Earns 1998 North American Car of the Year Award
02:17 p.m Jan 05, 1998 Eastern
WARREN, Mich., Jan. 5
/PRNewswire/ -- The all-new Chevrolet Corvette earned the prestigious
1998 North American Car of the Year Award, today, from an independent group of 48
journalists at Detroit's North American International Auto Show.
Corvette won the top honor in a very
competitive field of 24 passenger cars selected by the journalists for the fifth annual
"This award caps a terrific year for Corvette
that began, appropriately enough, at last year's Detroit show when we unveiled the fifth
generation Corvette coupe," said John G. Middlebrook, Chevrolet
general manager. "We've gotten several awards with the new Corvette
but this one is especially gratifying because it comes from a very diverse group of very
The 1998 award is for both the Corvette
coupe and convertible models. The fifth generation coupe made its public debut during the
'97 model year, with a stunning convertible version added to the lineup in 1998. The
legendary topless sports car adds more than $1,300 worth of premium standard equipment,
yet is priced $635 less than the 1996 convertible, the most recent year that the
convertible version was offered.
The 1998 Corvette coupe MSRP is $38,060
(including DFC), and has more than $1,200 worth of premium standard equipment, yet is only
$270 more than the 1996 model ($37,790 MSRP).
"Corvette's value and prestige is due
to the efforts of people throughout Chevrolet and General Motors," said Dick Almond, Corvette
brand manager. "The folks at GM's Midsize - Luxury Car Group and GM Powertrain also
deserve to be recognized for their long hours in developing the latest iteration of
America's most famous sports car."
"They dedicate themselves to continually improving the
Corvette," said Almond. "The most recent refinement is Corvette's
optional Active Handling chassis control system."
Corvette's Active Handling system features
a unique blend of sensors that are capable of reading steering inputs, vehicle yaw rate
and lateral g force, then activating the vehicle's brakes on a selective basis to help
stabilize the car in emergency maneuvers.
The system will be featured on the Corvette
that pro golfer Greg Norman will use to pace the Indianapolis 500 this spring.
The Corvette team, however, is not
resting. It has been working diligently on another version of the current Corvette
for introduction later this year.
All fifth generation Corvettes include a
new 5.7-liter small block V8 engine that delivers 345 horsepower and 350 lbs.-ft. of
torque, more interior space with improved ergonomics, and new exterior styling that echoes
the past and announces the future. In short -- the best 'Vette yet. SOURCE Chevrolet Motor