With General Motors’ cash flow back to reasonable levels, the company is re-evaluating its position on Australian-built Zeta rockets like the Holden Commodore. The last one we had on our shores was the much-lamented Pontiac G8, which was essentially a Commodore with a new set of badges.

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With the success of the 2010 Chevrolet Camaro, GM has reportedly okay’d the development of a new Zeta sedan for the American market. According to reports, it’s slated to debut in early 2013 as a 2014 model, concurrent with the introduction of the redesigned Holden Commodore. Particular details, such as engine size, transmission options and horsepower figures are as yet unavailable. That said, a pushrod small block in the neighborhood of 430 horsepower probably isn’t too far off the mark.

The rumor gets juicier, and a tad more unbelievable, with the revelation that a sport wagon and Ute version of the car are coming as well. The ute, if it happens, will debut around the same time as the sedan, with the sport wagon arriving later in 2013.
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