GM to take future liability claims

The Associated Press reported today that General Motors will take responsibility for for future product liability claims, making it easier for the company to sell its assets and come out of its Chapter 11 a new company.
While GM did not offer this willingly (its hand was forced to take liability in order to sell assets,)it will help consumers hold GM accountable for defective vehicles it previously would not have assumed any liability for. From the story:

"The fact that 'New GM' will protect consumers injured by defective 'Old GM' cars is a positive development for public safety," The Ad Hoc Committee of Consumer Victims of Chrysler and GM said in a statement released Saturday. But the group said more needs to be done, noting that GM's concession doesn't help people that have already been hurt by its vehicles. It also said consumers hurt by fellow automaker Chrysler LLC still have little recourse."

View the story here.