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Despite tough times, GM to keep Chevy Corvette

05/06/2009, 6:26 PM

By Drew Johnson

General Motors may be shedding brands and nameplates at an ever-increasing rate, but company CEO Fritz Henderson says there are no plans to ditch the Corvette. The Corvette’s closest U.S. competition, the Dodge Viper, has essentially been dropped from Chrysler’s future.

In a recent interview with AutoWeek, Henderson revealed the Corvette nameplate is safe for the foreseeable future. As the General’s newest Chief Officer put it: “Corvette pays its rent.”

Henderson also said the seventh-generation of the Corvette – dubbed the C7 – is currently under development, but failed to give a timeline for the new two-seater. Reports surfaced as far back as a year ago that the C7 project had been put on hold, with GM’s current financial situation probably prolonging its launch.

The current C6 Corvette began production in 2005, making it a relative new comer in Corvette terms. The C3 Corvette soldiered on for 14 years with the following C4 living for a stretch of 12 years.

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05/06, 6:39 PM

posted by:

Lariat Luxury Locomotive Liner No.3

And to think, there was hope for the Corvette—it’s not over yet! GM please sell-off the Corvette brand so that it can reach it’s full potential.

05/06, 7:03 PM

posted by:

tyler_is_aero_tt

Who would ever think they wouldn’t keep it? It’s only Chevy’s most popular car.

05/06, 7:07 PM

posted by:

A4

Why the hell would they sell off Corvette? It’s an American icon and a General Motors icon. You’re going to tell me that the ZR-1 isnt allowing the Corvette to reach its full potential? Give me a break.

05/06, 7:09 PM

posted by:

ninetysixvert

I don’t think they were ever going to ditch the ‘Vette, but all GM has to report is negative news these days, even from the performance division with the Camaro recalls. I think GM is just trying to say something positive, even if it’s not shocking news.

05/06, 7:13 PM

posted by:

JakeK66

^ Or to say to Obama. “We’re NOT getting rid of Corvette, no matter how much you may hate it’s MPG it’s ours and we may as well just be out of business all together before we get rid of our greatest marquee”

05/06, 7:18 PM

posted by:

andy

the corvette actually gets damn good mpg Jake

05/06, 7:19 PM

posted by:

A4

The Corvette gets (EPA) 26 mpg on the highway with a 6.2L V8. If you ask me thats one hell of an achievement, and these dont even have cylinder deactivation, do they? Hell an Accord V6 is rated at 19/29, and that engine is coming close to half the size of this one.

05/06, 7:21 PM

posted by:

wideopenthrottle

@A4
i believe it does have cylinder deactivation, and because it makes so much torque they can give it such a tall 6th gear, so it can run almost at idle while cruising at 65 mph.

05/06, 7:57 PM

posted by:

2morrowdesign

About the M.P.G.,
My friend has a C6 ZO6 and we were clockin’ 30 MPG at freeway speeds in 6th gear.
Which, by the way, is better that my GTI.

05/06, 7:59 PM

posted by:

Lionwithoutpride

wideopenthrottle-

I’m assuming what you say is true because I know little about the actual machinations of individual cars . . . wouldn’t that mean car companies should be producing MORE Corvette-esque vehicles? That’d be pretty sweet. I’m sure there are lots of other factors militating against such a plan (not-the-least-of-all the fact that the MPG standard for cars is soon to far outpace 26 mpg on the highway), but I can dream can’t I???

05/06, 8:02 PM

posted by:

JakeK66

Yeah A4, I know it really gets great MPG for what it is, but I think Obama wants something like 35-40 mpg, not 25-30.

05/06, 8:19 PM

posted by:

Lariat Luxury Locomotive Liner No.3

05/06, 8:21 PM

posted by:

Lariat Luxury Locomotive Liner No.3

05/06, 8:52 PM

posted by:

steve333

The Corvette will never die and it will also be a Chevy. That’s the way God intended it to be!
I hope they bring back the Stingray name. I really don’t understand why they haven’t used it for one of the iterations of the car.

05/06, 9:00 PM

posted by:

Bavarian_818

C7 Stingray – Sounds like a plan to me!!!

05/06, 9:15 PM

posted by:

Borat

I concur with Jake. To be viable car company GM need to sell 2-3 million cars in US (let face it they don’t sell much elsewhere) and each must be profitable. In order for them to be profitable company must invest in definition/product management, design , manufacturing of all those cars. Corvette is a beautiful car that cost a lot to produce but it does not draw into showrooms as it used to and it robs other 2-3 millions cars of attention they need for GM to be a viable company. Obama or Bush in the White House does not matter.

05/06, 9:21 PM

posted by:

anyclearer

thank you left lane for spending time to report the obvious!

05/06, 9:31 PM

posted by:

andy

@ Bavarian, let the C7 be the C7, with the death of the Sky and Solstice, GM/ Chevy should make a Kappa platform Stingray and sell below the base coupe… infact, with a more pronounced ’stingray/ mako’ hood and corvette-esq rear end, the Sky is pretty much there.

