Warranties Being Slashed by GM

General Motors is dramatically cutting the warranty coverages on Chevrolet and GMC vehicles beginning with 2016 models.

Free scheduled maintenance and warranty coverage do not rank high as a reason to purchase a vehicle among buyers of luxury brands, said Steve Hill, GM North American VP.

As part of a broader marketing message, long term warranties can convey confidence, in quality and durability that improve brand perception and contribute to long term growth in sales, resale value and new car transaction prices.

The new Chevy and GMC warranties will be five years or 60,000 miles on the powertrains, including courtesy transportation and roadside assistance.  Here's more from USA Today!