Last March, GM confirmed all the negative rumors that surrounding the 2010 Camaro’s comeback when they announced that the high performance Camaro Z28 was dead in the water. Despite the fact that it was deemed crucial in order to compete with the Shelby GT500, GM didn’t have a spare $50 million to foot the production costs and the Z28 was said to be permanently shelved. Since then, countless tuning firms have stepped up to fill the gaping void, turning the age old Chevy v. Ford rivalry into a veritable gold mine and apparently leading GM to think they may have acted in haste.
According to Inside Line, GM VP of global design Ed Welburn privately confirmed that the General is ready to blow off what little dust had collected on the Z28 and send it back to the assembly line. Unfortunately, although the body work is finished some kinks in the powertrain mean it won’t hit dealer lots until 2011 at the earliest. When it does, it will feature the CTS-V’s menacing 556-horsepower 6.2L supercharged V8 under the enlarged hood and the choice between a 6-speed manual or automatic transmission (the latter which is clue #63 that a business man, rather than a car man, is running GM). Pricing and lap times are obviously still under wraps, but we expect the final numbers to put the Mustang on notice.