According to our good friends over at Autoblog, the contract to award the Convertible Top Mechanism went to Magna Car Top Group. The contract was awarded to Magna after the initial contractor, Edscha AG, filed for insolvency, according to Automotive News. This is an attempt to keep the Camaro moving forward, and to keep the Retro Chevy fresh in the marketplace.
Apparently there’s no hard feelings over the fact that The Magna Group wanted to purchase Opel from General Motors late last year, but GM decided to keep it. Magna will reportedly build the Camaro tops at GM’s Corvette plant in Bowling Green, Kentucky with materials from Mexico.
The 20,000 unit target was chosen because Chevy’s cross town rival, the Ford Mustang has the same goal. The number sounds ambitious because there were only 50,000 convertibles sold last year, down from over 200,000 units only four years ago.