What If A Major Auto Manufacturer Closes the Doors?
What If A Major Auto Manufacturer Closes the Doors?
This is a very good question, is merely speculation BUT I am asked the question on a daily basis. There is really no precedent for making an analysis. But form the consumer's prospective the issues are simple.
Who will service my car, honor the warranty and where will I get the parts to fix my Chrysler?
There are no easy answers BUT as with any business that goes belly up, generally the consumers are left in the cold, which is the most likely occurrence.
My guess is that one of the other manufacturers would try to make some arrangement to get the customers of the failing automaker. But if you had a lemon law claim you are probably out of luck, unless the State sets aside a fund, which is unlikely in this economy.
Carton and Rudnick family law
Carton and Rudnick consumer law
Carton and Rudnick
