Cadillac's global vice president, Robert Ferguson, has said the company is considering an XLR successor but a new report is indicating it won't be based on the Corvette Stingray.

Cadillac's global vice president, Robert Ferguson, has said the company is considering an XLR successor but a new report is indicating it won't be based on the Corvette Stingray.

In an interview with Fox News, Corvette Chief Engineer Tadge Jeuchter said “This is a Corvette, it’s optimized for the Corvette market." He added, "There’s no intent to offer any other nameplate, aside from the Corvette.”

While Jeuchter dismissed the possibility of a Corvette-based XLR successor, Ferguson has recently suggested the Elmiraj concept could be headed for production as it's "very doable" and "dealers really want a vehicle like this." While the Elmiraj is vastly different than the XLR, it features a twin-turbo 4.5-liter V8 engine that develops approximately 500 bhp (373 kW) and 500 lb-ft (678 Nm) of torque.

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Corvette Chief Engineer dismisses the chances of a Vette-based Cadillac XLR successor