Chrysler Corporation, f.k.a. Chrysler Holding Corporation, as Successor by Merger to Chrysler Motors Corporation and Its Consolidated Subsidiaries - Page 5




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          damage from airborne fallout, chemicals, tree sap, salt, road               
          hazards, hail, windstorms, lightning, floods, and other acts of             
          God.  In the warranties for all model years, coverage is excluded           
          for any vehicle which has an altered odometer reading.                      
               In addition to the express contractual provisions of                   
          petitioner’s written warranties, petitioner is obligated to                 
          comply with certain implied warranty provisions mandated by                 
          Federal and State statutes.  The statutes applicable include the            
          Magnuson-Moss Federal Warranty Act, 15 U.S.C. secs. 2301-2312               
          (1994), the Clean Air Act of 1970, 42 U.S.C. secs. 7521(d),                 
          7541(a) (1994), the FTC Act, 15 U.S.C. sec 41 (1994), and the               
          Uniform Commercial Code (as adopted by various States) and State            
          “lemon laws”.  State “lemon laws” typically provide that if the             
          manufacturer cannot fix the defective part to conform to the                
          express warranty after a “reasonable number of attempts”, and the           
          nonconformity “substantially impairs” the vehicle’s value or use,           
          the manufacturer must replace the vehicle or refund the purchase            
          price.                                                                      
               Petitioner enters into written agreements with its dealers             
          requiring them to correct conditions covered by petitioner's                
          warranties.  In order to obtain reimbursement from petitioner,              
          the agreements require the dealers to submit claims after                   
          repairs.  Petitioner reimburses the dealers for providing                   
          warranty service, provided that the dealers performed and                   
          recorded the services as outlined in petitioner's Warranty Policy           




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Last modified: May 25, 2011