Muscle car fans and rednecks around the world will rejoice at the news that the Chevrolet Camaro looks like it's on its way back.

The concept car shown at the Detroit Auto Show in January is undergoing feverish development to bring it to a production-ready stage.

Chevrolet bosses have studied research and reckon they will be able to sell more than 100,000 Camaros every year, which is the figure required to justify production.

The new Camaro will be based on a platform from Holden, the Australian cousin of Chevy in the General Motors family.

The Camaro could be on sale in the US by late 2008, but UK buyers are likely to have to follow the same route as with the Ford Mustang and import one themselves.