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Click above for our high-res ZR-1 burnout gallery

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Tom Wallace, Corvette Chief at GM, will be retiring from the company at the end of the month. The news was delivered during an event at the Peterson Museum honoring Corvette history. While no reasons were given for the November 1st departure, there is speculation that it could be related to the timing of the seventh-generation Corvette. Wallace may be unwilling to commit to the vehicle's extended launch schedule -- the car was originally set for a 2012 model-year release, but it has reportedly b

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The Corvette C6R at the Detroit Sports Car Challenge

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The saga of the 600-hp super-Vette named Blue Devil has gone back and forth more times than a Sampras/Agassi grand slam, but it’s just been reported by AutoWeek that according to Tom Wallace, GM’s performance cars chief, the devil in a blue dress Vette is a go. Wallace told the weekly car mag that the biggest challenge is figuring out how 600 horsepower is going to be handled by people who can afford to buy the car.

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