General Motor's Executive Vice President of Global Product Development has confirmed the company has been begun working on the next-generation Corvette.

General Motor's Executive Vice President of Global Product Development has confirmed the company has been begun working on the next-generation Corvette.

Details are limited but the Mark Reuss told the Detroit Free Press the next-generation Corvette is already in development and he wouldn't rule out the possibility of a hybrid or an electric variant. While the latter seems highly unlikely, a hybrid could be a possibility as everyone from Porsche to McLaren has embraced the technology.

Obviously it's too early to talk about specifications but the model will presumably be more powerful than its predecessor which features a 6.2-liter LT1 V8 engine that produces up to 460 bhp (343 kW) and 465 lb-ft (630 Nm) of torque with the optional sports exhaust system.

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