FOR RELEASE: 2006-08-10

Auto Buyers Have Spoken: GM Will Build An All-New Chevrolet Camaro

Next generation of classic sport coupe goes into production in late
2008, on sale in 2009; will be almost identical to wildly popular
concept unveiled at NAIAS




TRAVERSE CITY, Mich. - Dear sports car fans: General Motors heard you
loud and clear.

GM Chairman and CEO Rick Wagoner announced today that GM will build an
all-new version of the Chevrolet Camaro sport coupe based on the
award-winning concept that stole the spotlight at the North American
International Auto Show and has ignited the passion of car enthusiasts
around the world ever since - even spurring consumers to start petition
drives and send in certified checks in hopes of placing early deposits.

"The overwhelmingly enthusiastic response to the Camaro Concept
continues to remind me of the uniquely iconic place our products can
have in customers' hearts," Wagoner said. "Camaro is much more than a
car; it symbolizes America's spirit and its love affair with the
automobile."

The all-new Camaro will begin with early production versions at the end
of 2008 and will go on sale in the first quarter of 2009. "The new
Camaro will be almost identical to the concept, a thoroughly modern
interpretation of the 1969 model, considered by many to be the best
design of the car's first generation," said Ed Welburn, GM's global vice
president of design, who owns a 1969 Camaro SS. The front-engine,
rear-wheel-drive sport coupe will feature an independent rear
suspension, and will be offered in a variety of models with the choice
of manual and automatic transmissions and V-6 and V-8 engines.

Chevrolet General Manager Ed Peper said the new Camaro will appeal to
both men and women, and unite customers with fond memories of previous
Camaros with those who first experienced a Camaro when the concept was
unveiled in January.

"We intend to make the all-new Camaro relevant to younger buyers while
retaining its appeal to current fans," said Peper. "The beauty of the
best Camaros is that they have always been beautiful to look at with
performance that rivals expensive European GTs. Yet they were practical
enough to drive every day and priced within the reach of many new-car
buyers."

In fact, the Camaro Concept design team embodies the universal appeal
that Chevy envisions for the car: The core team reporting to the lead
designer ranges in age from 27-35 and came from all over the world, yet
they all had similar experiences growing up with a love for the Camaro
and American performance cars. Their concept redefines the Camaro for
both existing and new generations of fans in a contemporary way with
responsive performance and modern technology.

Peper said Camaro will complement Chevy's already-popular portfolio of
performance vehicles led by Corvette and including its broad SS lineup.

An American icon
The Camaro has touched many lives - and graced many garages - with
nearly 4.8 million produced between 1967 and 2002. More than 1,000
Camaro clubs exist globally, and thousands of Camaro web sites pay
homage to the sports coupe. A recent report on America Online's Top
Searches of 2005 placed Camaro in the Top 10 car searches for the year.

About Chevrolet
Chevrolet is America's No. 1-selling automotive brand. With the largest
dealer network in the United States, Chevy is the leader in full-size
trucks and the leader in sales of vehicles priced $35,000 and above.
Chevrolet delivers more-than-expected value in every vehicle category,
offering cars and trucks priced from $9,995 to $78,175. Chevy delivers
expressive design, spirited performance and great value with standard
features usually found only on more expensive vehicles. For more
information on Chevy cars and trucks, please visit Automobiles by Chevrolet: Chevy cars, Trucks, SUVs and more.

About General Motors
General Motors Corp. (NYSE: GM), the world's largest automaker, has been
the global industry sales leader for 75 years. Founded in 1908, GM today
employs about 327,000 people around the world. With global headquarters
in Detroit, GM manufactures its cars and trucks in 33 countries. In
2005, 9.17 million GM cars and trucks were sold globally under the
following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden,
HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. GM operates one of the
world's leading finance companies, GMAC Financial Services, which offers
automotive, residential and commercial financing and insurance. GM's
OnStar subsidiary is the industry leader in vehicle safety, security and
information services. More information on GM can be found at GM Cars - General Motors Corporate Website - GM Customer Service.

 

Unfortunately this is too late. Ford is killing GM with the new Mustang. The GTO was DOA as far as I was concerned. The most frustrating part was just as I was able to afford a new Firehawk they stopped making them. Thanks GM.

I am looking to get an SVT Shelby or Z06 if I can ever find one for a reasonable price. Here again is the problem. The SVT car has the performance of the vette at 42k. Unfortunately the dealera will mark this up to vette pricing levels.