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  • U.S. will guarantee GM, Chrysler warranties, Obama says (Article from 3/30/2009)

    08/20/2011 11:30:18 PM PDT · by andyk · 60 replies
    Automotive News ^ | 3/30/2009 | Neil Roland And Richard Truett
    In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday. "Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech. "Your warranty will be safe. In fact, it will be safer than it has ever been. Because starting today, the...