result of an auto defect in a vehicle please do not hesitate to contact our experienced crashworthiness attorneys to discuss your potential case.
Chrysler's Press Release:
Auburn Hills, Mich. - In a letter sent today to Members of Congress, Chrysler Group LLC announced that the company will accept product liability claims on vehicles manufactured by Chrysler LLC (now OldCarco LLC) before June 10, 2009, and involved in accidents on or after that date. On June 10, 2009, Chrysler Group purchased substantially all of the assets of Old Carco.
"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," 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."
OldCarco filed for bankruptcy protection on April 30, 2009. Following many complex and lengthy hearings, the bankruptcy court approved the sale of substantially all of OldCarco'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."
