Chrysler Group LLC, the new company for Dodge and Chrysler products, has agreed to accept exposure for personal injury claims that occur after their emergence from bankruptcy from older models. The company maintains that claims will not pose a threat to the viability of the new company.
Older models mean those manufactured before the company’s meltdown last year due to the financial panic and subsequent recession.
The company originally was only going to recognize personal injury suits for models manufactured after their bankruptcy, which is similar to a policy GM announced. But because of pressure from consumer advocacy groups and state attorney generals from around the country, GM and Chrysler reversed course.
Personal injury claims filed before the company’s bankruptcy will still be limited to the old Chrysler firm’s assets.
Chrysler is now partially owned by Italy’s Fiat auto company.
If you’re an owner of a defective Chrysler product or have sustained an injury due to a defective Chrysler automobile, contact the Colorado personal injury attorneys at the Babcock Law Firm today for a free consultation.
