Chevrolet Places Next Generation Plans On Hold

Corvette Racing's C6.R won the American Le Mans Series' inaugural Green Challenge competition at Petit Le Mans, but General Motors' troubles with the type of green that really matters have thrown the Corvette's future into disarray.

Multiple sources confirm that the General's financial crisis has led the company to put whatever plans it had for the next-generation Corvette on indefinite hold, with no official or set timetable.

In this climate--we've even heard tales of janitors removing lightbulbs from corporate headquarters in an effort to save money--not only is an all-new C7 now more than just a few years away, but even a significantly refreshed or upgraded C6 looks unlikely to appear anytime soon.



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dumpsty - 10/20/2008 1:09:09 PM

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The Corvette program is one of GM's most important investments. I think something more is going on (internally) that's affecting it. Could it be a shifting of funds to purchase Chrysler? Or more time is needed for development so the next gen Corvette won't arrive as planned?

woood - 10/21/2008 1:04:17 AM

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Maybe its because to bring the corvette up to date with its competitors would need a huge cash infusion that gm can't afford.

BMWpride - 10/21/2008 7:45:26 PM

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The Corvette is one of GM's most successful cars. Every time I look at the new cars guide in Motor Trend, I look at every Chevy which is 2-3.5 stars and then I see the Corvette which is 5. I think some of the execs should take a small paycut.