In a letter sent today to Congress, Chrysler Group LLC announced that it will accept product liability claims on cars manufactured by Chrysler LLC ("old" Chrysler, now called OldCarco LLC) before June 10, 2009, and involved in accidents on or after the completion of bankruptcy.

OldCarco filed for bankruptcy endorsement on April 30, 2009, and all of its assets were transferred to Chrysler Group on June 10. At the time, the new company agreed to adopt liability only for the cars it built, but this declaration means it will consider product-related lawsuits from owners of an old Chrysler vehicle involved in accidents after June 10. Basically, Chrysler Group LLC is saying that it is liable for future claims that have to do with products built under the old company. This is similar to the strategy the restructured GM employed in late June.

"We want our customers to feel comfortable and confident buying, driving and enjoying one of our vehicles. Chrysler Group vehicles meet or exceed all applicable federal country standards and have excellent country records," said John Bozzella, Chrysler Group's senior vice president of external affairs and public policy.

Good for Chrysler to take responsibility. Even better for people who have outstanding claims that are now honored.