chevrolet corvette c7

According to multiple unnamed sources speaking with Autoweek, General Motors has put its plans for a C7 Corvette on "indefinite hold, with no official or set timetable." That's a pretty broad admission, but not entirely surprising considering the financial issues plaguing GM, the rest of the domestics and the world as a whole.

Originally it was thought that the current C6 Corvette would undergo significant upgrades over the course of the next five years, with the C7 coming to market in 2014. That timeframe doesn't appear to hold water anymore, and Autoweek maintains that GM's leadership doesn't have a clear plan for what the future holds for the 'Vette, not to mention the rest of the General's lineup.