Chrysler GM Bailout

July 13, 2016 GM consumers today received a major victory in their ignition switch lawsuits that were previously barred…

Published: Lawyers USA, December 15, 2009

The Supreme Court’s decision Monday not to review Chrysler’s bankruptcy may turn out to help GM product liability claimants who were left in the lurch.

The justices on Monday turned down an appeal from the state of Indiana pension funds that earlier challenged the automaker’s bankruptcy proceedings. Most of Chrysler’s assets were sold to Italian automaker Fiat.

(AP) – 8/27/09

AUBURN HILLS, Mich. — Chrysler Group LLC said Thursday it will accept product liability claims in a broader number of cases than originally planned in its reorganization under bankruptcy protection.

The automaker said it will now consider product-related lawsuits from consumers involved in accidents that occurred after Chrysler emerged from bankruptcy protection in June that involve vehicles manufactured by the old company.

Detroit Free Press

August 7, 2009

GM Gets to Dump Its Polluted Sites

BY TIM HIGGINS

FREE PRESS BUSINESS WRITER

When General Motors Co. emerged from bankruptcy, it was freed of obligations for polluted properties at discarded plant sites that will require millions of dollars to clean up.

"Given the terms of the Court’s approval, consumers would be well advised to get rid of any Chrysler purchased before the deal because if this ruling holds nobody solvent will bear responsibility for design defects. When it becomes apparent that dumping these cars is the prudent thing to do, anyone who can afford to, will be apt to, do this; and this will leave mainly poor and ignorant persons holding pre-deal Chryslers. This is the most likely outcome, unless a special insurance market develops to protect, for a price, pre-deal Chryslers–which I doubt.

Internal Emails Reveal Resentment; Court Upholds Pact