A Closer Look at the 2015 Chevrolet Corvette Z06 Convertible

The Motley Fool gets up close with the droptop "Big Nasty" Vette in New York.

Apr 23, 2014 at 7:32PM


GM unveiled the 2015 Chevrolet Corvette Z06 Convertible in New York last week. Photo credit: General Motors Co.

The Chevrolet Corvette has never been a big factor in General Motors(NYSE:GM) bottom line from quarter to quarter. It's said to be a solidly profitable product, but it has never sold in big numbers. For nearly all of its 51-year history, GM has sold fewer Corvettes in a year than it sells pickup trucks in a month. But it's an important product for other reasons.

Ask any auto executive, and you'll learn that high-performance models help to sell other, more mainstream vehicles. They bring folks into showrooms, but they also get auto enthusiasts excited -- and those enthusiasts are the ones who friends turn to when they need advice on their next new car. 

Put another way, the existence of a fire-breathing Corvette helps make the Chevy brand a little cooler, a little more in favor with the kinds of people who can help shape others' views of the brand. And Corvettes don't get more "fire-breathing" than the new Z06 model, a track-ready monster with a supercharged V8 making ("at least," GM says) 625 horsepower.


The Z06 Convertible is powered by the same supercharged 6.2-liter "LT4" engine that will be offered in the Z06 Coupe. Photo: General Motors Co.

We -- the Motley Fool's John Rosevear and Rex Moore -- were on hand when GM showed off the new 2015 Corvette Z06 in Detroit back in January. That event, hosted by GM President (and Corvette enthusiast) Dan Ammann, and global product chief Mark Reuss, was a loud, rowdy party for a hot new model. GM was on an upswing at the time, with a brand-new CEO, and in the mood to celebrate a bit. Reuss affectionately referred to the new Z06 as "the Big Nasty," and it was revealed with a loud roar from its exhaust.

The recall scandal that emerged a couple of months later has darkened that mood considerably. GM's presence at the New York International Auto Show last week was much more subdued. The Chevrolet display was in a separate area, away from the main show floor, and GM didn't have a single press conference during the two days set aside for media events at the show.

That's unusual. Nearly every other automaker had something to announce at the show. GM held a couple of private events at other locations in New York the night before, but they had nothing to say at the show itself. 

They still had some interesting models to show, though, including a new convertible version of the Z06. Like the Z06 Coupe; it comes with that supercharged 6.2 liter V8, with your choice of a seven-speed manual or a new eight-speed automatic transmission. And like the Z06 Coupe, we expect it to go into production around the end of this year and to start showing up at Chevy dealers in the first quarter of 2015. 

GM may not have had an event for the new Z06 Convertible at the show, but they did have a handsome Laguna Blue example for us to check out. In this short video, you can join John for a close-up look, and hear his thoughts about the latest -- and arguably wildest -- new version of the Corvette for 2015.

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John Rosevear owns shares of General Motors. Rex Moore has no position in any stocks mentioned. The Motley Fool recommends General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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