The Pontiac GTO nameplate was revived for the 2004 model year, now as an American-market version of the Australian-built Holden Monaro. This version sold poorly due to bland styling and was cancelled after 2006.
The Pontiac GTO was relaunched in the United States in late 2003, based on the Holden Monaro's V platform. The fact that the new GTO is based on an entirely different vehicle (the "Old Goat" being a muscle car and the Holden Monaro being an Australian sports car) has provoked much criticism from muscle car enthusiasts, stating that redesigning the GTO from the ground up would be more nostalgic and would possibly bring better sales for the car. The revival was prompted by former GM chairman Bob Lutz, who drove a Holden Monaro while on a business trip in Australia. The GTO is produced in Australia, and is equipped with the Chevrolet Corvette's LS1 V8 engine with a choice of a 6-speed manual transmission or a 4-speed automatic. The same model is sold in the United Kingdom as a Vauxhall and as a Chevrolet in the Middle East.
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