June 21, 2002
Australian-built Pontiac GTO will go on sale late 2003
Detroit, Michigan – GM’s Pontiac division confirmed that a new GTO, a version of GM Australia’s Holden Monaro, will go on sale in late 2003 as a 2004 model. Up to 18,000 GTO’s will be produced annually at Holden’s Elizabeth, Australia plant and imported for sale in North America.
Bob Lutz, chairman of GM’s North American Operations, was a key player in bringing back the GTO. After he drove the Holden Monaro during a recent trip to Australia, he decided it would be the right vehicle to serve as the basis for a new GTO. “I love driving this car,” Lutz said, “It shares that V8 heritage and a brawny, muscular stance with the classic GTO, and it will make a fine flagship for Pontiac.”
The addition of the 2004 GTO to the Pontiac lineup is another step towards giving Pontiac a more contemporary image.
“We want to focus on creating vehicles with a clean, fresh expression of Pontiac styling and provide our customers with a ‘total performance’ package that delivers both impressive power and superior handling,” said Lynn Myers, Pontiac-GMC general manager.
“In the 2003 model year, we have the all-new Vibe and the fresh look of the restyled Sunfire and Grand Am SE. We are following that with the redesigned 2004 Grand Prix in the first quarter of 2003,” said Myers. “The introduction of the new GTO in late 2003 will be the ‘exclamation point’ on the exciting evolution of the division, moving Pontiac performance to the next level.”
The 2004 Pontiac GTO will share much of the clean styling of the current 2002 Holden Monaro CV8 coupe, but it will have Pontiac’s unique dual-port grille and will be powered by a specially tuned version of the 5.7 litre LS1 V8 (shared with some models of the Chevrolet Corvette) mated to a choice of either a six-speed manual or four-speed automatic transmission. The rear-wheel drive coupe will feature 17-inch alloy wheels, 2+2 bucket seating and a premium sound system with an integrated six-disc CD changer. Additional performance and feature details are still being finalized and will be released closer to the public unveiling of the GTO at the Los Angeles and North American International Auto Shows.
The latest information currently available to the public on the Pontiac GTO can be found through www.pontiac.com More information on the Holden Monaro is available from the Holden Media Site, www.media.holden.com.au.