The story says the C8 is codenamed "Emperor." It's expected to be shown to the public in 2018. A General Motors spokesman declined to comment to Autoblog.
The newspaper quotes a former GM employee who says, "It's happening. Mark Reuss [General Motors product chief] wants it. It's the worst-kept secret in town."
No kidding. We've seen spy shots, car magazines have done all sorts of renderings, and breathe the phrase "mid-engine Corvette" if you want chief engineer Tadge Juechter to clam up immediately. Every time GM trademarks anything from Zora to E-Ray, enthusiasts wonder how it relates to a Corvette feature or model. Some even think the C8 will spawn a Cadillac.
The News also quotes former GM product czar Bob Lutz, who says the mid-engine Corvette was approved but then shelved before the company's bankruptcy in 2009. Interestingly, he also suggests the next-gen Vette could have some sort of electric component that could give the car up to 15 miles of range.
Going to a mid-engine layout would be a dramatic departure from the Corvette's more than 60-year history, but it would allow GM to compete with a different range of supercars, including the Ford GT and European exotics.