Bankrupt Brands and Dead Dealerships

General Motors have declared bankruptcy, and thousands of dealerships are being consolidated or closed. Consumers are understandably confused and worried about what that means for them. Below are some quick answers to some very important questions.

What happens if my car brand goes bankrupt?

When individual brands are in financial trouble (such as Volvo), they are usually sold by one automaker to another. This has limited impact on the consumer. If a brand goes completely belly-up (Hummer, Pontiac, Saab, Saturn), "sister" brands from the same parent company (GM) will honor both standard and extended warranties, as long as extended ... Back to article