Chevrolet Corvette

The iconic Chevrolet Corvette – the USA’s answer to Ferrari and Porsche supercars – will be priced between $145,000 and $175,000 plus on-road costs when it arrives in Australian showrooms at the end of this year. While it will be one of the most expensive cars to come out of North America, the V8-powered mid-engined Chevrolet Corvette will cost about half the price of a Porsche 911 and a fraction of the cost of a Ferrari, despite offering similar acceleration and performance.

The instantly recognisable and bona-fide classic Chevrolet C2 Corvette is set to be reinvented as a 1470kW all-electric modern ‘hyperclassic’. Small Irish company, Studio AVA, has enlisted the help of the C2 Corvette’s original designer, Peter Brock, and Jaguar, Aston Martin and Land Rover stylist Ian Callum, to help create what it hopes will combine “hyper-modern power and performance” with “the body and soul of a classic”.

General Motors may be getting ready to launch a new sub-brand based on the Corvette. According to a report from business news outlet Bloomberg, sources inside the company have confirmed General Motors' plans to build a number of Corvette-inspired models – known internally as 'Project R' or 'Brand R' – and kicking it off with an all-electric SUV.

US car giant General Motors will retain a presence in Australia with a range of specialist vehicles including the Chevrolet Silverado pick-up and Corvette sports-car from the US, Holden has confirmed today. The new General Motors Specialty Vehicles operation will be established by the end of this year, as the Holden brand is retired.

The upcoming Bolwell Nagari 500 – on display at the 2019 Motorclassica show in Melbourne – could be fitted with the new Corvette V8 if the Chevrolet is sold locally. Campbell Bolwell, founder of the Australian sports car company Bolwell, told CarAdvice development on the new Nagari 500 is progressing well, but the car was currently "too fast".