It has been ten years since The Great Recession that almost ended GM and the Corvette. But it turns out when GM filed for bankruptcy, it saved the company and the Corvette.
In early 2008, GM was buckling down, looking at ways to save money. One of the decisions was to cancel the development of a new C7-generation Corvette, despite the best efforts of then-GM product-chief Bob Lutz. These cost cutting efforts did not work and in 2009 GM declared bankruptcy.
In 2009 Tadge Juechter, chief engineer of the Corvette, prepared to do his best to save the Corvette, and the Bowling Green, Kentucky plant. To do this, he had to convince bankruptcy courts and U.S. Treasury Department that the Corvette was worth saving. To his, and the Corvette team, it turned out that the government team knew something about the Corvette and asked about the plans for the new C7. The government team knew
NEW YORK — Cadillac president Johan de Nysschen bluntly shot down rumors his brand’s powerful twin-turbo V8 is also headed for the Chevy Corvette. Speaking Wednesday at the New York Auto Show, he said: “Just quit the speculation it’s headed for Corvette. It’s not.”
The 4.2-liter V8 cranks out 550 horsepower and 627 pound-feet of torque in the Cadillac CT6 V-Sport, which debuted at the show. With that kind of performance and the fact the engine will be hand-built at the [...]
The racing magnate bid $925,000 for the first production Corvette ZR1 at a Barrett-Jackson Auction in January.
Renowned NASCAR team owner and Chevrolet dealer Rick Hendrick visited the National Corvette Museum to lay eyes on his very own Chevrolet Corvette ZR1. Hendrick outbid other heavyweight car collectors for the rights to own the first production ZR1 during the Barrett-Jackson auction in Scottsdale, Arizona earlier this year.
The $925,000 Corvette ZR1 is finished in an all-black exterior, and it boasts a plethora of performance upgrades such as a carbon fiber hood, carbon fiber ground effects package, ZR1 carbon flash-painted aluminum wheels with red brake calipers, Chevy’s track performance package, and an NPP Performance exhaust system. Inside, the cabin is finished in Jet Black and Adrenaline Red with suede-wrapped competition bucket seats and red seat belts. Oh, and in case you’re wondering, Mr. Hendrick opted for the eight-speed automatic transmission, not the seven-speed manual.