Chrysler introduces lifetime powertrain warranty

In a move designed to boost both sales and consumer confidence, Chrysler announced today that it will be offering a lifetime limited powertrain warranty on most new Chrysler, Dodge and Jeep models.

Although specific details weren't released, the warranty covers powertrain components: engine, transmission and drive system, according to Chrysler. The warranty is limited to the first buyer or lessee of a new Chrysler and cannot be transfered.

To continue the warranty, the owner must have the vehicle inspected at a dealership every five years - within 60 days of the anniversary. Chrysler says that the inspections will be free.

The lifetime powertrain warranty program begins with vehicles delivered tomorrow - July 26. Chrysler hasn't released specifically what vehicles apply for coverage other than saying that "most" Chrysler, Dodge and Jeep models will be covered.