Jun 6, 2009

Bankruptcies will wipe out auto crash victims rights

Experts say car owners claiming faulty manufacturing would be left high and dry after GM and Chrysler go bankrupt.

Bankruptcies by General Motors and Chrysler will take the companies largely off the hook for billions in legal claims by car owners who say they were victims of GM's poor manufacturing, according to experts and company executives.

For years, Chrysler company has faced claims that some of its Jeeps went into reverse even after they were put into park.

Hundreds of other accident victims suing Chrysler for a variety of alleged defects learned this week they are out of luck.

A judge has ruled that post-bankruptcy Chrysler will not have any liability for past problems.

More of the story here.