General Motors has been forced to rework the investment case for the Chevrolet Camaro in the wake of new fuel-economy rules adopted this past December.
The Camaro will still be built, but higher-end V-8 versions likely will be priced higher than expected. As for other planned GM rear-drivers–a new Chevrolet Impala, Buick LaCrosse and the replacement for the Pontiac G8 due this spring–all have been dropped along with a new V-8 engine GM was contemplating building.
“You can’t kill something that was never approved,” said one GM official, who asked for anonymity but who confirmed the rear-wheel-drive projects are now dead.
Stew Low, a spokesman for GM of Canada, said the Camaro project is safe and is moving forward. The GM of Canada plant in Oshawa, Ontario outside of Toronto should be ready to build the first Camaro late this year, Low said.