• Oct 7th 2008 at 10:37PM
  • 24
The rumormill is a funny thing, and sometimes it can run amok. This appears to be one of those times. The DigitalCorvettes.com forum posted a note earlier this evening saying that Corvette ZR1 production has been halted (Bowling Green is shut down this week, so no Vettes are being built at the moment) and suggesting that the ZR1 may be cancelled. A post on dealer Rick "Corvette" Conti's blog, linked in the referenced DigitalCorvettes thread, added to the intrigue.

Autoblog has contacted GM's Terry Rhadigan, who handles global communications for the Chevrolet brand. We presented the DigitalCorvettes link and asked for an official response. His was very clear:

"Not true."

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
      • 6 Years Ago
      Sunset in the background of photo is fitting symbolism...

      R.I.P. all production gasoline V8s
        • 6 Years Ago

        Get out of here. That's all I can say to you in a polite manner.
      • 6 Years Ago
      Listen. The ZR1 is a prime example of American speed, power and prestige that is attainable and within reach (relatively speaking). This car reminds us that its not only the Italians, Germans or Japanese that can build sports cars.

      However, this car was built at a very wrong time. GM has big issues to deal with. They simply can not sustain the product of this car. They need to stop producing this car, cut there losses and bring this back in 3-5 years.
        • 6 Years Ago
        Ferrari isn't on the financial ropes, nether is Mercedes.
        • 6 Years Ago
        Pay no attention to the high profit margins kept by this type of car.
        • 6 Years Ago
        Its limited production no need to kill it
        • 6 Years Ago
        There's no reason GM can't turn a profit on this car. You, being incredibly anti-GM assume this car is a loss-leader. It's unlikely to be true given how little extra engineering it had over the regular Vette and the profit margins on it.
        • 6 Years Ago
        It was no more built at the wrong time than the Ferrari 612 Scaglietti was. Or the Mercedes CL65 Black.

        Yes, these vehicles do drink a lot of fuel. But the people who buy them don't care. Even at much higher fuel prices these limited high-spec cars would still sell.

        If GM did their engineering and accounting correctly and recoups their development cost, then releasing this car was a smart thing.
      • 6 Years Ago
      If it gets canceled it will be by the liquidators, not GM.
      • 6 Years Ago
      The car is already tooled up.
      Profit margins are bound to be extremely high on it.
      Demand does not necessarily dry up for limited tradition/high dollar items during a recession.
      • 6 Years Ago
      the car's already developed, prototyped, and even driven by some of the media. as long as they're not losing money on each one sold, they'd be fantastically stupid to cancel the car at this point.

      and it's not like a few hundred zr1s are going to impact CAFE all that much anyway...
      • 6 Years Ago
      The Corvette is one of (if not THE SINGLE) top money maker for GM. I'm talking both as measured by margin per car, and in absolute terms (margin x volume). Unlike the GT-R, the ZR1 has VERY healthy margins (if you don't believe me, think about it for two seconds. Add up the cost for a base vette plus the necessary upgrades to get to 640hp - it's well short of $100k. And you're paying retail, not OEM prices for the add-on bits).

      I can't imagine how this one got started. You'd have to be SO uneducated about ...

      Oh, right, I forgot - we're talking about the internet here.
      • 6 Years Ago
      Why would GM kill off the ZR 1 when they just introduced the car? I know that the Corvette isn't a big $ maker for them but I doubt they would intro a car and then 6 months later snuff it. Obviously someone has their story a little mixed up, even with the big economic downturn I am sure they will still find buyers for every last ZR 1. As it is a pretty kickass car for the money and the production numbers will be quite low.
      • 6 Years Ago
      why would they cancel it? 640 horsepower and 20 MPG is makes this car killer. GM would have been foolish to cancel the ZR1. especially this early.

      anyway, I'm glad it's not true.
      • 6 Years Ago
      In the end, it's not much more than a supercharged Z06 so production costs can't be THAT much more. Yes they have some more in parts like the brakes and engine, but both of those are priced to include the markup as well. Great car, probably my favorite in all of the World right now, but I really don't see them cancelling a car that just came out.
      • 6 Years Ago
      It's funny how any idiot can post a rumor on a blog and all of a sudden it's actually considered as truth.

      Well, we now know digitalcorvettes.com is unreliable.

      • 6 Years Ago
      this would be too sad. keep it alive, folks.
      • 6 Years Ago
      The cynic in me thinks that that page got exactly what they were looking for.
    • Load More Comments