Parts Supplier Bankruptcy Could Delay Camaro Debut
The all new Chevrolet Camaro isn't the automobile that will make General Motors, but it definitely could turn out to be the 1 to break the automaker if issues with a main parts supplier manages to delay its February 17, 2009 introduction. Thanks to the August 2008 bankruptcy filing of Cadence Innovation, GM might not have a supplier obtainable to make door panels and other key components for Chevy's iconic pony automobile. As of this writing the supply organization is liquidating its assets although still possessing the equipment that GM loaned the firm to construct the required parts.
GM is suing Cadence in a bid to acquire Camaro particular tooling and parts from Cadence by January 12th to give to a new supplier who would supply finished parts to maintain the Camaro on schedule. Even a one day delay could cost the automaker millions of dollars as the company's Oshawa, Ontario assembly plant would be shut down until all Camaro components are in place.
In December 2008, GM received a enormous gift in the form of a 9.4 billion dollar loan package from the federal government. That package is expected to see GM by means of the next various months as the automaker brings new products to the market, including the Camaro, slashes costs, and restructures. If the Camaro is delayed it could impact the company's recovery, possibly forcing GM into federal ordered and guided bankruptcy.
The Chevrolet Camaro is 1 of various new models GM plans to release in 2009, passenger vehicles the automaker hopes will stem the company's sales slide which picked up steam in 2008 as gas prices rose and customers opted for smaller vehicles made the company's competitors. By late summer when credit began to dry up, GM faced yet another problem: buyers couldn't secure credit to buy a new vehicle, with tens of thousands of consumers locked out of the market.
Other vehicles that GM plans to debut in 2009 consist of the Cadillac SRX, Pontiac G3, Cadillac CTS coupe, Buick LaCrosse, and Chevrolet Equinox. No one model is expected to shake things up for GM, but collectively the automaker expects that its updated fleet will make the business competitive once again.
Nevertheless, auto parts supplier bankruptcies is something beyond anyone's control, something GM and other vehicle manufacturers might have to contend with throughout 2009 if the economy continues to press tough against the beleaguered automotive business. Intervention from the Obama Administration is feasible, but at what cost will the American taxpayer be willing to pay in order to keep the vehicle industry afloat?Oshawa used cars
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