Parts,Supplier,Bankruptcy,Coul car Parts Supplier Bankruptcy Could Delay Camaro Debut
In the shape of the design, the Core wing broke through the traditional appearance of the other models, the Core-wing sense of movement and high-level sense of the high degree of balance, which must be improved, both in the interior styling General Lee: For such a TSP platform, indeed, is the test of the ability to integrate the same time, just She always has been mentioned in the business platform is a completely independent intellectual property platform and our platform is t
The all new Chevrolet Camaro isn't the car that will make GeneralMotors, but it certainly could become the one to break the automaker ifproblems with a major parts supplier manages to delay its February 17,2009 introduction. Thanks to the August 2008 bankruptcy filing ofCadence Innovation, GM may not have a supplier available to make doorpanels and other key components for Chevy's iconic pony car. As of thiswriting the supply company is liquidating its assets while stillpossessing the equipment that GM loaned the company to build the neededparts.GM is suing Cadence in a bid to acquire Camaro specifictooling and parts from Cadence by January 12th to give to a newsupplier who would provide finished parts to keep the Camaro onschedule. Even a one day delay could cost the automaker millions ofdollars as the company's Oshawa, Ontario assembly plant would be shutdown until all Camaro components are in place.In December 2008,GM received a huge gift in the form of a 9.4 billion dollar loanpackage from the federal government. That package is expected to see GMthrough the next several months as the automaker brings new products tothe market, including the Camaro, slashes costs, and restructures. Ifthe Camaro is delayed it could impact the company's recovery, possiblyforcing GM into federal ordered and guided bankruptcy.TheChevrolet Camaro is one of several new models GM plans to release in2009, passenger vehicles the automaker hopes will stem the company'ssales slide which picked up steam in 2008 as gas prices rose andconsumers opted for smaller vehicles made the company's competitors. Bylate summer when credit began to dry up, GM faced another problem:buyers couldn't secure credit to purchase a new vehicle, with tens ofthousands of consumers locked out of the market.Other vehiclesthat GM plans to debut in 2009 include the Cadillac SRX, Pontiac G3,Cadillac CTS coupe, Buick LaCrosse, and Chevrolet Equinox. No one modelis expected to shake things up for GM, but collectively the automakerexpects that its updated fleet will make the company competitive onceagain.However, auto parts supplier bankruptcies is somethingbeyond anyone's control, something GM and other car manufacturers mayhave to contend with throughout 2009 if the economy continues to presshard against the beleaguered automotive industry. Intervention from theObama Administration is possible, but at what cost will the Americantaxpayer be willing to pay in order to keep the car industry afloat? Article Tags: Parts Supplier
Parts,Supplier,Bankruptcy,Coul