Chevrolet Camaro convertible on hold

Image by Getty Images via DaylifeIt wasn't a big surprise when Chrysler announced that it had nixed the idea to produce a Challenger convertible. The LX based coupe wasn't developed with a soft top in mind and it would have taken too much cash to beef up the chassis in order to remove the roof. And cash is in short supply for the big three nowadays.

Now Motor Trend is reporting that GM is delaying the release of the Camaro convertible for the same reasons. They will be delaying it's release for a year as the automaker tries to keep it's head above water. Spending money on a niche vehicle is a hard sell for GM when they're trying to get their hands on some federal bailout money, after all.