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In the world of Chevy Malibu, LTZ refers to Luxury Touring Z. The LT is the second-highest trim grade, and the Z denotes a luxurious variation of that. Essentially, LTZ signifies the highest level of trim available for this vehicle.
He LTZ is the deluxe trim package, with the "Z" denoting it as the top-tier level of features included as standard in that package for a Chevy Malibu.