(Bloomberg) -- General Motors Co. unveiled the newest version of “America’s sports car” at a party in Miami on July 25 on a wave of success, basking in record revenue bolstered by strong demand for gas-powered trucks and SUVs.
The 2025 Chevrolet Corvette ZR1 gets 1,064 horsepower and 828 pound-feet of torque from its 5.5-liter twin-turbo V8 engine. Available in both a coupe and a convertible form, it’s the most powerful variant yet of the model line that was introduced in 1953 and the first to utilize turbocharging as a way to boost performance.
Pricing on the new vehicle will be announced closer to its production starting in 2025. It’s expected to be far above the $68,300 cost of the base model Corvette Stingray but less than competitors from Porsche and Ferrari, Mark Reuss, the president of GM, said on Bloomberg’s Hot Pursuit! podcast. The model has been designed “from day one” to be accessible to buyers at different price points, Reuss said.
Subscribe to Hot Pursuit! on Apple Podcasts, Spotify or anywhere you listen.
“I want everybody to be able to enjoy these cars,” he said. “I don’t think Corvette or Chevrolet stands for anything else. It’s not farmed out, it’s not made somewhere else. It’s not a half a million dollars. It’s a pretty thoughtful progression in price that matches the performance.”
The debut follows GM’s July 23 report that profits are up 60% from a year ago, with the company at $3.06 a share on an adjusted basis in the second quarter up from $1.91 a year ago, a surprise performance amid faltering electric-vehicle sales and lackluster results at other automakers like Ford Motor Co. and Stellantis NV. GM said it will delay some of its EV investments, postponing again the opening of an electric pickup truck plant in the city and delaying a Buick plug-in amid the uncertainty in EVs.
Corvettes are available in the entry-level Stingray, the Z06 and the E-Ray hybrid versions, with the performance-oriented ZR1 now added to the mix. An even higher-powered hybrid, code-named Zora, is also expected next year; GM has filed to trademark the name in more than 30 countries, most recently Mexico in June.
In addition to the new turbochargers, the ZR1 revives the split rear-window design that hasn’t been seen since Corvette’s second generation in the 1960s. The design looks like a carbon-fiber spine running between the two rear windows and provides increased heat extraction from the engine. It’s available in an exposed weave or in a matching body-color paint.
Customers who buy the ZR1 will also get a new intake system, updates on the eight-speed dual-clutch transmission and a sleeker body line, as well as plenty of carbon fiber. A new carbon-fiber roof reduces mass and lowers the center of gravity for both coupe and convertible; a carbon fiber front splitter and side intake integrated with brake cooling are standard; meanwhile, a ZR1 exclusive carbon-fiber wheel design is optional.
Top speed for the ZR1 is 215 mph. A spokesperson declined to specify either the 0-60 mph time or the Nürburgring lap time achieved during vehicle testing. “We are saying we’ll have a sub-10-second quarter mile,” the person says.
An optional ZTK performance package adds a high-downforce rear wing, more-aggressive styling on the front and a tall lip on the hood made from carbon fiber. The suspension is tuned to be stiffer on the ZTK, which has Michelin Pilot Sport Cup 2R tires on 20-inch wheels in the front and 21-inch wheels in the rear. Pricing on the ZTK package will be disclosed closer to production, the spokesperson says.
(Updates with pricing comments and podcast with GM President Mark Reuss)
©2024 Bloomberg L.P.
