Does the 2012 Chevy Malibu have a timing belt or chain?

The 2012 Chevy Malibu came standard with a 2.4L 4Cylinder engine but higher end trims came standard with a 3.6L V6 engine. No matter which model You have they will both run on a timing chain system. If You end up needing to replace the chain on Your vehicle a full new kit will cost between $90 and $150. If You want to take it in to a shop the total of parts and labor will be between $400 and $800. It's unlikely Your chain will need to be replaced unless major damage occurs to it as these chains are built to last over 300,000 miles.