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.
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