The Chevrolet Camaro is one of a handful of new products that has the potential to create some buzz for the ailing automaker, but one GM’s Camaro supplier is turning out to be just that – a real handful. Auto supplier Candence was charged with supplying interior parts for the upcoming pony car, but was forced into Chapter 11 bankruptcy last August. That quickly resulted in a lawsuit from GM, which Candence has now followed with a countersuit.
Candence’s lawsuit against GM claims the Detroit automaker owes it $4.9 million for parts, labor and equipment, according to Reuters. Troy, Michigan-based Candence – which is now in Chapter 7 liquidation – says that GM’s failure to pay could disrupt its bankruptcy process.
“GM’s breach of contract will result in substantial harm to Cadence’s bankruptcy estate, which is dependent on the funds that GM must pay to Cadence to confirm a plan in its bankruptcy case,” the parts supplier said in a statement.
Per a previous October ruling, GM is required to pay Candence on an expedited schedule for parts and services, on account of its bankruptcy filing.
02/18, 12:39 PM
posted by:
idrinorbarsaku
i say fnck them for screwing GM in the first place!
02/18, 12:45 PM
posted by:
desertdriver
I like the new Camaro, but I definitely will not consider acquiring one from the first year of production. Maybe the 4th year. It should get a refresh from then and the bugs should be worked out.
02/18, 12:47 PM
posted by:
idrinorbarsaku
definitely!
02/18, 12:50 PM
posted by:
DCG3
wow this is bull
02/18, 1:00 PM
posted by:
Borat
Not to worry: we’ll pay both of them. What’s 5 mills? We are not talking real money here.
Signed: US Congress
02/18, 1:15 PM
posted by:
Blakkarr
“You get your money when we have it. Why the devil do you think we got that credit and loans? Now where are those parts!?” -GM
desertdriver,
GM has it’s glitches, this won’t be one of them. If you are going to wait, wait a year not four. Otherwise, you are just contradicting yourself saying you want one but you’ll wait.
GM needs this car to “go off without a hitch” and so they are not going to pull the same crap that did in the 1980s and much of the 1990s. The Camaro is going to be a great car for early adopters.
Just be mindful of the warranty and learn to fix it yourself. I know people who do not have the slightest idea how to add water to the radiator or check their own oil. The only indestructible car is a VG car. Everything else needs repairs and services sooner or later.
02/18, 1:32 PM
posted by:
TomF
Presumably the company went bankrupt because GM wouldn’t pay its tab, so for GM to sue them now is pretty ballsy.
02/18, 1:59 PM
posted by:
Frank
How much more retarded is GM going to get. F&$@)) GENERAL MOTORS
02/18, 2:37 PM
posted by:
Borat
Frank, you are right. It is the bottom of the barrel.
02/18, 2:53 PM
posted by:
danzman
So how does it work when you sue a company that has no money to begin with..
02/18, 4:02 PM
posted by:
Kallen33125
whoa, idrinorbarsaku actually said something that makes sense and wasnt stupid for once
02/18, 4:03 PM
posted by:
Kallen33125
frank, go f u ck urself
02/18, 4:04 PM
posted by:
Kallen33125
wtf! as if GM doesnt already have enough money problems! now they have 2 deal with this crap!
02/18, 4:45 PM
posted by:
Frank
F$*@_ you and GM.
GM should die already and stop taking people’s money. Kallen33125, if you are defending GM you are as dumb they are.
02/18, 5:04 PM
posted by:
mulletmaster
Kallen=the new NMOFGM
02/18, 5:05 PM
posted by:
idrinorbarsaku
Kallen33125,
You need to be banned. All you do is argue against members and go totally off topic to these posts. Either comment on the post topic or SHUT THE FNCK UP!!!!
02/18, 5:54 PM
posted by:
Need more oil for GM is an idiot
I dont think they will get any money haha
02/18, 7:00 PM
posted by:
Frank
GM just dumped their High Performance Team. Which means bye bye Super Sports. (For Now)
02/19, 12:21 AM
posted by:
3deuce27
Re; ‘idrinorbarsaku’ ……> Who screwed GM…?
Re; ‘desertdriver’ ……….> “Fourth year” (?) Are you out to lunch. You will be lucky to get delivery on the first year. No interiors as it stands now.
Re; ‘Kallen33125′ ………..> “whoa, idrinorbarsaku actually said something that makes sense and wasnt stupid for once” ……… Not a chance of that. ‘idrinorbarsaku’s’ attention span is shorter then a two year old’s, and his prejudice colors everything says. Almost used ‘Thinks!’ Whew!
Re; idrinorbarsaku
Kallen33125,
You need to be banned. All you do is argue against members and go totally off topic to these posts. Either comment on the post topic or SHUT THE FNCK UP!!!!
‘idrinorbarsaku’…..> Ou new Policeman & Enforcer….. all kneel down….Now!
Jeezus! What a Sandbox
02/19, 12:34 PM
posted by:
yarddog82abn
Why do I have the filling this new Camaro is going to fall apart as soon as they dive off dealer showroom floors…..
02/20, 12:33 AM
posted by:
elviososa
good….I am going to sue the government to loan the tax payers’ monies to the car factories. Who wants to join me??
02/20, 5:24 AM
posted by:
fan
poor cadence… i guess their never gonna see the money gm owes them… wheres the loan to cadence to help rescue their company… government screws the taxpayer, along with small and midsize companies, just to help those phonies in the big enterprises…
02/22, 1:26 PM
posted by:
idrinorbarsaku
hahhhaaaaaaaaaaaaaaaaaaaaaaaaaaaaa