Chevrolet is officially bringing back an iconic name and a track-ready performer with the 2014 Camaro Z/28.

Introduced at the New York Auto Show, the Z/28 coincides with a stylistic freshening of the 2014 Camaro that updates its front and rear. But it was the debut of Chevy's iconic Z/28 performance edition that created palpable praise from the media at its world introduction.

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Calling it the most track-capable Camaro ever made, the Z/28 will feature a naturally aspirated 7.0-liter LS7 V8 originally introduced in the Corvette Z06. The massive engine will send "at least" 500 horsepower and 470 lb-ft of torque to the Camaro's rear wheels via a 6-speed Tremec manual transmission.

Though the Z/28 will have 80 less horsepower than the supercharged Camaro ZL1, the Z/28 is lighter and more track-oriented, following in the footsteps of its fabled 1967 predecessor.

"As the ultimate track-capable Camaro, this car restores the mission of the original Z/28, and serves as a testament to the expertise of Chevrolet as the best-selling brand of performance cars," said Mark Reuss, president, GM North America. "The build sheet is the wish list of any racer: lightweight, high-revving, dry-sump LS7 engine; carbon-ceramic brakes; integrated coolers for track use; true aerodynamic downforce, and a significant reduction in curb weight. This car could only come from Chevrolet, and could only be called the Z/28."

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Chevy's engineers took weight out wherever they could, from the rear window to the speakers (they left only one for the seatbelt chime). Even air conditioning is considered an option. In all, over 300 pounds were shaved compared with the ZL1. Saved are the two small rear seats. "You can still take your kids for ice cream, then hit the track," a GM rep said after the unveiling.

The 2014 Camaro Z/28 is set to go on sale next spring. Pricing will be announced closer to its on-sale date, but it is expected to be positioned above the ZL1, which begins at roughly $56,000.

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