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Is General Motors filling for bankruptcy?

April 18th, 2009

What are you going to do if General Motors files for bankruptcy? Obviously we need to put a strategy in place in order to repair or replace our transmissions if this occurs.

This subject was unavoidable when Brian and I were talking the other day. Brian is chief cook and bottle washer at GotTransmissions.com. .We agreed that it may mean a lot more business for his company. It will cause a lot of people to have to tighten their belts when it comes to deciding on repairing their transmission  or buying  a new car. Brian told me they are in the process of preparing themselves for this possibility. He likes to stay ahead of the game for his clients benefit.

I really don’t care to discuss the political side or the unions involvement in the process of what happens if G.M. fails to make the concessions necessary for more government money. Realistically speaking, I am interested in where people would go for parts and repairs for their Chevrolet, GMC, Pontiac, Buick and Oldsmobile cars and trucks if they are in the habit of returning to the G.M. dealer for repairs.

Bankruptcy will cause mass unemployment, unpaid bills to the parts makers and mass confusion in general. We can’t be sure what the exact outcome will be or on what time frame if any, the manufacturers would be able to do business again. What do the people with active factory warranty’s do? I don’t have any idea.

The up side, in my opinion is that it may force people to hold on to their cars and and fix that broken transmission. It will produce a giant increase in business to independent shops. It will be important to know how to choose a competent repair shop. It will be just as important to know who you are going to buy a, for instance a good used low mileage transmission from. You will need to build new trusts with new people.

My thoughts happen to fit the bill, perhaps putting me ahead of the game. I’m happy and proud to say I drive a 1988 GMC 1 ton four wheel drive pickup. I bought it new and have given my truck meticulous care by changing my automatic transmission fluid, engine oil and filter and the cooling system fluid for the 21 years I have owned it. I have always felt and was not scared to say that too many folks trade in perfectly good cars that may have an transmission or engine issue for new ones without looking at the consequences of having a tremendous loan payment…. Of course their is an ego issue here with driving the coolest looking new car or the biggest car crushing truck on the market,..big obviously increases your carbon footprint too.

I am done ranting, for now. The point is we don’t know what will happen. It is probably wise to hang on to what you have for now and make the repairs needed. Lots of times you feel like you have a new car when you fix it. The GotTransmissions.com blog we produce is exactly for that purpose. To help and advise you on how to make simple tranmission repairs, and keep your car running longer and leaving more money in your pocket.

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