"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."

Although the production version of the vehicle was not shown, GM said it would follow very closely the style of the 2006 Camaro Concept. GM confirmed the Camaro would be rear wheel drive, have an independent rear suspension, be offered with both V6 and V8 engines, and have available automatic and manual transmissions. GM is expected to show the production version of the vehicle in a massive debut at the 2010 North American International Auto Show.

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.”

Pricing or convertible availability has not been officially announced, but the new Camaro will be produced at the Oshawa Car Assembly manufacturing plant. 2,750 jobs would have been lost at the Oshawa manufacturing plant which had been originally scheduled to be closed in 2010; some of these jobs will be saved now due to the new Camaro's production (GM of Canada's president Arturo Elias couldn't give firm numbers). This new product program and conversion of the Oshawa plant to a state of the art flexible manufacturing facility represents a $740 million investment, with preparatory work beginning immediately.