GM and Chrysler Bankruptcies Affect Auto Product Liability Lawsuits
Auto accident victims who claim they have been injured as a result of auto product defects in New Jersey and across the nation from Chrysler and General Motors vehicles are being left high and dry because of the auto makers' bankruptcy filings. According to this news report, consumers and consumer advocates are outraged that auto makers, that are being financed by tax payers, are throwing "consumer safety protections out the window."
The bankruptcy of Chrysler and GM has led to new complications, particularly with regard to product liability lawsuits. According to several consumer advocates, the car companies will back up their warranties for auto parts, but will not take responsibility for personal injuries caused by defective auto parts. So, for example, if your brakes are bad, they'll fix them. But if you crash and get seriously injured because of defective brakes, then your auto maker (Chrysler or GM) won't be held liable for that.
Auto product defects are more common than we know or hear about every day. Thousands of auto accidents occur nationwide and in New Jersey because of defective auto products such as tires, airbags, seatbelts, seatbacks, engines and steering. Defective design of a vehicle can also cause catastrophic injuries or deaths in an auto accident.
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