GM Inside News Forum banner
21 - 23 of 23 Posts

·
Registered
Joined
·
2,902 Posts
Not likely. I can't speak definitively about the tornado-damaged Corvettes, but this issue came up some decades ago following a similar situation. The situation was a car carrier crashed destroying its cargo of new Fords. A reporter asked about the insurance on the cars. The spokesperson explained that the insurance premium did not make business sense in view of Ford's replacement costs for the destroyed cars. The average car buff does not have a clue about manufacturing economics and their relationship to the drive away price paid by the retail customer. Most believe that the manufacturer's costs are dominated by metal and labor. This is not the case. It is not even close. This is truer today that it was when that truckload of Fords bought their tickets to the wrecking yard all those years ago.
The Auto Carrier's Insurance kicks in at that point. Been There, had that happen. A whole load, and 2 months later a Fixed Focus showed up that we had to refuse. Full Disclosure here in Ontario Canada. We couldn't sell it for New only Rebuilt. Manitoba Insurance rebuilt it.

They (GM) does have Insurance. It used to be MIC (Motors Insurance Corp) it was a part of GMAC. They reaired All Our Hailstrom Lot (Floorplan) units, twice, and once took all 77 units back. (more than 5 hours structurle repairs (Roof)).
 

·
Registered
Joined
·
3,383 Posts
While bad,at the very least these cars can be replaced.

If it were classic GM metal that could'nt be built the following week I'd be inconsolable.
 

·
Registered
Joined
·
13,023 Posts
Lots of international fire fighters travel to the US to assist with those almost annual devastating forest fires. There’s things that go unnoticed because some don’t want to make a big deal of helping others.
Glad someone else mentioned this

hundreds of volunteers traveled to the US to fight fires on numerous occasions

And they always return the favour but very little fanfare is made of this
 
21 - 23 of 23 Posts
Top