The Chevrolet Corvette is one of the most beloved models in GM’s line-up. It is the car that put America on the map as far at GT racing is concerned and even today offers the best bang for the buck of any sports car in the world. So with the current economic situation of General Motors, the question we are all asking is what will become of America’s favorite composite bodied GT machine? Will there be a C7?

Thanks to General Motors CEO Fritz Henderson, we will all be able to sleep tonight, because he has just assured the car buying public that the future of Chevrolet Corvette is secure. According to Henderson "Corvette pays its rent," and the future seventh-generation car, dubbed the C7, is still on track, although; the GM CEO was not specific about when the next generation Corvette will be going into production.

Top Speed reported that the C7 was delayed until 2014 last October. But Henderson didn’t deny or confirm it. No matter when we see it, it is good to know that the car is still on track and will be a further improvement of the C6, we might even get to see a little Stingray Concept when it eventually goes on sale.

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