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According to the latest reports from AutoWeek, it appears that General Motors is mulling a radical re-engineering for the Chevrolet Corvette, focused on a more fuel-efficient, mid-engined V6 powertrain as well as on a lightweight alloy body and a more compact footprint.

Apparently GM plans a more modest revamp of today’s C6 into the C7 version, which got as far as engineering development but was then canceled due to the global credit crunch.

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Radical mid-engined Corvette C8 in the works

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