Following a lrecent report that GM’s plans for a high-performance Camaro Z28 had been canceled and the Camaro Convertible was on hold, comes a little good news but also some bad. The good news is that the Convertible is back on track for a March 2011 launch, while the bad news – you guessed it – is that the Z28 is looking less and less likely to ever come to fruition.

Cost cutting at GM and fears that the German supplier of the Camaro Convertible’s roof mechanism was about to go under led to last week’s claims that the car was put on hold indefinitely. However, the supplier in question is still in business and has a new agreement signed with GM.

Furthermore, GM spokesman Terry Rhadigan has confirmed to Automotive News that production of the highly anticipated drop-top is scheduled to start in the first quarter of 2011. He went on to concede that this will be a few months later than the originally planned late 2010 launch.
"We always thought it would be one year after the coupe," he said. "Instead we are going two."

As for the Z28, GM was planning to add the 550hp (410kW) 6.2L V8 engine from the Cadillac CTS-V to the Camaro’s engine bay in an effort to destroy any chances of the Dodge Challenger SRT8 and Shelby Mustang GT claiming the title of ‘modern-day muscle car king’. Sadly, the Z28’s expected $50 million development price tag, impending 35.5mpg CAFE implications, and niche status meant it was virtually dead from the start.