they left cadence and also left their equipment there, once again foresight>GM.
seriously though, what's a delay since it's only been a few years wait as is.
Cadence went bankrupt and is refusing to hand over equipment they dont own. GM didnt leave them, they closed up shop.
Nooooooooooooooooooooo!
hopefully the Camaro makes it out as scheduled!
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I remember reading aboot this recently, and you are probably right clyde. Isn't cadence the company that was in bankruptcy and the "middle" management of the company went out and found investors/buyers to bring them out of bankruptcy, but only contingent on GM maintaining their contract with them? When Cadence came to GM they were told, "meh, we got someone else to do it for us", and that was that.
I do not remember if that was in Nov or Dec but didn't Cadence file back in late Aug or early Sept? That is my reasoning for the "foresight>GM", this should have been handled 3-4 months ago, not on zero hour. Besides, when GM goes bankrupt, will they pay back their "loan"?
Oh well.
Camaro needs to happen theres wayyyy too many ppl waiting for this car, myself included but ill wait a year after they are out before i decide on one
1989 Turbo Trans Am #82, 2007 Cobalt SS G85
ToBoGgAn wrote:I remember reading aboot this recently, and you are probably right clyde. Isn't cadence the company that was in bankruptcy and the "middle" management of the company went out and found investors/buyers to bring them out of bankruptcy, but only contingent on GM maintaining their contract with them? When Cadence came to GM they were told, "meh, we got someone else to do it for us", and that was that.
I do not remember if that was in Nov or Dec but didn't Cadence file back in late Aug or early Sept? That is my reasoning for the "foresight>GM", this should have been handled 3-4 months ago, not on zero hour. Besides, when GM goes bankrupt, will they pay back their "loan"?
Oh well.
You are correct they were formerly Venture Inc. and they changed their name and everything. The company was ran like sh*t, everyone i know in in my area has at one time or another worked for Cadence/Venture and all say the same that company was horrid to work for and the employee turn is extremely high. A seniority employee usually has worked there for 5 months. GM has had them on their sh*t list since 2001 for producing poor quality products.
"Formerly known as Jammit - JBO member since 1998" JBOM | CSS.net
yeah i read about this a few days ago. sucks for gm. while they might not sell mas quantities of camaros, at this point ANY sales are a good thing.
How long until wagnor gets the boot and they put lutz in charge?
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Where I work:
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