Product Safety in the News

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Product Safety in the News 

“Chrysler's transformation from bankruptcy to a new company owned by Fiat, U.S. and Canadian taxpayers and UAW retirees, whose health care benefits could shrink in coming years, has been approved by U.S. Bankruptcy Judge Arthur Gonzalez…Fiat will be protected from any product liability lawsuits arising from alleged flaws in Chrysler vehicles sold prior to the sale’s closing later this month. Anyone filing such lawsuits will only be able to recover from the limited assets of the old company.”
“Judge Approves Chrysler Sale”
Detroit Free Press, 06/01/09

“A flurry of objections in the Chrysler LLC bankruptcy case continue to be filed in advance of a hearing next week to approve a tie-up with Fiat SpA. The latest bankruptcy court filings submitted in New York come from various groups including the city of Auburn Hills, which says it is owed $1.9 million in property taxes, to worried pensioners scared about their future, to lawyers concerned that bankruptcy will wipe out dozens of product liability lawsuits.”
“Chrysler Objections Mount”
Detroit News, 05/21/09

“If Chrysler’s bankruptcy plan is approved, current owners of Chrysler, Dodge and Jeep vehicles may find that their right to sue the automaker for injury-causing defects is a matter of debate.”
“Chrysler Revamp Plan Could Block Lawsuits”
New York Times, 05/19/09

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