The Chevrolet Camaro convertible and Z28 high performance variant’s launch has been postponed for an unknown period of time by General Motors.

According to sources, it has been done in order to save some cash. Camaro will be getting an addition of a four cylinder engine version that will be ready for shipment later this week.

Sneaking inside let us know that GM’s executives are hoping for the restore convertible to production plan. They are planning to launch it in 2010 with the Z28 following suit.

The production plans have only been delayed, but not canceled, as also been acknowledged by Terry Rhadigan, Chevrolet’s spokesman. He told that neither one has been outright got canceled.

The Camaro’s four cylinder engine’s production plans has been rolled back as Camaro did well on federal fuel economy tests whereas the gasoline prices ducked.

Vice Chairman Bob Lutz told last year that said GM was thinking for the same four cylinder engine to be installed in Camaro. Previously the four cylinder engine was used in the Pontiac Solstice and Saturn Sky roadsters by GM. This 4 cylinder is 2.0liter turbocharged direct injection engine that is rated at 260hp.

Along with the drop in fuel prices, GM has also observed that their own estimation of highway mileage rating that was 27mpg for the V6 Camaro. That vehicle was rated at 29mpg in highway driving by EPA last week. It has also been known that due to the strong fuel economy performance of the 3.6liter, 304hp V6 diminishes the attraction of a four cylinder engine.

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