05/06, 9:47 PM

posted by:

andy

and to add, if i were them i wouldn’t label it as a corvette stingray, just Stingray, and use stingray badges… as sad as it is to say, this would be a good way to indirectly introduce a 4 banger into the vette lineup, which sooner or later will have to happen (unless a miracle occurs), and without throwing the Corvette name on it, a 4 cyl may not seem so asinine.

05/06, 10:02 PM

posted by:

Blakkarr

“As long as there is a GM there will be a CORVETTE.” SImple as that.

05/06, 10:23 PM

posted by:

johnnycanuck

Big difference between the Vette and the Viper: you could drive a Vette- any Vette- every day.

05/06, 10:48 PM

posted by:

dmanero

Stupid move

05/06, 10:53 PM

posted by:

leftwingagenda

borat, you’re taking the executives statement that the corvette “pays its rent” as a mis-statement? if you believe that statement, then there’s no inherent reason to kill the ‘vette off…i don’t really know the numbers here: the size of the ‘vette design team vs GM as a whole, profit per vehicle, etc. but it strikes me as odd that you’d be so firmly in conflict with what the exec said…and really, as far as design teams go, the current car is unaffected since it’s in production…all they’re doing now is making them (the profitable end of the operation)…i could see how this could stall the next version of the ‘vette, while designers go work on other things, but the design angle alone doesn’t argue for killing off the current car…

anyway, if chyrsler is going to kill the wrangler, you can’t let gm kill the vette…this i declare! some icons have to survive ;P

05/06, 10:53 PM

posted by:

jdasch1

The Corvette is a great car, the new GM will only make it better. Not alot of rebates either. It’s Chevy’s Halo car, and it needs to stay.

05/06, 10:57 PM

posted by:

wideopenthrottle

@lionwithoutpride
both the ‘vette and the viper have a 6th gear ratio of about .50:1, significantly overdriven. The ZR1 runs at only 1750 rmp at 60 mph, which enables (relatively) good mileage.
@johnnyc
yeah but on the days you got to drive the viper, watch out

05/06, 11:18 PM

posted by:

Hyperion

It’s upsetting enough to read an article that confirms the Corvette WON’T go away. I’m relieved to hear GM wasn’t even CONSIDERING a farewell to the Corvette– WERE THEY?

As for the Dodge Viper ending production– it’s obvious the financial state they are in but it’s such a stupid decision on the part of anyone involved. Change the supercar, perhaps, but don’t kill the supercar.

05/07, 12:55 PM

posted by:

global_lightning

If I had the cash, I’d buy a ZR1 Corvette right now. As far as the economics go, as long as the Corvette is at least breaking even, then there’s no reason to let it go. The marketing damage to Chevrolet would far outweigh any short-term savings.

05/07, 1:49 PM

posted by:

American_Cars_Crap

Corvettes are still looked at all over the world as the cheap plastic car with the giant engine. Despite impressive times at the nurburgring, the corvette still has no respect in the rest of the world. Especially when compared to the respect cars like Porsche, Ferrari and Lambo’s have. Those care are twice,and some 3 times the price of the ZR1, but those cars can easily command that kind of price because its got international respect, something the corvette still cannot achieve. Lets not forget what makes the ZR1 such a fast car on the ring, all those European made performance bits like the brakes, carbon fiber panels and tires.

05/07, 3:25 PM

posted by:

jackjimturkey

No kidding!

05/07, 5:23 PM

posted by:

andy

@AmericanCarsCrap: i would really say its alot of euro parts on it, carbon fiber originated in the US, the magnetic suspension was developed for GM by Delphi and now euro trash cars are using the same thing, tires are Goodyear are they not, again american tires? car assembled in Bowling Green, only thing is the Italian Brembo’s

05/07, 5:24 PM

posted by:

andy

“wouldnt realy say…”

typo

05/07, 6:05 PM

posted by:

Lau

@andy

with a name like American_cars_crap, you can NOT honestly expect someone as ignorant (or comic relifeism) to understand reality, right? hehehe

05/07, 9:57 PM

posted by:

Fromes

good news…The Corvette is a great car and an asset for GM. Its fast, an awesome handler, a great looker, good on gas and the best performance car value on the planet. all this plus the fact that it is a profitable car.

05/07, 10:57 PM

posted by:

American_Cars_Crap

Andy you silly fool, the ZR1 uses Michelin PS2 tires, Michelin is a French company, and I have a set of PS2 tires on my car and it says Made In France on the side of the tire. As for todays carbon fiber fabric which we now see in high end cars, that was invented way back in 1963 in England by British Aerospace, and it was the Swiss who perfected the manufacture of it so that it can be more cost effective and stronger.

05/08, 4:36 AM

posted by:

Lau

LOL A_C_C, since you like noting where certain things are made/invented, take this one for a spin.

Which country invented the automobile?

05/08, 4:41 AM

posted by:

Lau

Actually, scrath that, it was made by the Germans! LOL crazy germans, at it again….though, you gotta stop playa hate.

05/08, 10:32 PM

posted by:

1c3d0g

Although it saddens me deeply that the Viper may not be built anymore, the Corvette ain’t going anywhere, little b*tches! :twisted:

 
 
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