Earlier this year, common wisdom was that the Chevrolet Camaro Convertible had been canceled, or at least delayed indefinitely. Then word came in May that the car would see launch in the first quarter of 2011. Now that has been updated to the second quarter of 2011, but it's officially confirmed by General Motors as headed to production.

The financial troubles at GM had put the car in jeopardy, but now that the New GM is on its own two feet - with help from the government, of course - the company is moving ahead with production. The news comes by way of a special GM event being held this morning in Detroit, where HGM's own Marty Padgett is soaking up the details.

Despite the slightly-later-than-hoped-for release date, fans of the Camaro and convertibles in general will be glad to hear the American drop-top is officially going to see the light of day. Ever since its concept debut in 2007, the car's classic lines and modern touch have inspired desire in many a gearhead's fantasy garage. Now that fantasy can become a reality, and will for many.

Stay tuned for more news out of the GM event as it breaks.

-----------------------

Cruise the High Gear Media network! TheCarConnection for experts reviews of every new vehicle; MotorAuthority for luxury and performance-car news, reviews, and spy shots; GreenCarReports for news and reviews of the latest earth-friendly cars; CelebsandCars to see how the stars roll.