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Here's what I found...
Posted by JTP3 (more from JTP3) on Tue, 31 Mar 2009 11:07:09
In Reply to: New Purchase Warranty, Barry, Tue, 31 Mar 2009 07:50:56
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During the next 60 days, the U.S. government will fully back warranties on every GM make and model, including Saab, Hummer and Saturn models. This timeline would begin March 31, meaning it would last until the end of May.
Buyers do not need to take any additional steps to qualify for the federally backed warranty other than purchasing a vehicle.
The warranty program does take into account the possibility of bankruptcy in the future. If either company files for bankruptcy, it will assign a third-party to handle necessary repairs and servicing for all vehicles purchased during this new restructuring period.
There’s no word on whether the government will back warranties on vehicles bought before today, but we assume they would not. This move is to give assurance to buyers over the next two months so sales don’t drop at a faster rate than they already have.
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