Competition for the V-6 models anyway.
http://www.topspeed.com/cars/car-new...d-ar46947.html
The V8 that they currently have in development/testing is only rated at about 300hp, so they can't really compete with the V8 Camaro model(s), but they could on the V6 models and maybe eventually work up to the V8's.
It isn't a bad looking car either....although it kind of looks like the front end of an Acura RSX and the the back end of an Mitsubishi Eclipse....