AUBURN HILLS, Mich. Chrysler says its dropping its lifetime powertrain warranty in favor of a 5-year or 100,000-mile guarantee.
Chrysler Spokesman Rick Deneau says the decision was driven by market research that showed consumers prefer warranties with a fixed time period. Powertrain warranties typically cover repair or replacement of transmission and engine parts.
In addition, the 5-year, 100,000-mile warranties will be transferable to new owners if the vehicles are sold before they run out. The previous lifetime warranties were not transferable.
The change is effective with the start of the 2010 model year.