This is from the GM Newsline:
PRODUCT NEWS
A NEW VEHICLE JOINS THE PONTIAC FAMILY .... Pontiac is adding a small, sporty model to its lineup this fall for the 2007 model year.
The Pontiac G5 will be an entry-level vehicle designed to attract value-oriented customers to the Pontiac brand. It will be built off the Chevy Cobalt platform at GM's Lordstown Assembly Complex in Ohio.
The Cobalt has been used as the basis for the Pontiac Pursuit, which up until now has only been sold in Canada. Starting next month, the Pursuit will also carry the G5 name in anticipation of the U.S. arrival later this year.
At the same time that the G5 will hit dealer showrooms, Pontiac will end production of the Montana SV6 crossover sport vehicle. The Buick Terraza will be the crossover sport vehicle available through the Buick-Pontiac-GMC channel.