otis: it is my understanding that the current owners of wadia (who had been the prior owners' first-position secured creditors) purchased only the assets of the foregoing company, which, of course, excluded the liability characterized as "warranty obligations." this is standard and prudent practice in "turnarounds" and purchases of "distressed going concerns." (it is also legally permissible under the magnusson-moss warranty act and cases interpreting that act and the common law of express and implied warranties.) those customers whose warranties were thus rendered void are fortunate to have at their rescue companies like great northern sound. -cfb
Wadia confirm a rumour
Have heard from several sources that Wadia cannot support repairs to any models pre 2000 as they do not have all tooling and inventory sourcing anymore. Have called Wadia several times to confirm this and they do not return calls.
This means that all pre 00 models are unrepairable when they go down. Can anyone confirm this likely news?
This means that all pre 00 models are unrepairable when they go down. Can anyone confirm this likely news?
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- 5 posts total
- 5 posts total