Calling the Pontiac G8 "Too good to waste," GM's new product boss, Bob Lutz, has just announced that the car will live on, rebadged as a Chevrolet Caprice. The news comes as a surprise, considering GM's CEO Fritz Henderson has been unwavering in his insistence that the car would be eliminated from the New GM.
Apparently part of the reason for the move is due to the fact that GM has an internal agreement with Holden, the Australian arm of the company that makes and sells the car as the Commodore in its home market. Currently GM sells the Comodore in markets like the middle east badged as a Chevy.
Lutz did not say if the new body style would be available for the U.S. market by 2010, of if consumers would have to wait until 2011.
So while GM looks to pave a new future full of green cars, it appears as though old-man-Lutz still wants General Motors to build cars for performance enthusiasts. He even said that a high-performance "V" version of the upcoming Cadillac CTS Coupe is still a possibility.
In addition, Lutz even commented that a "V" version of the Cadillac CTS Sport Wagon was not completely out of the question. "I'm sure we'll build at least one," he said.
More: Report: Pontiac G8 to Live On as Chevrolet Caprice on AutoGuide.com