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Stock impact report

2020 Chevrolet Corvette: Why It Was Time to Move the Engine [Fortune]

PORSCHE AUTOMBL UNSP/ADR (POAHY) 
NASDAQ:AMEX Investor Relations: porsche-se.com/en/investor-relations
Company Research Source: Fortune
Pinterest For fans of American sports cars with big V8 engines, the introduction of a new Chevrolet Corvette is a milestone event. And the arrival of the long-awaited eighth generation 'vette is particularly special. GM unveiled the "C8" Corvette at a private event for media and a select few owners on Thursday in Irvine, Calif. As the first Corvette to place the engine behind the driver, the new model signals the American brand’s dash to compete with exotic sports cars. “Where else can you get a supercar that goes from 0 to 60 in less than three seconds for this kind of money?” said The Corvette’s traditional front-engine, rear-wheel-drive layout endured for seven decades, making it one of the world’s longest-running, continuously produced passenger cars with sales surpassing 1.7 million units. Named after a warship, the Corvette debuted as a “dream car” convertible in 1953 at the GM Motorama show in New York’s Waldorf Astoria hotel. “This is the right time to move to mid-engine,” sai Show less Read more
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