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Canada Boosts Part Makers Insurance, Backs Warranties

Posted Tuesday, Apr 7, 2009, 2:15 pm in Employee News



The Canadian government will boost its fund for insuring auto parts makers’ sales by $567 million and guarantee consumers’ warranties on new General Motors Corp. and Chrysler LLC vehicles, according to an story in Bloomberg.

Industry Minister Tony Clement told reporters in Ottawa, “the new insurance funding expands a significant tool at the disposal of our auto-parts suppliers.” Export Development Canada will administer the funds.

Canada’s decision followed a similar announcement by the United States last week. (Bloomberg)
 

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Thank goodness. In the rare case that anything goes wrong, i don't feel so bad about still having a Chrysler product. But if it should happen, where would I take my car for service?
 
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