GM announced plans to invest $131 million (EUR88.1) in the Bowling Green assembly facility to support the production of the next generation Chevrolet Corvette.

GM announced plans to invest $131 million (EUR88.1) in the Bowling Green assembly facility to support the production of the next-generation Corvette.

Chevrolet stated that the plant will continue building the current-generation model “at least for the next two model year.” The redesigned Corvette will not be released until the 2014 model-year, at the earliest.

Mark Reuss (GM President North America), said that “This is a significant moment for anyone who believes America should make world-class, high performance products.” The Corvette is the best domestic supercar in performance and heritage, and it stands alongside some of the most respected supercars in the world with nearly 60 years of uninterrupted history.

The Corvette C7 will be smaller and lighter than its predecessor, as we reported previously. Speculations have swirled that a V6 might be offered. GM however denied these claims and suggested that a hybrid is more likely. We expect the car to borrow some styling cues from the Stingray concept , which was prominently featured on Transformers 2 : Revenge of the Fallen.