NATION

NATION

GM sues bankrupt supplier of parts related to Camaro

DETROIT — General Motors Corp. is suing a bankrupt automotive supplier for immediate access to specialized parts and equipment, arguing that a delay would hamper the launch of its new Chevrolet Camaro, disrupt assembly operations and cause millions of dollars in damages it can ill afford.

In a filing with the U.S. Bankruptcy Court in Delaware on Christmas Eve, GM accused Cadence Innovation LLC of Troy, Mich., of “holding hostage” the parts and tooling equipment it needs and breaching the terms of an agreement it signed with the automaker in August.

Cadence, which GM once hailed as its 2006 supplier of the year, filed for Chapter 11 bankruptcy in August, which became a liquidation proceeding earlier this month. The automotive supplier makes door panels, airbag covers, consoles and other parts.

Wal-Mart to add iPhone to inventory Sunday

BENTONVILLE, Ark. — Wal-Mart will start selling Apple’s popular iPhone on Sunday, the chain said, confirming earlier reports by employees.

Bentonville-based Wal-Mart Stores Inc. will become the second independent retail chain after Best Buy Inc. to sell the phone. It is also sold at Apple Inc. and AT&T Inc. stores.

Wal-Mart will sell the phones for $2 less than the regular price with a two-year contract: $197 for the 8-gigabyte model, or $297 for the 16-gigabyte model. Best Buy is discounting the phone by $9.

Associated Press