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#1
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O/T GM the big evil!!!
So I just read that GM which has bought Daewoo has decided not to honor the warranties for any Daewoo sold in the US. Apparently this is legal b/c they did not buy Daewoo of America which has now gone under of course b/c they have no cars to sell and have not been getting reimbursed for warranty work (oh yeah GM has also said they won't be paying for the work they've already agreed they'd pay the dealerships for. What a pathetic business move. If I had ever been dumb enough to buy a GM product it would be traded in elsewhere tomorrow. Then again, at least they aren't abusing labor laws like VW and Chrysler yet. Gotta love being able to pay your workers $10 a day in Mexico so that you average $2200 net profits per vehicle and then claim that you should compete equally with other companies. Oh wait! That's what they are gonna be doing with the Daewoo brand.
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British vehicles are my last ditch attempt to keep the nasty Italian thoughts in my mind at bay. So far its working. |
#2
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Damn.
Damn. Damn. Interesting story. This sounds like a classic story of corporate greed. You don't buy a struggling company and help rebuild it by pissing off all existing customers, you think they'll buy another GM/Daewoo?? Unfortunately people will. Society has such a short memory and corporations feed off of that. Don't be surprised if Enron stock starts taking off again in about 5 years. I wonder how long those 10 year Hyundai warranties will be around? Doug
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1992 LS Touring (6/91) - Currently undergoing a five speed swap Black over Claret with spoiler; 235,000 miles; Mods: 2002 Legacy 5 speed, ACT Pressure Plate, Excedy Clutch, Short Throw Shifter, Aussie Powerchip 1992 LS Touring (6/91) Black over Claret with 2.5" setback spoiler; 202,000 miles; Mods: B&M Cooler 1994 LSi (4/93) Bordeaux Pearl; 198,000 miles; Mods: Weight reduction. 1969 Mustang GT Convertible 1970 Mustang Convertible 2000 Ford Excursion Sola lingua bona est lingua mortua. My Locker |
#3
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Makes perfect sense to me. GM did not buy Daewoo America. The bought Daewoo Korea. Certainly the Daewoo customers in the USA are going to be pissed, but GM has no duty to them at all. All the arrangements warranty and parts-supply wise were made between Daewoo America and the American customers.
GM has nothing to do with Daewoo America, other than the fact they bought a related companyu with the same name in a different country. I'll bet you can pick up a Daewoo for a song nowadays. I considered going into business supplying spare parts for Daewoos (from Korea) up until I realized I could not do so profitably when the folks who bought Daewoos to begin with were not likely to be able to afford the premium I'd have to charge for the parts. At least with the SVX, folks who buy them tend not to be broke. At first anyway. |
#4
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Really, though, how many people in the US have bought Daewoos? It's not like GM bought Toyota and now aren't going to honor Toyota warranties. We're only talking a relatively few customers, so it's not going to hurt any future Daewoo sales GM has plans for.
It's unfortunate for current Daewoo owners, but they were going to lose Daewoo's commitment to those warranties when the company folded, anyway. As much as I dislike GM's products, I don't blame them for this decision.
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2005 RX-8 Grand Touring 2005 Outback 2002 Mercedes-Benz E320 wagon END OF LINE |
#5
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DUH!
I find it hard to fathom the logic in a move like that. I work with a girl who had trouble enough getting her Daewoo worked on before this happened. They sure as hell won't get any repeat buyers but in short time people will forget the pre-GM Daewoo's and begin to buy the new ones if they through enough money into marketing them.
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Pearl '92 LS-L 179K (Historic 1st 5-speed SVX) Mods: 5-speed, 4.11's, Group-N motor mounts, dual Magnaflows, cone air filter, Kenwood MP-228 CD/Receiver, white-faced gauges, '97 grill, custom window tinting. Ebony Mica '92 LS 80K Oct 2002 - Dec 2004: Victim of theft. She served me well. You can tell the lack of craftsmanship by the wrinkles in the duct tape. |
#6
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GM
Daewoo sold what maybe 200,000-300,000 cars here. If GM had half a brain they would've just told these customers to take them to the nearest GM dealer for service. Its only 5 years here and the car has been at least 3x as reliable as a GM over that time. Maybe then GM could woo these buyers into a Saturn or Cavalier just b/c of the service. Then again I guess it wouldn't work since none of the GM mechanics could figure out the engine since it doesn't have pushrods and sound well like my Brat when I need to change the oil . As for owner loyalty this and the fact that I hit a wall at 65mph, rolled twice and only broke my ankle in 4 places in my Impreza. Not bad for not being belted it. The Jeep Cherokee I was in that hit a curb at 25mph screwed up my knee for life and I was belted just fine .
