Although details surrounding the C7 project remain scarce, General Motors has confirmed that the C7 Corvette will begin production in April 2012 as a 2013 model. The C7 Corvette will retain its front-engine layout, forgoing a more costly - and complex - mid-engine setup.
Outside of those facts, not much else is known about the C7 project. There have been indications that the next-generation Corvette will retain its V8-power, but the C7's engine will likely shrink a bit from the current C6. However, a smaller engine doesn't necessarily mean less power and the C7's lighter curb weight should ensure the next "˜Vette will show a marked improvement in overall performance.
Stylistically, we're expecting the C7 Corvette to take some design cues from the Corvette Stingray concept, unveiled at the 2009 Chicago Auto Show. The concept's radical look will be toned down for production, but look for the C7 Corvette to be much more futuristic than the current C6.