Could General Motors build an all-new compact sports car for under $30,000, with a high-output 4-cylinder engine and rear-wheel drive? According to a report in the latest issue of Australia's Wheels Magazine, the answer so far is a secretive "yes."
The rendering is an Aussified version of the Chevrolet Code 130R concept first shown last January at the North American International Auto Show. Wheels is calling it the modern-day Holden Torana, the sporty Australian compact built from 1967 to 1980 that led racing driver Peter Brock to numerous victories in the '70s.
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