• Home 1
  • Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Business

GM reveals new Chevy Corvette with 1,000-plus horsepower and record top speed

by
July 26, 2024
in Business
0
GM reveals new Chevy Corvette with 1,000-plus horsepower and record top speed
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package.

DETROIT — General Motors’ newest Chevrolet Corvette will be the most powerful version of the American sports car ever produced — and it’s not even close.

The Detroit automaker said Thursday the 2025 Chevy Corvette ZR1 will be powered by a twin-turbocharged, 5.5-liter, V8 engine capable of more than 1,000 horsepower — a first for Corvette — and 828 foot-pounds of torque, placing it among the ranks of supercars that can cost hundreds of thousands of dollars.

“This thing pulls like a freight train,” Tadge Juechter, Corvette’s executive chief engineer since 2006, said during a media event. “We expect this car to be essentially the fastest car we’ve ever built by a long measure.”

The prior most-powerful Corvette was GM’s last ZR1 for the 2019 model year. It produced 755 horsepower and 715 foot-pounds of torque with a 6.2-liter, V8 supercharged engine.

2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package.

GM

Juechter said the new ZR1 will “comfortably” have a top speed higher than the Corvette’s previous top speed of 212 mph.

GM said pricing for the 2025 Corvette ZR1, including an additional “ZTK” performance package, will be released closer to when the vehicle goes into production next year. The 2019 Corvette ZR1 started at $121,000.

The ZR1 joins what GM is calling the “Corvette family,” including the “everyman’s sports car” Corvette Stingray, which starts at about $70,000; the hybrid E-Ray; and the roughly $112,000 Z06 track car.

“We’re happy with the way it’s going. This is the next step in that whole approach,” said Brad Franz, director of Chevy car and crossover marketing.

GM previously confirmed an all-electric Corvette is coming, but it has not given a timeframe. A Corvette SUV also has been under consideration for several years. Franz declined to comment on either vehicle.

2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package (left) and 2025 Chevrolet ZR1.

Wall Street analysts have said GM could better leverage the Corvette brand by expanding models and, to an extent, sales. In late 2019, Morgan Stanley analyst Adam Jonas said a Corvette sub-brand could be worth between $7 billion and $12 billion.

Sales of the Chevrolet Corvette have totaled roughly 34,500 vehicles for each of the past two years. In 2019, the automaker redefined the iconic sports car, swapping its front-engine design for a mid-engine build to increase performance and handling.

Models such as the ZR1 are low-volume vehicles designed to attract buzz to the brand and entice drivers toward less-expensive Corvettes.

“The ZR1 is the range-topper. It’s the halo vehicle. It’ll bring tons of attention to the car and actually help sell the other models,” Juechter said. “It’s part of the ongoing business strategy to keep the product relevant over a relatively long lifecycle.”

2025 Chevrolet Corvette ZR1

GM

Other performance models have helped to lift Corvette’s average transaction price to roughly $106,000.

Franz said price point is expected to continue to rise with the introduction of ZR1 and sales growth of the track-focused Z06, whose average buyer has a household income of $311,000.

Additional sales of the hybrid Corvette, which starts at about $105,000, also should help boost Corvette’s revenue. GM plans to increase production of the E-Ray to 10% of total production capacity from current levels at 2% to 3% currently, Franz said.

The performance trickle-down effect also has assisted in keeping the sole plant that produces Corvette in Bowling Green, Kentucky, on two shifts since 2019.

Don’t miss these insights from CNBC PRO

GM unveils first-ever 'electrified' Corvette
Tags: 1000plusAutosBreaking News: BusinessBusinessbusiness newsChevyCorvetteGeneral Motors CohorsepowerrecordrevealsSpeedTopTransportation
Previous Post

Tube Investments shares gain 3.45% as Sensex rises

Next Post

Bitcoin Rare Buy Signal Returns, Why Price Can Reach $130,000 | Bitcoinist.com

Next Post
Bitcoin Rare Buy Signal Returns, Why Price Can Reach 0,000 | Bitcoinist.com

Bitcoin Rare Buy Signal Returns, Why Price Can Reach $130,000 | Bitcoinist.com

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 139 Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

July 18, 2023
As Binance works toward redemption, CEO says Trump has been ‘fantastic’ for crypto

As Binance works toward redemption, CEO says Trump has been ‘fantastic’ for crypto

March 23, 2025
Nvidia CEO Jensen Huang says tariff impact won’t be meaningful in the near term

Nvidia CEO Jensen Huang says tariff impact won’t be meaningful in the near term

March 23, 2025
Why startups and tech giants are racing to build a practical quantum computer

Why startups and tech giants are racing to build a practical quantum computer

March 23, 2025
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

5
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

5
Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

3
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

1
Microsoft plans to hire more but with ‘a lot more leverage’ thanks to AI, CEO Satya Nadella says

Microsoft plans to hire more but with ‘a lot more leverage’ thanks to AI, CEO Satya Nadella says

November 1, 2025
Ethereum Funding Rate Turns Red: Short Squeeze Brewing?

Ethereum Funding Rate Turns Red: Short Squeeze Brewing?

November 1, 2025
CarTrade Tech, Chennai Petro among 10 smallcap stocks post up to 55% weekly gains – Smallcap momentum defies broader cues

CarTrade Tech, Chennai Petro among 10 smallcap stocks post up to 55% weekly gains – Smallcap momentum defies broader cues

November 1, 2025
‘Trump effect’ raises hopes for cannabis rally as investors bet on federal reforms, softer marijuana stance

‘Trump effect’ raises hopes for cannabis rally as investors bet on federal reforms, softer marijuana stance

November 1, 2025

Recent News

Microsoft plans to hire more but with ‘a lot more leverage’ thanks to AI, CEO Satya Nadella says

Microsoft plans to hire more but with ‘a lot more leverage’ thanks to AI, CEO Satya Nadella says

November 1, 2025
Ethereum Funding Rate Turns Red: Short Squeeze Brewing?

Ethereum Funding Rate Turns Red: Short Squeeze Brewing?

November 1, 2025
CarTrade Tech, Chennai Petro among 10 smallcap stocks post up to 55% weekly gains – Smallcap momentum defies broader cues

CarTrade Tech, Chennai Petro among 10 smallcap stocks post up to 55% weekly gains – Smallcap momentum defies broader cues

November 1, 2025
‘Trump effect’ raises hopes for cannabis rally as investors bet on federal reforms, softer marijuana stance

‘Trump effect’ raises hopes for cannabis rally as investors bet on federal reforms, softer marijuana stance

November 1, 2025

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
  • Uncategorized

Recent News

Microsoft plans to hire more but with ‘a lot more leverage’ thanks to AI, CEO Satya Nadella says

Microsoft plans to hire more but with ‘a lot more leverage’ thanks to AI, CEO Satya Nadella says

November 1, 2025
Ethereum Funding Rate Turns Red: Short Squeeze Brewing?

Ethereum Funding Rate Turns Red: Short Squeeze Brewing?

November 1, 2025
No Result
View All Result
  • Home 1
  • Privacy Policy

© 2024 LSD News title="Jegtheme">Jegtheme.