Chrysler Reveals 70,000-Mile and 7-Year Warranties

Chrysler announced Saturday that it would extend warranties on new trucks and cars to seven years or 70,000 miles, exceeding those announced recently by its competitors.

The new warranty includes a seven-year or 70,000-mile powertrain warranty and a seven-year or 100,000-mile guarantee against outer-body rust damage, the company said.

“We went to five years and 50,000 miles five years ago, because we had the product quality to back it up. We’re now going up another 40% for the same reason,” Chrysler Chairman Lee Iacocca said.

Ford Motor Corp. announced a six-year or 60,000-mile warranty on the powertrain and a six-year, 100,000-mile corrosion warranty on 1987 models Monday, matching one announced by General Motors three days earlier.

Both GM’s and Ford’s warranties cover cars sold in the 1987 model year.