User Tag List

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
Old 02-18-2009, 09:16 AM   #1
Mook's Avatar
 
Join Date: May 2007
Location: Elgin
Posts: 161,050
 
Mook's Avatar
 
Join Date: May 2007
Location: Elgin
Posts: 161,050
Casino cash: $205437000
36.00 per day
Default Camaro supplier sues GM right back

Quote:
The Cadence-and-Camaro saga continues. Cadence, which makes interior parts for the Camaro, declared bankruptcy last August. GM sued the supplier to recover the specialized tooling machines it could need in order to continue Camaro production - or will it need to have the machines made again. GM also refrained from paying Cadence $4.9 million that Cadence says it is owed for "parts, labor, and equipment."

Cadence has now countersued The General, not just to get the money, but because that money is an integral part of Cadence's liquidation plans. Without it, Cadence maintains there will be "substantial harm to Cadence's bankruptcy estate." The pre-production Camaros are already in the works, and we have no idea how this development will affect the production version of the car. This battle can't be good for either company, but it's especially bad news for all of the Camaro faithful who are patiently awaiting the return of their king.
__________________
- TCG Owner & Operator -
Mook is offline   Reply With Quote
Old 02-18-2009, 10:38 AM   #2
Freebeer187's Avatar
The Bolt Rounder
 
Join Date: Feb 2009
Location: Schaumburg
Posts: 5,334
The Bolt Rounder
 
Freebeer187's Avatar
 
Join Date: Feb 2009
Location: Schaumburg
Posts: 5,334
Casino cash: $6165117
1.38 per day
Default

legal fight!
Freebeer187 is offline   Reply With Quote
Old 02-18-2009, 12:17 PM   #3
Smoke's Avatar  
Join Date: Feb 2009
Posts: 632
 
Smoke's Avatar
 
Join Date: Feb 2009
Posts: 632
Casino cash: $4716100
0.16 per day
Default

Gm is 170 Billion in the hole.They may as well join hands as they walk into bankruptcy court.
__________________

Wise men lay up knowledge,but the mouth of the foolish is a present destruction -Proverbs 10:14
Smoke is offline   Reply With Quote
Old 02-18-2009, 01:17 PM   #4
KaMaSuTrA's Avatar
Resident Sexi Man
 
Join Date: Aug 2008
Location: Chicago IL
Posts: 1,485
Resident Sexi Man
 
KaMaSuTrA's Avatar
 
Join Date: Aug 2008
Location: Chicago IL
Posts: 1,485
Casino cash: $5202300
0.37 per day
Default

The new Camaro will require some assembly upon being purchased.
__________________
The Resident Sexi Man
KaMaSuTrA is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 07:34 AM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.6.0
User Alert System provided by Advanced User Tagging v3.0.6 (Lite) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
no new posts