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Fortune Magazine: Corvette Stingray – A Harbinger of GM’s Turnaround?

by Mitch Talley on August 26, 2013

Fortune Magazine: Corvette Stingray - A Harbinger of GM's Turnaround?

The seventh-generation Corvette continues to earn positive reviews from the media.

The latest to jump aboard the Stingray bandwagon is Fortune Magazine.

One of its writers came away mightily impressed after testing the car earlier this month in Monterey, Calif., just as our own Keith Cornett did.

Fortune also got a professional driver, Jorge Koechlin von Stein, to come along and see what he thought about Chevrolet’s 2014 Chevrolet Stingray. Add Von Stein, a former racer-turned-journalist who competed in the British Formula One Series, to the growing list of C7 fans. Fortune says von Stein was “unreservedly ecstatic” about the car’s performance over 150 miles of winding roads, not all of them in the best of condition, either.

Fortune admits it’s too early to tell if the rest of General Motors will respond favorably and come along for the Stingray ride but did point out that Chevy’s new sports car competes very favorably with competition that costs twice as much or more, including Porsches and Ferraris.

“Watch out” was the warning that von Stein offered up to Stingray competitors since the car’s 455 horsepower engine is capable of 0 to 60 times of 3.8 seconds while offering a very rewarding driving experience at a base price of just $51,995.

Another man who apparently believes GM is on the way back up, thanks to new cars like the Stingray and the 2014 Impala, is Warren Buffett, who makes a habit of buying undervalued companies in anticipation of their stock rising.

Buffett says his company, Berkshire Hathaway, recently upped its shares of GM stock by 60 percent, or 15 million shares, to a total of 40 million shares.

Fortune says the 2014 Stingray is reminiscent of the first batch of Lexus cars back in the early 1990s, which ultimately proved that Toyota’s new luxury brand was capable of running with the big boys like Mercedes-Benz.


Source:
Fortune Magazine

Related:
[VIDEO] Autoweek Drives the 2014 Corvette Stingray
[VIDEO] Autocrossing the 2014 Corvette Stingray
[VIDEO] Motor Trend Tests the 2014 Corvette Stingray Z51

 

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