GM (and others) are still targeting "baby boomers"...who at this point are in their late 40's and early 50's and have far more available $$$ for their high profit margin vehicles...suffice to say, 16-yr olds don't count right now.
They have to charge $1000 more for their vehicles than the import counterparts just to clear the pension and labor overhead, so they would have to be able to build a car for $8K and sell it for $10K just to get a $1K profit...not likely...and they won't recoup R&D investment unless the model is an incredible success (along the lines of the Ford Taurus).
Remember that a lot of the safety and pollution control features absent in the muscle cars of the 60's and 70's are mandated. So figure in the cost of ABS, airbags, fuel efficiency, passenger cage design, and such into the total cost of the vehicle. Not going to happen for $10K.
BTW, I watched the Barrett-Jackson auction last month, and the venerable muscle cars guys like me could pick up for $3K back then were sailing out the door for between $150 -$300K!!!!
