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. 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? 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.4 billion dollar loanpackage from the federal government. Ifthe Camaro is delayed it could impact the company's recovery, possiblyforcing air dryer Manufacturers GM into federal ordered and guided bankruptcy.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.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.In December 2008,GM received a huge gift in the form of a 9.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. As of thiswriting the supply company is liquidating its assets while stillpossessing the equipment that GM loaned the company to build the neededparts. No one modelis expected to shake things up for GM, but collectively the automakerexpects that its updated fleet will make the company competitive onceagain.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.Other vehiclesthat GM plans to debut in 2009 include the Cadillac SRX, Pontiac G3,Cadillac CTS coupe, Buick LaCrosse, and Chevrolet Equinox





