Camaro supplier sues GM right back

[VH_Supra26]

by Jonathon Ramsey on Feb 18th 2009 at 7:58AM
http://www.blogcdn.com/www.autoblog.com/media/2009/02/gm_cadence4.jpg

The Cadence-and-Camaro saga continues. Cadence, which makes interior parts for the Camaro, declared bankruptcy last August. GM sued the supplier to recover the specialized tooling machines it could need in order to continue Camaro production - or will it need to have the machines made again. GM also refrained from paying Cadence $4.9 million that Cadence says it is owed for "parts, labor, and equipment."

Cadence has now countersued The General, not just to get the money, but because that money is an integral part of Cadence's liquidation plans. Without it, Cadence maintains there will be "substantial harm to Cadence's bankruptcy estate." The pre-production Camaros are already in the works, and we have no idea how this development will affect the production version of the car. This battle can't be good for either company, but it's especially bad news for all of the Camaro faithful who are patiently awaiting the return of their king.

All contents copyright © 2003-2009, Weblogs, Inc. All rights reserved

http://www.autoblog.com/2009/02/18/camaro-supplier-sues-gm-right-back/

[Agent S14]

I cant help but laugh.

[Replica]

The Camaro, it's coming, really.

[inferno14u]

They need to use any additional bailout money and outright buy the tooling from Cadence. They know that without the tooling, it is going to take them at least 6 more months to have another supplier make the parts instead which will push the Camaro release back until next year.

[al]

Chevrolet needs more tooling because Wagoner and Lutz don't tool enough

[iBoost]

Chevrolet needs more tooling because Wagoner and Lutz don't tool enough

enuf said.

[ceis_r]

By the time they get that thing on the streets is gonna be out dated.

[Agent S14]

got an email today that the car comes out exactly in one month.

[inferno14u]

got an email today that the car comes out exactly in one month.

I wouldn't hold your breath on that being true...as long as they don't have the tooling, the car can't be released. How everything is looking, there won't be a ruling for a couple of months and it'll be at least another month before it will arrive at dealers.

[RoMoCOP]

whats gonna happen? i look forward to this conclusion.

[Happy]

this is freaking retarded

[Vinnyman]

i can't help but laugh either because i personally think GM is a piece of shit, with the exception of the Vette and Camaro. :trill:

[Hames]

By the time they get that thing on the streets is gonna be out dated.

one came out to a meet in san antonio .
http://i480.photobucket.com/albums/rr167/rx79gez8gundam/13Feb2009052.jpg

i guess it was one of a couple pre production models . They'll be worth allot if GM doesn't figure something out.