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Nice! So basically it will be new versions of the GTO under a different name? But will they still be RWD and have a Vette engine?
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No, the Monaro has been discontinued for the second time. This is the VE Commodore, which is a new family car powered by a banal V6. The SS has a V8, though, and is more sports orientated, although not exactly a sports car per se. It has optional special leather seats and all sorts of luxury stuff. It's received rave reviews in Australia.
This is good news for the industry, especially since rising fuel prices have made large family cars unpopular amongst buyers. Good to see Holden exporting to America.