Showing posts with label saab. Show all posts
Showing posts with label saab. Show all posts

Friday, December 30, 2011

How Do I Know if I’m Covered Under Warranty?


If you have a Saab you now know the answer to this question. But how do the rest of us know if we’re covered under warranty? Usually a vehicle is covered under warranty for a certain amount of time or a certain amount of miles driven, whichever one comes first. If your oxygen sensors or mass airflow sensors turn out to be defective, a base factory warranty will usually cover parts, labor and cost of towing. But what if these parts went bad due to an accident?

A part going bad due to any external damage is not going to be covered under warranty. If you’re cruising home from work, someone rear-ends you, and then you start having problems with your a/c compressor, you’re probably not going to be covered. Most manufacturers offer different warranties for different amounts of time. A bumper-to-bumper warranty usually will cover most items on your vehicle but last a shorter amount of time, while a power train warranty usually covers fewer parts but lasts longer. Whichever warranty you have on your vehicle is determined by the agreements between the dealer and the manufacturer.

Whether or not you are covered under warranty isn’t as black-and-white as we’d all probably like. When you take your car to a dealership they not only look for the problem, they look for the cause of the problem. If the failure is due to lack of maintenance, an accident, misuse, or any other fault of the driver (and they will look for reasons), you will not be covered. For this reason it is important to check your manual and online resources to find out details specific to your vehicle before taking it into the shop. And for all of you holiday & end-of-year shoppers this December read the fine print! No one likes surprises that can cost a few thousand dollars down the road. Oh, and if you own a Saab, ignore the above. Unfortunately you’re not covered.

Monday, December 19, 2011

Car Company to Close… I’m so Saab :(

Saab appears to have run out of gas. Not even a new fuel pump could save them now. The 74 year old car company filed for bankruptcy this morning.   This news is likely to be followed by the company announcing that it will shut its doors completely.  The only fuel pump that would rescue them would be one that turns gas into gold.

Saabs’ last chance was to acquire $782 million in loans from the Chinese company, Zheijang Youngman Lotus Automotive, but General Motors denied the deal.  GM was a former owner, but still had a say in the deal because they supply parts to Saab.  Speculation was that GM objected to the loan because they worried that some of their technology would end up in Chinese competitors’ hands.  However, GM came out and said that they were against the deal because it was, “not meaningful different,” from previous offers.
GM sold Saab to Swedish Automotive back in 2010.  Swedish Automotive is a Dutch company, which is not at all confusing.  Saab did get some funding back in June from a couple of Chinese companies, but they blew through that cash faster than my girlfriend spends her paycheck on Black Friday.
There is still a slight chance that Saab will still exist.  A new buyer could swoop in and buy the remaining assets.  So, if you and your friends have some extra cash lying around, feel free to group the cash together and go “Dutch” on the car company.