There have been rumors about the next generation Chevrolet Corvette C7 from the time Corvette C6 has been launched. The General Motors new model extravaganza in Detroit shared reports that the next generation Vette will be launched in the market by 2012.

It was earlier told that GM had put C7 Corvette on hold due to the company’s weak balance sheet and uncertain CAFÉ regulations as of late 2008. These issues are now resolved and hence the company has taken the decision to launch the new model.

The report mentions the date of commencement of project as April 2012 and for sale as 2013. This is first step moving towards project details rather than holding it for indefinite status or an estimated 2014 debut that was earlier proposed. This is just moving toward pre recession plans.