Chrysler to accept some old product liability

Chrysler Group LLC said yesterday that it is now confident enough about its business to accept product defect claims that arise on vehicles built before its sale process was completed on June 10, 2009. The Auburn Hills automaker said that it will take on product liability claims on vehicles built by the old Chrysler Chrysler Group LLC.

“We know a lot more about the viability of our business today than when we purchased Old Carco’s assets in its bankruptcy proceedings several months ago,” said John Bozzella, Senior Vice President, External Affairs & Public Policy, Chrysler Group LLC. “While Chrysler Group still faces challenges, we are confident that the future viability of the company will not be threatened if we accept these claims.”

OldCarco (the old Chrysler) filed for bankruptcy protection on April 30, 2009. Chrysler said that its approach is consistent with that taken by General Motors as part of its bankruptcy process.

“We want our customers to feel comfortable and confident buying, driving and enjoying one of our vehicles,” Bozzella said. “Chrysler Group vehicles meet or exceed all applicable federal safety standards and have excellent safety records.”

– By: Stephen Calogera