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Buick, Pontiac, and GMC will be getting 12 new or special-edition vehicles over the next 20 months.

However the new Trans Am that Pontiac had lobbied for as a sibling vehicle to the Chevrolet Camaro has been rejected. GM also told Pontiac dealers that any plans to make the brand a rear-wheel-drive performance division are likely to be scaled back because of fuel-economy regulations.

“It was an economic situation,” said Lynn Thompson, owner of Thompson Motor Sales in Springfield, Mo. “It would cost $200 million to bring out the vehicle,” speaking about the Trans Am.

Dealers were told that Pontiac will remain a...

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Pontiac: No Trans Am, no rear-wheel-drive

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