GM reports 10,000 pre orders
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12-31-2008, 12:56 PM
#12
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10,000 pre-ordered. I know that sounds great, but GM still needs to sell some 8,000+ a month for the rest of the year to break even at 80,000 Camaros sold. And with 2009 supposed be to worse for the auto industry, I'm really crossing my fingers for the Camaro
12-31-2008, 02:35 PM
#13
I don't know if it's truly supposed to be worse.
There are actions being put in place right now to help people get more credit/financing, people who didn't buy in 2008 (and there were PLENTY that didn't buy) that will be needing/wanting new vehicles as well as fuel prices coming down could actually mean some recovery in 2009. Certainly not going to be a great sales year by any means but I'm thinking it could be at least a little better, maybe.
There are actions being put in place right now to help people get more credit/financing, people who didn't buy in 2008 (and there were PLENTY that didn't buy) that will be needing/wanting new vehicles as well as fuel prices coming down could actually mean some recovery in 2009. Certainly not going to be a great sales year by any means but I'm thinking it could be at least a little better, maybe.
Last edited by LS1LT1; 01-01-2009 at 01:21 AM.
01-03-2009, 01:47 PM
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man the camaro is going to be all over the place, and i really don't want one cause i like mine better. plus the payment is less than a new one. before long the market will b e flooded with them and they will be cheap as dirt. like a Ford Escort.
01-05-2009, 11:06 AM
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December 27, 2008
General Motors has spent millions of dollars developing and marketing its 2010 Chevrolet Camaro, which is scheduled to go into production in February. But the bankruptcy of an interior parts supplier is threatening to delay the pony car, which isn’t just bad news for GM, but could have a ripple effect on dealers and even other suppliers.
In an effort to prevent a delay of the new Camaro, GM has filed a lawsuit against Cadence Innovation LLC, accusing the company of “holding hostage” the parts it needs to put the car into production. The suit demands Cadence immediately hand over the parts and equipment required for a new supplier to take over. GM says it needs to have a new supplier in place by January 12th, or it will not be able to begin production of the Camaro on schedule.
“Even 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,” the lawsuit states.
As is typical of a supplier-automaker relationship, GM provided Cadence with machines to manufacture the interior parts it needs. Although automakers usually retain ownership of such equipment, it’s not unheard of that a defunct supplier will fail to return the machines and tools to said automaker. This was the case with Plastech, which refused to return equipment to Chrysler several months ago.
It is not clear if Cadence — which entered Chapter 11 bankruptcy in August and Chapter 7 liquidation more recently — is behaving similarly to Plastech, or if the complexity of the bankruptcy process is to blame. In any case, GM literally can’t afford to have a product as important as the Camaro delayed, so this will be a very interesting case to follow in the coming days and weeks.
http://www.fquick.com/blog/GM_sues_s...ion_going/2604
General Motors has spent millions of dollars developing and marketing its 2010 Chevrolet Camaro, which is scheduled to go into production in February. But the bankruptcy of an interior parts supplier is threatening to delay the pony car, which isn’t just bad news for GM, but could have a ripple effect on dealers and even other suppliers.
In an effort to prevent a delay of the new Camaro, GM has filed a lawsuit against Cadence Innovation LLC, accusing the company of “holding hostage” the parts it needs to put the car into production. The suit demands Cadence immediately hand over the parts and equipment required for a new supplier to take over. GM says it needs to have a new supplier in place by January 12th, or it will not be able to begin production of the Camaro on schedule.
“Even 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,” the lawsuit states.
As is typical of a supplier-automaker relationship, GM provided Cadence with machines to manufacture the interior parts it needs. Although automakers usually retain ownership of such equipment, it’s not unheard of that a defunct supplier will fail to return the machines and tools to said automaker. This was the case with Plastech, which refused to return equipment to Chrysler several months ago.
It is not clear if Cadence — which entered Chapter 11 bankruptcy in August and Chapter 7 liquidation more recently — is behaving similarly to Plastech, or if the complexity of the bankruptcy process is to blame. In any case, GM literally can’t afford to have a product as important as the Camaro delayed, so this will be a very interesting case to follow in the coming days and weeks.
http://www.fquick.com/blog/GM_sues_s...ion_going/2604