That is just too sad to even comprehend. The Corvette is a national treasure, and there are cars that get worse MPG than it does...although I haven't seen the EPA estimates on the ZR1.
But like other rumors of the past (does anyone remember the story about the 'possible turbo V6 Corvette' during the 90s? - the backlash from that made GM's head spin), I have my doubts that our red-blooded American sports cars are quite ready for the grave. But changes are on the way with Ford's proposed 3.5T Mustang. I just can't imagine a world with no Corvette.
A shocking statement indeed: "The analyst expects GM to shrink to just two divisions, Cadillac and Chevrolet. Buick, Pontiac, GMC, Saturn, and HUMMER will all cease to exist."
That's a bloodbath if I ever saw one.