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Back in 2007, Chrysler sent something of a shockwave through the industry by announcing a new lifetime powertrain warranty program for nearly all of its cars and trucks. At the time, we wrote "the only fly in the ointment is that the new warranty applies to the original owner and is not transferable." Once the vehicle had been sold, the warranty reverted to a standard three-year/36,000 mile affair. According to the automaker, that minor nitpick caused a load of confusion amongst its buyers.

Joseph Heller's novel Catch-22 is an assault on bureaucratic circular logic, and when talk turns to Chrysler's bankruptcy, you can almost picture the book's character, Yossarian, shaking his head about the latest developments surrounding warranty claims. Current Chrysler owners might find themselves owning vehicular orphans whether or not the company manages to stick around in some form. Chrysler's bankruptcy deal, where there's an upside and a downside to the Schwartz, could see the new, "Good"

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