Nissan Extends Powertrain Warranty Coverage on CVT Transmission
November 20, 2009 by Larry
Filed under Automotive, News, Nissan
Our good-ol-pal who happens to have created AutomotiveAddicts.com, owns a Nissan Murano equipped with a CVT (Continuously Variable Transmission) and before his purchase he was always a little concerned about the reliability of such a transmission. Several other vehicle manufacturers have made use of the CVT transmission in many of their models including most of the new hybrid vehicles you see on the road today. To make all of the customers of Nissans equipped with CVT transmissions, Nissan has decided to double the powertrain warranty coverage on the CVT transmission. That means anyone that owns a Nissan equipped with CVT transmission gets a new extended powertrain warranty for the Continuously Variable Transmission (CVT) to 10 years/120,000 miles (whichever occurs first) for CVT transmission repairs, replacement, and related towing on all 2003-2010 model year Nissan vehicles.
Ford Offers Job Loss Protection While GM Offers Sweetened Total Confidence Program
Both Ford and GM have announced new programs in hopes of encourage consumers to enter into the car buying market. Within each program both Ford and GM will offer protection to the consumer if they were to lose their job. That means Ford or GM will pick up the payments for a specified amount of time for those who are in the position to qualify for unemployment benefits. The programs are similar to that of Hyundai’s Assurance Program but the terms are even better than Hyundai’s.
Obama Says U.S. Will Guarantee GM, Chrysler Warranties
Today is my “what to do in case of Automotive Industry emergency” news day. All of the major news networks are steadily reporting today updates of the Obama administration’s plans for the automotive industry. It seems they already want federally regulate everything else so why not do it with the Automotive industry. I mean, heck, they already gave Rick Wagoner, GM’s CEO, the boot and now they will guarantee the federal government paying for any warranty repairs on a General Motors or Chrysler vehicle if either company can’t because of financial problems or a bankruptcy filing. That’s actually good news now that I think about it because all my neighbor has to say about his Chevy Tahoe other than it is gas guzzler is that GM may not be able to fulfill their 100,000 mile warranty if they go under.
This has been the topic of discussion for thousands who happen to drive a GM or Chrysler vehicle currently. Many of these cars are still under warranty considering the 100,000 mile warranty offered in the past couple of years by both GM and Chrysler.
“Given where the industry is, these highly unprecedented actions are consistent with the unprecedented times we’re in,” Standard & Poor’s analyst Robert Schulz told Reuters today.
Let’s face it, bankruptcy is a very feasible option for Chrysler and GM and many are finally realizing this. We all knew it may come to this. I guess for now it is good that the government and/or Obama administration is on our side… or are they?
