The Camaro received a complete redesign and new platform in 2009 for the 2010 model year and fifth generation. Based on the 2006 Camaro Concept[20] and 2007 Camaro Convertible Concept, production of the fifth-generation Camaro was approved on August 10, 2006. The Oshawa Car Assembly plant in the city of Oshawa, Ontario, Canada, began producing the new Camaro[21]which went on sale in spring of 2009 as a 2010 model year vehicle.

The new body used styling cues from the 1969 Camaro, including the grille, roof styling, quarter windows, and side trim. Unlike the 1969 model and the 2006 concept, the production model's quarter windows were fixed and hid a thick B-pillar behind the glass.

Following the development of the Zeta architecture and because of its position as the GM global center of RWD development, Holdenin Australia led the final design, engineering, and development of the Camaro. Production of the coupé began on March 16, 2009, in LS, LT, and SS trim levels. LS and LT models include a 3.6 L (220 cu in) V6 producing 312 hp (233 kW; 316 PS) for the 2010 and 2011 models mated to either a 6-speed manual or a 6-speed automatic with manual shift. The SS features the 6.2 L (376 cu in) LS3 V8 producing 426 hp (318 kW; 432 PS) and is paired with a 6-speed manual. The automatic SS has the L99 V8 rated at 400 hp (298 kW; 406 PS). The RS appearance package available on the LT and SS featured 20-inch wheels with a darker gray tone, halo rings around xenon headlamps, a unique spoiler, and red RS or SS badges.