News tagged with 'General Motors'

General Motors will install a brake override system in all newly manufactured vehicles, even though the auto maker has not had a problem with unintended acceleration like Toyota.

The New Chrysler has agreed to accept product liability claims for consumers injured by defective automobiles, but only after it emerged from bankruptcy June 10. GM and Chrysler together had about 2,000 product liability claims pending before bankruptcy that can now only proceed against bankrupt companies.

General Motors passed another hurdle as it heads toward a sale free and clear of product liability claims by some 300 individuals. The judge says the sale is in the best interest of creditors and GM and is a better alternative to liquidation. 

General Motors Corp. has agreed to take on future liability claims from defective autos and parts as a means to a quick sale and emergence from Chapter 11 bankruptcy. But the automaker will still leave behind claims by victims of past accidents, including the death of Lexi James, 10, in a 15-passenger Chrysler van.

Comcast, the largest cable-television corporation, has pulled ads critical of General Motors bankruptcy plan that leaves injured consumers or their survivors uncompensated.  The media giant says it wants to check them for accuracy, even though the New Chrysler required it be "free and clear of all liens and claims” as a condition of bankruptcy. 

New television ads will begin running in the Washington D.C. market urging Congress and President Obama to take action to protect people injured by defective automobiles who have no recourse through the courts under the Chrysler/GM  bankruptcy.