Chevrolet Camaro hitting Chinese roads

chevrolet_camaro_zl1.top.jpgSoon, Chinese car buyers will be able to purchase a Chevrolet Ke Mei Luo similar to this car. by Peter Valdes-Dapena, senior writer


NEW YORK (CNNMoney) -- When General Motors unveils the Chevrolet Camaro for Chinese customers at the Shanghai Auto Show next month it will have a new Chinese name: Ke Mei Luo.

The Ke Mei Luo will be billed as a "luxury" car commanding a price far higher than Americans typically pay.

A V6-powered Ke Mei Luo will cost about 500,000 Chinese Yuan, or roughly $76,000. Prices for a V6-powered Camaro in the U.S. typically start at about $22,000.

There has been no word, yet, on how much a V8 Powered Ke Mei Luo will cost.

The luxury performance market segment has been flourishing in China, according to GM, growing 141% in 2010.

Just as the word Camaro has no meaning in English, Ke Mei Luo means nothing in particular in Chinese, according to a GM spokesman. The automaker simply wanted to use Chinese characters that would sound like Camaro when spoken. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Find Your Next Car
Index Last Change % Change
Dow 16,372.69 110.13 0.68%
Nasdaq 4,065.96 31.80 0.79%
S&P 500 1,854.96 11.98 0.65%
Treasuries 2.64 0.01 0.57%
Data as of 12:00pm ET
Company Price Change % Change
Bank of America Corp... 16.00 -0.40 -2.41%
Yahoo! Inc 36.33 2.12 6.20%
Facebook Inc 58.73 -0.36 -0.61%
Intel Corp 26.86 0.09 0.32%
Alcoa Inc 13.30 0.25 1.92%
Data as of 11:45am ET
Sponsors

Sections

Bank of America still feeling fallout of mortgage crisis. It shares down 3% after quarterly loss. More

Observers are warning that risks of a blow up in China's property market are rising, threatening a slowdown that could hurt global growth. More

Yahoo is still in the midst of its turnaround, but investors liked what they saw in the company's first-quarter results. More

Schwinn, Trek and Cannondale are all iconic American bicycle brands. But none of them are made in the United States. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.