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Old 12-29-2008, 10:17 AM   #101
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Cadence had a tough time with the complicated IP for this car. They have tons of money and time involved in perfecting the tooling. They had guys working 20 hours a day months ago.....no new supplier is going to be able to duplicate that on a timely basis. There was more than one buyer "interested" in the company, but none of them wanted to get into a bidding war. They are not only going bankrupt...they are past that and in liquidation. There are time frames the bank has to meet before they can start selling off the assets. The employees are all gone...the building is empty of employees. It was a big operation too. The only thing thats going to get this moving again is GM forking over some big money to Cadence. No court is going to be able to get GM their tooling by January 12th.

Nice analysis. I'm not in the car biz, but I can't see how there won't be at least a 2 month delay, and that could easily stretch to 4-6 months. I'm glad some of you are so optimistic, I just don't see this being quickly resolved. But I hope I am wrong!
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Old 12-29-2008, 10:20 AM   #102
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If this were a non issue, we would have been told so. We haven't, so it must be! Don't expect to see your camaro any time soon......
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Old 12-29-2008, 10:22 AM   #103
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If this were a non issue, we would have been told so. We haven't, so it must be! Don't expect to see your camaro any time soon......
ah, the sky is falling.
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Old 12-29-2008, 10:24 AM   #104
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Hmm, not falling in my town.
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Old 12-29-2008, 10:27 AM   #105
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I am not by any means a negative person, just a realist. I think this is a problem, to me it means one of two things. 1) No ABL 2) Some lengthy delays. I hope we find out something soon, may have to inform some customers.:( It has been said before it will still be worth the wait for us, but maybe to the rest of the public, it may not be.
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Old 12-29-2008, 10:29 AM   #106
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I think the GM hush hush routine of late is due to the fact that they don't really know what the outcome will be. After having been here for a year now. I've seen Scott make a post and it quickly becomes twisted and blown out of proportion for both good news and bad. So, I can understand that they don't want to create a false expectation. I would remain quiet until I knew for sure. Sometimes its better to just wait and see....
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Old 12-29-2008, 10:55 AM   #107
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Well I'm glad I have at least 3 or more years now for GM to figure everything out. Hopefully by then there will be no bankruptcy fears, delays, HUD will be available and maybe even a Z28 although I'm looking more now for the Camaro as a second car so we'll see.

Hope all of you early adopters are able to get your Camaro's.
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Old 12-29-2008, 11:00 AM   #108
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Old 12-29-2008, 11:06 AM   #109
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We have been told repeatedly that there will be NO DELAY and production will start as scheduled on Feb 16th. Why should we doubt that???
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Old 12-29-2008, 11:09 AM   #110
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Quote:
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We have been told repeatedly that there will be NO DELAY and production will start as scheduled on Feb 16th. Why should we doubt that???
Tom,
I am not saying that you wrong, but the NO DELAY comments were made previous to this news.
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Old 12-29-2008, 11:23 AM   #111
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I had to edit my earlier post...there are some vehicles in the parking lot....just not anywhere near the normal amount.
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Old 12-29-2008, 12:36 PM   #112
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Tom,
I am not saying that you wrong, but the NO DELAY comments were made previous to this news.
You are correct and I stand corrected. I'm not getting a warm fuzzy after reading this -
http://www.autoweek.com/article/20081229/FREE/812299991

I fear my son may get shafted and I'm the one who talked him out of a Honda Accord V6 coupe.
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Old 12-29-2008, 12:57 PM   #113
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You are correct and I stand corrected. I'm not getting a warm fuzzy after reading this -
http://www.autoweek.com/article/20081229/FREE/812299991

I fear my son may get shafted and I'm the one who talked him out of a Honda Accord V6 coupe.
I feel a little better now, I thought that supplier had produced all the equipment and machines. Sounds like they are trying to blackmail GM and thats way easier to resolve than starting from scratch.

I'm going to go out on a limb here and say this will not delay the Camaro. Remember where you heard it from first.
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Old 12-29-2008, 01:19 PM   #114
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Long time lurker, first time poster here. I wish you guys all the best in getting your new Camaros. It is such a sweet car and I hope they still arrive, as scheduled. Unfortunately, you probably have a better chance of meeting Jesus Christ than you do of actually taking delivery of a 2010 Camaro.

The Camaro Will be done, my son. JC

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Old 12-29-2008, 01:25 PM   #115
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Long time lurker, first time poster here. I wish you guys all the best in getting your new Camaros. It is such a sweet car and I hope they still arrive, as scheduled. Unfortunately, you probably have a better chance of meeting Jesus Christ than you do of actually taking delivery of a 2010 Camaro.
I hope my chance of meeting Jesus Christ will be that high...
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Old 12-29-2008, 01:32 PM   #116
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I hope my chance of meeting Jesus Christ will be that high...


