Owners of Chevrolets and other General Motors vehicles will continue to get a steady supply of spare parts and services in Cayman despite the car manufacturer entering bankruptcy proceedings in the United States, according to the company’s regional subsidiary.
Ignacio Limpenny, the president and managing director of General Motors International Sales Ltd, based in Cayman, said: ‘Only GM’s US operations are part of the Chapter 11 process, and that GM’s US court filing should have no direct impact on our region. Our local operations will continue to operate and support the region as it always have.’
Detroit-based General Motors filed for Chapter 11 bankruptcy protection on Monday in an effort to restructure the company, which had sought a bail-out from the US government in December.
GM will continue to produce Buick, Cadillac, Chevrolet and GMC vehicles for the US market, while the bankruptcy court will supervise the sale or liquidation of unprofitable brands, such as Saturn and Hummer.
Mr. Limpenny said that because none of GM’s operations outside of the US are included in the court filings, customers, dealers, and suppliers of GM’s non-US operations do not need to take any special actions or follow any new procedures.
‘For customers of our non-US operations, GM intends to honour its warranties and all other customers obligations without interruption, i.e., there is no change to GM’s practice with respect to warranties and service,’ he said.
Advanced Automotive has exclusive dealership and service rights for GM vehicles in Cayman.
Mr. Limpenny said about a third of new GM cars on sale in Cayman are produced in the US, while the remainder come from Korean and Mexican factories.
He said there would be no problem getting spare parts for any of the GM vehicles on the Island.
In the Caribbean region, about 80 per cent of GM vehicles are imported from Korea, which produces smaller GM vehicles, such as the Spark. Mr. Limpenny said more cars were imported from the US into Cayman than to other markets in the region because larger vehicles such as the Chevy Tahoe and Suburban, which are produced in the US, were popular here.