Good news for owners of GM cars and trucks --- reports are that the "new" GM which comes out of bankruptcy will honor the "old" GM's warranty on the millions of cars and trucks on the road.

That announcement, although a promise yet to be fulfilled, puts it ahead of Chrysler, which issued only an ambiguous statement of possible warranty plans for the millions of Chrysler vehicle owners who still don't know where they stand for sure.

If you've got a GM or a Chrysler vehicle, and you have any defects or problems, get it in the shop right away, while your dealer is still around and willing to try to help you.

For now, GM owners can breathe a sigh of relief.