The Corvette, to follow Pontiac?

[ZoominC6]

Our Corvette club received a letter from the CEO of GM that basically stated that Corvette would be around since GM makes more money off Vettes than any other product coming off the line. We shall see.

[mutcth]

Originally Posted by Minnie's Mate

Weren't they just saying today that GM would be filing for bankruptcy despite the billions that have been poured into it?

The billions kept it running long enough to declare bankruptcy - in other words, it allows some sort of semi-orderly restructuring rather than a collapse.

GM has recently announced the deaths of a lot of high-performance models (Cobalt SS, Impala SS, HHR SS, STS-V, Solstice/Sky) but Corvette remains so far.

Tom

[Minnie's Mate]

Full-sized SUV's were the cash cows of the last 10 years, but now they are toast for the most part...not dead, but they will be specialty vehicles primarily for those that have to have them, i.e. commercial contractors, equine industry, large families and RV'ers like us. Corvette has always been a niche market for Chevy, let's hope the powers that be will let it remain so.

[PeeWee]

Evening falls on the Corvette.

[Journalist]

Rest easy, the 'Vette isn't going anywhere. It may get a cost saving redesign, but it won't be killed off.

[StingrayL82]

I just read an article in this evening's newspaper that 6 GM execs sold off nearly 205,000 shares of GM today. GM stock dropped $.17 to finish out at $1.44.

On a good note, here is an article that was posted on the Corvetter Action Center Forum.

GM's Henderson: Corvette's future is secure

By DALE JEWETT
AutoWeek Magazine

Watch the video: VetteTube - Corvette Videos, Corvette Crashes, Corvette Burnouts, Corvette Racing

The future of the Chevrolet Corvette is secure, General Motors CEO Fritz Henderson says, even has GM dramatically slashes its size and costs.

In an exclusive interview with AutoWeek, Henderson says that not only is the Corvette's current platform undergoing continual development, but the future seventh-generation car, dubbed C7, is also on track.

He would not specify when the C7 Vette would hit showrooms.

Henderson was bullish on Corvette. Not only is he a Corvette enthusiast who drives one, he knows that it contributes to the company's bottom line.

According to GM's top man, "Corvette pays its rent."

The current sixth-generation C6 Corvette has been in production since 2005. The C6 platform used major components from the C5 fifth-generation Corvette, but with substantial upgrades.

AutoWeek reported in October that work on the C7 Vette had been put on an indefinite hold as GM scrambled to cut costs. The talk then was that the C6 platform could be as old as 12 years before the C7 was ready to go.

[Minnie's Mate]

Wow, C6 in production for 12 years. That's a while even in today's auto environment.

[henw]

Maybe the vette will go electric.
www.teslamotors.com.

Tom

[Minnie's Mate]

My wife and I were talking about these last night. I think the sedan looks a lot like the Maseratti (sp?) sedan...only better. The company says it could bring the price down considerably if it could get a one billion dollar infusion of stimulus money from the Obama administration and make them competitive with other family sedans. Why are we giving billions to Crystler and GM and then pushing them into bankruptcy when something this dynamic is available for much less of an investment. BTW, do we really expect to ever see any of that money the Obama administration is giving to the two biggies?

[RedSHED]

Originally Posted by henw

Maybe the vette will go electric.
www.teslamotors.com.

Tom

You know, that's not a half bad idea. One of the things GM has been able to do with the 'Vette is to prototype technology instead of exposing themselves to huge warranty claims.

Hmmm, maybe there'll be a CorvEtte in the offing.

Makes sense.