Things Looking Up for GM
GM is making history, and for all the right reasons ... for the first time since 1993 the Camaro has outsold the Mustang. The 2010 model has sold 9,320 units comparted to the Mustang's 7,362 back in June. The Challenger is barely on the map-with just 1,369. So far it seems the only problem with the fifth-gen is actually purchasing one, as they are flying off lots so fast you can barely get a good look at it before placing an order. GM is parlaying its early success into the global realm by introducing the Camaro to the Middle East, kicked off by the official launch in Dubai.
A deal has been secured with Swedish supercar-maker Koenigsegg Group AB, the European Investement Bank (EIB), and the Swedish government to provide $600 million in funding to secure Saab's future. GM will continue to provide Saab with architecture and powertrain technology for a "defined time period." The sale secures the future of the Sweden-based brand, and its next generation of 9-5 models. The wheels are also in motion to transfer the Saturn brand's ownership, as the Penske Automotive Group seeks to expand its holdings-which is currently the second-largest publicly traded automotive retailer in the U.S. with 156 franchises. Little information was leaked about the sale of the Hummer brand, except that it is expected to be completed by the end of the third quarter (of this year). Meanwhile, as of July 10 the new GM has emerged from bankruptcy, and in a surprising move Bob Lutz has decided not to retire, and will remain with GM as a vice chairman responsible for all creative elements of products and customer relationships.
Let the games begin! Advanced Racing Dynamics in Houston was first out of the gate in adding a few bolt-ons, cam, torque converter, nitrous, and a custom tune to its Silver Ice 2010 SS, which (as of press time) has gone 11.29 at 122 mph. With several blown and turbocharged combatants right on his heels, including the MagnaCharged Hennessy HPE550 that has gone 11.67 at 121 mph, ARD plans to upgrade to an LSX-based 468-cid powerplant and retain its crown. We've gotten word on several 2010 Camaro builds, including Lingenfelter's development vehicle, which has been outfitted with an LS7-based 427-cid twin-turbo package currently estimated at 800 hp and 800 lb-ft. We can't wait to hear more from LPE, who also made waves running 10.03 at 141 mph in a modified (stock internal) ZR1.
GMHTP Project Car Updates
I am pleased to announce that GMHTP has a new project car in the works, spearheaded by "the new guy," Associate Editor Justin Cesler. The pile you see before you, resembling an '01 SS, has already begun its transformation in preparation for its official introduction. Justin purchased this "roller" locally, and thankfully the body is straight as an arrow, requiring only a few coats of paint and some assembly. Those of you looking to create your own import-killer that can handle as well as it accelerates better take notice. Meanwhile, our LT1 Formula has seen its maiden voyage down the old 1320 with its Dart-headed, Comp-cammed, RaceKrafters-built 355. Look elsewhere in this issue for the full story. Our emissions-legal build of Chris Werner's '99 SS is near complete, so stay tuned for the next few issues. We'll also be stepping up our budget 408 LS1 build with the help of RaceKrafters, and eventually implanting it into Werner's Bright Red '01 WS6. Those of you who remember Project Snow Ball, or just can't get enough third-gen tech, will soon be in for a special treat.
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