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Chernosky Law Offices

I Guess There is Still Money in the Auto Industry

Ford Motor Company reported profits over 1 Billion dollars in the third quarter. Wow. Some of the profit is the result of the Governments Cash for Clunkers program. But why does it always seem like the government programs never quite do what was intended.  Since Ford was the only American company doing well when the program began, a higher percentage of the people who took advantage of the program bought Ford vehicles. Which then was not much help for struggling General Motors and Chrysler vehicles.

Click here for more information about Ford Motor Company’s situation:

Several of the manufactures raised the coverage of their new car warranties hoping to stir consumer interest. This is all good for consumer cases in the long run if there is a vehicle defect at some point along the way.

With more vehicles pouring into the markets in this past quarter, I bet we also see a rise of Ohio lemon law and Pennsylvania lemon law cases. Chrysler lemon law and GM lemon law might stay the same, but if Ford’s sales rose sharply in the third quarter, it could also mean a rise in lemon law cases in the coming year.

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