General Motors is in a good spot. The automaker is profitable, it’s back under private control, its ignition switch fiasco has nearly come to a close and, more importantly, its portfolios across major automotive markets are extremely competitive.
Why do we lay that out first? Because, it means GM can afford to allocate extra capital for a very special project. That project is a mid-engined Corvette. While the automaker, nor the Corvette team, has said any word of confirmation, Corvette Forum has reportedly received some sensitive intel from an unnamed source.
According to the source, the mid-engined Corvette has been under development for a few years now, with the first test mule spotted this time last year. That, or there’s going to be a very niche, wide-body Holden Commodore Ute with an unusable bed. The source also spilled the project is likely heading to validation at the time you’re reading this, meaning a confirmation of the program should be public soon, maybe even this year.
Attitudes inside GM are fierce towards upsetting cross-town rival, Ford, and its GT supercar it revealed at the 2015 North American International Auto Show, and certain insiders have been itching to upset the GT. With that information, if the source is accurate, we’d place our bets on a big announcement for the 2017 North American International Auto Show.