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What does RS stand for?

RS stands for Rally Sport (Chevrolet Camaro)

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Samples in periodicals archive:

Those who find such antics outrageous choose to overlook the fact that the cream of drivers in Formula 1 and Indy Car motor racing, to say nothing of international rally sport, have nearly all started out with just this sort of adventurous and hazardous behavior.
Volkswagen has revolutionised cross-country rally sport with the Race Touareg 2 and TDI technology -- and decided the epic "Dakar" twice in its favour in the past two years.
Ford rally sport supremo Jost Capito says: "Now with the programme going ahead, the hard work really starts as the small team working on the project takes the car from prototype to production.