Newly unretired General Motors vice-chairman Bob Lutz hinted today that the Chevrolet Camaro Z28 will not see production.

The Z28 was rumored to be Chevy’s answer to the Ford Mustang GT500, and would likely have been powered by the supercharged LSA engine found in the Cadillac CTS-V. It was apparently put on hold due to both cost constraints and concerns about the blatant political incorrectness of building a gas-guzzling, super pony car.

Lutz assured us we haven’t seen the end of GM performance cars.

“Any fears that the days of high-performance General Motors cars may be numbered or totally over can be allayed,” Lutz said. “There is no pressure at all to get off the high-performance thing.”

Still, with stricter fuel economy standards on the horizon, Lutz noted that the mainstream sports car formula will likely move away from big V-8s. He pointed to the V-6 Camaro that makes 304 hp and returns 29 mpg on the highway is a more realistic image of future performance cars.

“I think the V6 Camaro is probably a very good model for the future of the high-performance car in America,” Lutz said, adding, “the Solstice coupe with the 2.0-liter turbo engine is another good expression of the future of the high-performance car, which is smaller, lighter, more fuel-efficient, and probably with lower displacement, but with a turbocharger.”