Amen.

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Old 12-29-2008, 01:33 PM   #117
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I think the GM hush hush routine of late is due to the fact that they don't really know what the outcome will be. After having been here for a year now. I've seen Scott make a post and it quickly becomes twisted and blown out of proportion for both good news and bad. So, I can understand that they don't want to create a false expectation. I would remain quiet until I knew for sure. Sometimes its better to just wait and see....
The GM hush hush of late is because they have nearly everyone in the company (including camaro HQ on 12th floor of the RenCen) on an extended holiday shut down. It started for lots of admin people in mid december. Theres nobody working that CAN answer a question right now. I'm sure the issues we are discussing now are at the top of everyone's list for when they get back to work.
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Old 12-29-2008, 01:34 PM   #118
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^ Sure,

I was more thinking along the lines of an online or blog answer. Not necessarily an official GM Press release.
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Old 12-29-2008, 01:36 PM   #119
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Quote:
Originally Posted by Albeeno View Post
Long time lurker, first time poster here. I wish you guys all the best in getting your new Camaros. It is such a sweet car and I hope they still arrive, as scheduled. Unfortunately, you probably have a better chance of meeting Jesus Christ than you do of actually taking delivery of a 2010 Camaro.
Welcome to the site.



Not trolling I hope.
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Old 12-29-2008, 01:47 PM   #120
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From the WSJ - http://online.wsj.com/article/SB123032162988835835.html
"Access to company-owned equipment is an ongoing battle for auto makers when suppliers file for Chapter 11 bankruptcy protection. Chrysler LLC sought and was denied access to equipment when Plastech Corp. filed for bankruptcy earlier this year."

And GM wants/needs this eq by Jan 12th???? BTW who's the new supplier if/when they get hold of this eq?? You mean they can get all this in place, train the new folks and be up and running producing quality parts by Jan 12th???

Who thinks this is possible???
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Old 12-29-2008, 02:47 PM   #121
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Supplier MAY delay Camaro

This from Autoweek

http://www.autoweek.com/article/20081229/FREE/812299991

Supplier spat may stall launch of Camaro production
By DALE JEWETT

2010 Chevrolet CamaroAfter months of teasing us with pictures, concepts and finally the real thing, all that’s left for the new Chevrolet Camaro is to crank up the assembly line so the car can hit the road next year.

But there may be a little glitch.

GM is suing Cadence Innovation, a bankrupt interior parts supplier that is liquidating, to get back parts and equipment it needs for the Camaro.

In standard industry practice, GM handed over the parts and machines to Cadence to make the Camaro parts.

But even though Cadence is going out of business, it hasn’t been in a hurry to return the equipment, as some company managers have tried to engineer a buyout to keep the firm going.

GM says that if it doesn’t get the production equipment back by Jan. 12, the start of Camaro production will be delayed.

And that won't be good news to the Camaro faithful--especially those who have a car on order.
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Old 12-29-2008, 02:49 PM   #122
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Key word there, "MAY", I'm gonna start beatin people if that is even remotely true.
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Old 12-29-2008, 02:54 PM   #123
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Someone posted it earlier...

It looks like they are bending GM over a barrel to get money to keep their company (cadence) alive. Using the camaro launch as leverage...

Not Cool.
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Old 12-29-2008, 02:58 PM   #124
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GM sues supplier to save Camaro

Here is an interesting article I read last week.




GM Sues Bankrupt Supplier to Save Camaro

Posted Today 06:15 AM by Joshua Duval
Category: News



GM has filed a lawsuit against one if its suppliers, Cadence Innovation, which makes door trim, instrument panels and airbag covers. Cadence filed for bankruptcy protection in August, but decided this month to liquidate instead of trying to sell itself.


GM filed the lawsuit in the U.S. Bankruptcy Court in Delaware, asking the court to grant it access to Cadence's facilities. According to the General, the Cadence is holding hostage equipment necessary to the timely launch of the upcoming Chevrolet Camaro. Without immediate access to the tooling Cadence is holding, GM says vehicle assembly operations could be interrupted because it does not have enough parts on hand.

"Every one day's disruption in supply of certain component parts could cause a shutdown of GM assembly operations, disrupting not only GM's business, but the operations of countless suppliers, dealers, customers and other stakeholders," GM said in its complaint. The automaker said such a shut down would cost millions of dollars per plant per day.

GM says it had an accommodation agreement with Cadence that requires the supplier to continue manufacturing parts and providing tooling and equipment. We can only hope GM and Cadence can iron things out so the 2010 Chevrolet Camaro launch plays out smoothly - GM (and taxpayers) can't afford a new fiasco.



NOT what we wanted to hear guys!
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Old 12-29-2008, 03:05 PM   #125
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Merged the last couple new threads on the same topic.

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