Pontiac G8 ST will be unveiled in New York

The decision to move forward with the G8 ST was made even though there are still lingering concerns inside GM about the exchange rate between the Australian and U.S. dollars. If the U.S. dollar had continued to weaken against the Aussie buck recently, the price for the imported Ute would have been too high for the market.

The Pontiac G8 ST will be powered by a V8 engine that will deliver 361 hp. This version will be priced at $31,000 USD. A lower-priced version will also be available. It will be powered by a V6 engine that delivers 256 hp.