GM to resurrect Chevrolet Sting Ray with 2008 model?

GM is reportedly prepping a third Kappa-platform sports car under the Chevrolet Sting Ray name, according to the February 2006 issue of Motor Trend. Its target? The BMW Z4 and Porsche Cayman. "Like the Corvette, the Sting Ray would transcend GMs old divisional order," the article explains. If it gets the green light, the Sting Ray will be a well-equipped, high-spec model, priced "far above" the Pontiac Solstice and Saturn Sky. which are also built on the Kappa architecture. The car is expected to come with a choice of engines, including a new V6, and possibly the same I4 engine featured in the new Pontiac Solstice GXP, announced this past Sunday.