Quote:
Originally Posted by camaro5
Challenger production was stopped due to lack of parts from suppliers who did not get paid, and they don't know if they will be paid in the future.
Absolutely caused by bankruptcy chapter 11.
The bankruptcy judge had to approve expedited payment, rather than wait for the normal chapter 11 procedures which take 30-60 days minimum.
There will still be a delay in parts supply, until they get the cash, make the parts, ship them to Brampton.
I hope GM is learning from this, and is preparing to keep Camaro parts suppliers paid and content.
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I stand corrected. Didn't the gov't just loan out 5 billion to suppliers, or something like that?