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The future of the Chevrolet Corvette is secure, General Motors CEO Fritz Henderson says, even as GM dramatically slashes its size and costs.

In an exclusive interview with AutoWeek, Henderson says that not only is the Corvette's current platform undergoing continual development, but the future seventh-generation car, dubbed the C7, also is on track.

He would not specify when the C7 Vette would hit showrooms.

Henderson was bullish on Corvette. Not only is he a Corvette enthusiast who drives one, he knows that it contributes to the company's bottom line.

According to GM's top man, "Corvette pays its rent."

The current sixth-generation C6 Corvette has been in production since 2005. The C6 platform used major components from the C5 fifth-generation Corvette, but with substantial upgrades.

AutoWeek reported in October that work on the C7 Vette had been put on indefinite hold as GM scrambled to cut costs. The talk then was that the C6 platform could be as old as 12 years before the C7 was ready to go.



Click here to watch video of the Henderson interview.

To read more visit the AutoWeek New car news, road tests, blogs, pix and expert insight section.

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