Designed at a cost of £1million, the convertible was engineered and built in the UK by the recently bankrupted consultancy TWR. The brief was to create a car that would be relatively easy and cheap to put into production, and provide a bargain-priced alternative to the top-selling BMW 3-Series Cabriolet.
However, despite strong support for the project, bosses at General Motors have decided to postpone the soft-top's launch until the next-generation Monaro arrives in 2007. This is because the US version of the car - the Pontiac GTO - has proved a flop in America.
Buyers were put off by the current vehicle's dull styling, so GM is rushing through a more exciting model based on the new Zeta large-car platform. This RWD chassis will also underpin the next Omega, due in 2006, and was used in a Buick drop-top concept seen at this year's New York Motor Show.
The UK version of the new Monaro will have a wider engine range, too. V6 and diesel units will be offered alongside the V8 to broaden its appeal.
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