Neck-deep in a turbulent economy, GM has announced they’re officially suspending further development of the mid-engined C7 Corvette. Initially, plans for the new C7 received the green light from CEO Bob Lutz when early projections revealed a mid-engine mount could enable GM to do what the current Corvette’s front engine and rear transaxle layout cannot: allow for the possibility of cylinder deactivation. Several months into the plan, however, GM discovered that the cost of research and development of the fuel efficient C7 would ultimately exceed any potential CAFE benefits. Still faced with the obstacle of tighter CAFE standards in 2011, although the plans for a new engine mount have been abandoned, GM is still reportedly exploring the possibilities of a V6 C7, or, as it is more commonly known, a Camaro [I mean really, a V6 in a ‘Vette? What’s the point?].
News Source: LeftLaneNews.com]