That's a photoshopped Opel/Vauhall Whatitshname, which is a mechanical cousin to the Cobalt. I think it's a 2005 model on its way, and it was shown at the European shows this year. One of the prettiest small cars I've seen in years.
Let's hope that Chevy uses it like this, but I'm betting that America's irrational hatred of hatchbacks kills our chances of getting it. (OK, not irrational: I used to date a guy with a '78 Datsun B-210 hatchback, a car that was ugly enough to put anyone off, well, even cars for life.)
Actually, if the red car is the rear of the Cobalt, then the gold car immediately behind the woman in the photo shows a front view of the Cobalt, or more likely, the Pontiac Pursuit. It looks very similar to the concept sketch, and the wheels bear a family resemblance to those of the new Malibu.
If it turns out to be a notchback version ot the GTC, we could have done a lot worse.
What's wrong with a hatchback? Honestly-- why in the name of all that is holy would a cavalier size vehicle need a trunk? What are you going to put in it? A six-pack? At least with a hatchback a small size vehicle can hold a decent amount of cargo. A useless little trunk is, well.....useless.
Dealers saw the Cobalt in Vegas in Sept. My dealer says to think new Malibu for the general look of the Cobalt sedan. The Cobalt coupe will be more in the look of a "fastback". Great new look for the coupe, conservative improvement for the sedan. Both are HUUUUUUUUUUGE improvements over the Cavalier. BTW, What's the "Pursuit", and where will it be sold?