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British vehicles are my last ditch attempt to keep the nasty Italian thoughts in my mind at bay. So far its working. |
#7
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Quote:
Its still dirty pool, no matter how you slice it up. If Daewoo was in trouble, they should have folded completely or been bought in whole by another company. I don't know if Daewoo of America is publicly traded, but if they are, its just another case of rich bastards stringing their webs and legal trickery and letting the little people take the fall and loose their money. Doug
__________________
1992 LS Touring (6/91) - Currently undergoing a five speed swap Black over Claret with spoiler; 235,000 miles; Mods: 2002 Legacy 5 speed, ACT Pressure Plate, Excedy Clutch, Short Throw Shifter, Aussie Powerchip 1992 LS Touring (6/91) Black over Claret with 2.5" setback spoiler; 202,000 miles; Mods: B&M Cooler 1994 LSi (4/93) Bordeaux Pearl; 198,000 miles; Mods: Weight reduction. 1969 Mustang GT Convertible 1970 Mustang Convertible 2000 Ford Excursion Sola lingua bona est lingua mortua. My Locker |
#8
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:P Gimme a break, Doug. Disagree with GM's decision all you want, but flat out accusing them of unethical behavior and corruption is a little unfounded in this case. GM was hardly motivated by some deep hatred for the consumer. They made decisions that they determined were best for the company, and I'm sick and tired of people blaming companies for that. My own company just did something in self-defense that personally affected me. It sucks, but the decision was reached reasonably and has valid supporting arguments. While I don't like the decision, I'm not going to whine about my company defending itself. I'd be far more worried if it didn't.
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2005 RX-8 Grand Touring 2005 Outback 2002 Mercedes-Benz E320 wagon END OF LINE Last edited by Mr. Pockets; 11-06-2002 at 02:24 PM. |
#9
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What GM will probably do is rebadge them as their new entry level cars and no one will be the wiser, just like they did with the Chevy Sprint and Spectrums before they came out with the Geo name. Who knows...who cares
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Pearl '92 LS-L 179K (Historic 1st 5-speed SVX) Mods: 5-speed, 4.11's, Group-N motor mounts, dual Magnaflows, cone air filter, Kenwood MP-228 CD/Receiver, white-faced gauges, '97 grill, custom window tinting. Ebony Mica '92 LS 80K Oct 2002 - Dec 2004: Victim of theft. She served me well. You can tell the lack of craftsmanship by the wrinkles in the duct tape. |
#10
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I don't know all the facts here but I was wondering if in fact that Gm did buy only the korean division, and knowing that GM does do significcant sales oversees did anyone stop to think that they might have no intention of selling daewoo in america at all or as mentioned above only import with a GM badge? Then it would make sense that there would no longer be any daewoo in america and therefore there is no point to them backing any warranty?????
-G |
#11
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Don't EVER accuse me of being a socialist. Doug
__________________
1992 LS Touring (6/91) - Currently undergoing a five speed swap Black over Claret with spoiler; 235,000 miles; Mods: 2002 Legacy 5 speed, ACT Pressure Plate, Excedy Clutch, Short Throw Shifter, Aussie Powerchip 1992 LS Touring (6/91) Black over Claret with 2.5" setback spoiler; 202,000 miles; Mods: B&M Cooler 1994 LSi (4/93) Bordeaux Pearl; 198,000 miles; Mods: Weight reduction. 1969 Mustang GT Convertible 1970 Mustang Convertible 2000 Ford Excursion Sola lingua bona est lingua mortua. My Locker Last edited by mohrds; 11-06-2002 at 02:59 PM. |
#12
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__________________
1992 LS Touring (6/91) - Currently undergoing a five speed swap Black over Claret with spoiler; 235,000 miles; Mods: 2002 Legacy 5 speed, ACT Pressure Plate, Excedy Clutch, Short Throw Shifter, Aussie Powerchip 1992 LS Touring (6/91) Black over Claret with 2.5" setback spoiler; 202,000 miles; Mods: B&M Cooler 1994 LSi (4/93) Bordeaux Pearl; 198,000 miles; Mods: Weight reduction. 1969 Mustang GT Convertible 1970 Mustang Convertible 2000 Ford Excursion Sola lingua bona est lingua mortua. My Locker |
#13
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British vehicles are my last ditch attempt to keep the nasty Italian thoughts in my mind at bay. So far its working. |
#14
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Anyway, my reply, while valid, was not stated in an appropriate fashion. Sorry.
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2005 RX-8 Grand Touring 2005 Outback 2002 Mercedes-Benz E320 wagon END OF LINE |
#15
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If I may insert a thought here, and I could be wrong, but I recall reading that there is 20% ownership of Subaru by GM. So, insaying that one should not ever own a GM product, one is saying that he/she should not own a Subaru?
-G |
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