RideLust

Fanboys rejoice (and for once, that includes us), the 2010 Chevy Camaro droptop has been revived. Last week, GM announced production of the 2010 Camaro droptop would indefinitely postponed as it appeared GM’s convertible-top supplier was in imminent danger of going under. Although tentatively citing 2011 as a future launch date, sources cautioned that finding a replacement supplier was easier said than done, and the Camaro convertible might very well find itself sharing garage space with the Dodge Challenger convertible. Thanks to the $5 billion-dollar Supplier Support Program hastily introduced by Congress last week, however, GM’s Germany-based supplier has been miraculously pulled from the brink of bankruptcy. With their supplier back on board, GM has once again moved the Camaro convertible to the front of the assembly line, but it’ll still have to wait its turn. Despite initial rumors of a summer 2010 drop date, GM doesn’t expect the new open-top Camaro to hit dealer lots until early 2011.

Unfortunately, although the Camaro convertible was saved from certain extinction, the super-performance 2010 Camaro Z28 was not. Shelved alongside the convertible, the complications with the Z28′s production schedule run much deeper than a simple supplier issue. Expected to receive a revised version of the Corvette ZR1′s supercharged V8, the Camaro Z28 has been heralded as critical to GM’s success in competing against the likes of the Shelby Mustang. With a production costs estimated at a staggering $50 million, however, GM can’t afford to breathe life back into the project and has confirmed that the Camaro Z28 will remain cancelled.