Complex sentence: The Gran Torino Sport was no longer available with the "SportsRoof" fastback roofline, and the new "Gran Torino Elite" was introduced at mid-year 1974 as a response to Chevrolet's popular Monte Carlo.
Split into simpler sentences: The Gran Torino Sport was no longer available with the "SportsRoof" fastback roofline, and the new "Gran Torino Elite" debuted. Introduced at mid-year 1974, the Elite was a response to Chevrolet's popular Monte Carlo.