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^ Its true. Mine is an lo3 and I got 27mpg out to Carlisle years ago and has been reliable w/regular maintenance performed. I'd be more worried about a cobalt ss's power than my third gen for a new driver however safety wise (abs/active handling in the new cars) would be better piece of mind imo (3rd gens don't have the greatest visibility for a new driver).
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1991 Camaro
1992 L98/ttop Firehawk tribute (sold)
2006 Srt-10 Viper
2012 z-71
2011 Equinox (family vehicle)
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