2010 Chevrolet Camaro Production may Possibly be Stalled

All Chevrolet Camaro lovers can do is wait. After the teasers and the concepts, mass production of the car to meet its scheduled release date this year may be delayed because of an interior parts contractor that is not delivering.

GM sues Cadence Innovation which in turn sues H.S. Die & Engineering. GM demands that they need production from Cadence or the remake of the classic Camaro will be delayed. Cadence, on the other hand, has a legal battle with the engineering company that supplies the former of the tools it needs.

A case in a Delaware court was filed by Cadence citing that the tool’s supplier is breaching their agreement as the H.S. Die & Engineering demands full payment before turning over the tools to Cadence.

Cadence further clarifies that the agreement with the tools maker is that they don’t have the obligation to settle their bills until 60 days after a complete assembly of cars.

The production of the Camaro will be delayed if Cadence cannot get the tools it needs from H.S. Die. Looking for an alternative supplier also results to the same outcome.

GM will be building the new Camaro in its plant in Oshawa, Ontario.

Cadence filed for a bankruptcy protection last August 2008. It did not foresee any delays in the production since it intends to funds the ongoing projects from supplement capital resources in place.

The Camaro delay is another punch to Canada’s car industry which is feeling the pressure as the auto market in the United States worsens.