Corvette C7 put on hold
The new 35-mpg CAFE laws due to come into effect in 2020 has lots of effects all over the auto industry. And how automakers do not know what they would do to put this laws into reality, they start putting future project on hold. GM, for example, announced that the future C7, and also the RWD Impala are on hold.
GM had big plans for the C7. First they said it will be an evolution of the current V-8-powered, rear-drive layout; then an all-new mid-engine design; and finally a car based around the smaller, lighter Kappa component set. But at the Detroit Auto Show, the company said that "a regular LS2-powered Corvette with a 300-pound weight reduction would deliver the same performance as a 505-horsepower Z06. "
This means that GM will focus on reducing weight in its future Corvette and not on increasing the power.