Canadian Government to Honour GM and Chrysler Cars

The United States has already committed to guarantying GM and Chrysler vehicle warranties in case either declares bankruptcy, but only today did Canada also decide it too would guarantee all vehicles purchased from April 7th, 2009 and on. This is to help support GM and Chrysler by giving consumers confidence that their vehicle warranties will be honoured regardless of whether GM and Chrysler are still around. Any additional car sales would help in keeping both companies viable.

Canadian consumers who bought GM or Chrysler vehicles prior to April 7th will not have their warranties guaranteed by the Canadian Government in case of either companies declaration of bankruptcy. There will be some pretty upset consumers when they find out that if they bought that vehicle one day later, they would have had their warranties guaranteed.