The new Camaro has received a lot of buzz and attention since the concept was unveiled several years ago. Chevrolet dealerships began taking pre-orders on the Camaro in October, and since then GM has received over 10,000 orders for the upcoming Camaro, making it one of the most highly anticipated cars of 2009. Even with GM in the brink of bankruptcy, there are still many loyal customers ready and willing to take delivery of the resurrected muscle car. However, even as things look up for the new Camaro, GM is struggling with supplier problems that could eventually force a delay on the delivery of the first cars.
The first Camaros’ are slated for delivery in February, but they may not the delivery date because Cadence Innovation, who was to supply the interiors, went bankrupt back in August. Cadence is in the process of liquidating their assets, among them the machines used to tool the Camaro interiors. GM has gone so far as to sue Cadence to retrieve the machines, which they claim were theirs in the first place and never should have been considered part of Cadence’s assets. If GM were unable to recover the tooling equipment, they would then have to rebuild the machines and find a new supplier, which would cost them a substantial amount (and it might even affect the MSRP of the new Camaro). Hopefully, GM will be able to resolve these issues amicably by January 12th, the date of no return according to the General for making the February due date.
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