GM executives recently said there's not going to be a new Firebird spun off the pending 2009 Camaro - in part because of the cost (estimated at $200 million) and in part because the projected volume for a new Firebird would not rise to the level needed to offset the investment, etc.

More bad news: Pontiac itself maybe on the chopping block, at least as it being GM's "performance division." GM honchos said the recently passed 35 mpg CAFE edict could make it economically impossible to continue producing powerful V-8 cars like the new G8 sedan. Pontiac may either become an uspcale economy brand - or be dropped entirely.... .