General Motors Corporation’s (GM) current bankruptcy raises concerns in automobile owners and prospective buyers. The fallout of G.M.’s financial woes will no doubt affect car prices, warranties, resale value, service and parts and could lead to more car accidents.
The San Diego automobile accident attorneys at our firm believe that when a car manufacturer cuts costs in an effort to save themselves, devices and parts used for safety tend to diminish in quality. Defective parts and manufacturing mistakes increase your chances of getting into a car accident causing personal injury such as whiplash, spinal cord injuries, paralysis (i.e. paraplegia & quadriplegia) or traumatic brain injuries like concussions.
Products liability concerns among GM car-buyers and owners is at an all time high as the bankruptcy has led to a lot of unanswered questions about their vehicles.
Price cuts, rebates and other incentives could make the next few months one of the best times in history to buy a vehicle. The perceived risk in buying a vehicle from a company under bankruptcy protection is expected to scare away many potential buyers. If car accidents cause personal injury or wrongful death, who will be held responsible for medical bills?
The federal government will uphold warranties of GM and Chrysler vehicles as part of a plan to buy consumer confidence and encourage people to keep buying cars. However, the typical warranty period is three years or so. Are you willing to take the risk if a car accident happens causing property damage?
Servicing GM and Chrysler cars is also an issue. Longer-term service for GM vehicles isn’t expected to cause exceptional difficulty for consumers in part because many begin taking their cars to independent mechanics after their warranties expire.
Suppose a loved one or you purchased a car and later suffered a personal injury due to a defective product in the car. Would you not want the car company to be held responsible for the car they manufactured?
Our San Diego car accident attorneys think that if a loved one or you are involved in a car accident and suffer a personal injury from a products liability the manufacturer of the defective car then — in the eyes of the law — you could potentially hold them accountable regardless of their financial situation.
Please feel free to call us now at 1-858-551-2090 or click here for a FREE CONSULTATION with an experienced car accident attorney. We have a large bilingual staff that can assist you in either English or Spanish.