Discuss Microheat files for bankruptcy after GM recall in the Car Industry News forum at Car Dealer Forums; Filed under: Aftermarket , Gadgets , Recalls/TSBs Microheat Inc., the company responsible for inventing and ...

Go Back   Car Dealer Forums > News > Car Industry News

Car Industry News News on the car industry.

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 10-15-2008, 10:26 PM
Senior Member
 
Join Date: Sep 2006
Posts: 31,749
Post Microheat files for bankruptcy after GM recall

Filed under: Aftermarket, Gadgets, Recalls/TSBs
Microheat Inc., the company responsible for inventing and supplying General Motors with their HotSpot windshield cleaning system, has filed for Chapter 11 bankruptcy protection. The technology utilized heated liquid to clean the front glass of debris, ice, and snow. Unfortunately, a short circuit on a printed circuit board could overheat and lead to a fire (removing contaminants from much more than just the front windshield). As a result, GM recalled 944,000 vehicles and dropped Microheat, and their HotSpot product, from the lineup. Even with the system no longer offered on vehicles, things are cooking in court as GM is now seeking $20-25 million in damages to cover the cost of the recall. Without the assets to cover the charges, bankruptcy protection could only be expected. While GM's HotSpot recall solves the overheating problem with a simple inline fuse, the new filing by Microheat only seems to be fueling the fire.
[Source: Automotive News, subs. req'd]


Permalink | Email this | Comments</img>
</img> </img>


More...
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT. The time now is 10:26 PM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.0 RC2
©2001 - 2010 Sugarman Studios, LLC All Rights Reserverd.