Paul Eisenstein at The Detroit Bureau is reporting GM is shelving plans for a 570 HP Camaro Z28. The reason? It would be prohibitively expensive for GM at this time. With a program price around $50 million, the Z28 got the axe in favor of other efforts.

The bad news continues as the convertible, which was previously delayed a year, faces the collapse of the German supplier providing its convertible top. The unnamed source within GM went on to note, despite the bad news, there's still a desire by the program groups to build both of these cars; but it'll take significant engineering finagling to bring them to market for the right price. [The Detroit Bureau]

The hotted up 2010 Chevy Camaro SS version of Bumblebee was snapped either running from, or leading whatever 'bot the Chevy Beat will be playing on the set of Transformers: Revenge of the Fallen today in Philadelphia. Hopefully they don't run into the NYC 2009 Renault Laguna Coupe, because we're pretty sure the Renault would be a Decepticon, and nobody wants to see giant transforming robots fight. Oh wait. (Thanks Rueben)