It appears the global financial crisis has claimed another scalp, with news today that General Motors has reportedly axed plans to release a right-hand drive version of the Chevrolet Camaro. That means kiddos, we won't be seeing it here.
In addition, GM is expected to introduce fewer models than originally planned when the Camaro finally debuts on home soil, in the US spring just a month or so away.
Development of the manufacturing process and required tooling for the RHD models was already underway, but GM has decided to pull the pin in order to protect its dwindling cash reserves.
For now, GM has confirmed that it will export 100 - 50 coupes and 50 convertibles - LHD Camaros to the UK, just enough to meet the threshold to qualify for type-approval regulations.
Each of the 100 examples will powered by the 6.2 litre V8 engine - no V6 will be offered - and will sell for around ????35,000 (approx AUD $76,300). At this price, GM is confident it can still make a profit on the UK-delivered vehicles.
It's bad news for the Brits and equally bad news for Aussies hanging out for the Camaro. We'll be keeping an eye on this story, but it looks like our chances of seeing the Camaro locally have all but evaporated.