MILWAUKEE, Wis. -- General Motors CEO Rick Wagoner said the automaker does not intend to match extended warranties offered by Chrysler group and Korean automakers.
"It's not something we're thinking about right now," Wagoner said at the opening of a Hummer dealership here Wednesday.
Wagoner said extended warranties can reassure consumers if a brand has a reputation for poor quality. But, he said, GM will market its improvement in quality measures like the recent J.D. Power Initial Quality Survey instead.
"Out of the J.D. Power, we just got number one in car powertrains, number two in truck powertrains, so we've gotta make sure people understand that," Wagoner said. "I'm not sure we've gotta give warranties. In effect, when they give warranties, there's sometimes a suggestion that you need to do that."
Chrysler on Monday introduced a transferable seven-year, 70,000 powertrain warranty to its standard three-year, 36,000-mile bumper to bumper warranty.