Oil Prices Rise Amid Iran Conflict and Strait of Hormuz Disruption 
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance 
Supreme Court Asked to Reinstate Mail-Order Access to Abortion Pill Mifepristone 
Coles Group Q3 Sales Rise Driven by Supermarkets and E-Commerce Growth 
US Dollar Weakens as Yen Surges Amid Japan Intervention and Central Bank Moves 
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S. 
EU Warns of Response as U.S. Considers 25% Tariffs on Car Imports 
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth 
US Stock Futures Mixed as Fed Holds Rates, Oil Prices Surge, and Big Tech Earnings Drive Market Moves 
Yen Weakens After Intervention Spike as Dollar Stabilizes Amid Global Tensions 
Dollar Holds Near Two-Week High as Fed Hawkish Shift Lifts Yields, Yen Near Intervention Zone 
Gold Prices Hold Steady as Iran War and Interest Rate Outlook Weigh on Markets 
AI Stocks Rally in Asia as Oil Surge and Hawkish Central Banks Shake Global Markets 
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales 
Wall Street Surges to Record Highs Amid Strong Earnings and Economic Stability 
US-Iran Conflict Escalates Amid Oil Blockade and Rising Global Tensions 
General Motors revealed this week that it would be producing a fully electric version of its Chevrolet Corvette luxury sports car model. The company’s president, Mark Reuss, announced this plan through a post on LinkedIn.
His post includes a short video of the Corvette and said that the new hybrid model is coming soon. He did not mention any exact date but said the electric Corvette will be offered as early as 2023, and more details and names are coming at a later date.
“Some time ago we moved the Corvette team into the EV space in Warren, Michigan, and when we revealed the new mid-engine Corvette, I said there would be ‘more to come.’ This morning I sat down with Phil LeBeau of CNBC and finally answered the question I’ve been asked countless times,” Reuss wrote in his post.
He continued, “Yes, in addition to the amazing new Chevrolet Corvette Z06 and other gas-powered variants coming, we will offer an electrified and a fully electric, Ultium-based Corvette in the future.”
As per CNN Business, in the video that was also posted on Twitter, a hybrid Corvette has been shown, and the vehicle’s power was illustrated by showing the wheels spinning through the snow. Then again, it is not clear if General Motors is making the all-electric version of the car model in the clip, or it will be a completely different model.
BREAKING: An electrified #Corvette will be available as early as next year and a fully electric version to follow. Stay tuned for more. pic.twitter.com/6lDUWpOIZ2
— Chevrolet (@chevrolet) April 25, 2022
It was mentioned in the report that General Motors has long been rumored to build a Corvette with a hybrid system. But Reuss already hinted that the electrified version would be a new variant of the Chevrolet Corvette’s current generation.
As of this time, the sports car model is only available in the base Stingray variant fitted with a 6.2-liter V8 engine that produces up to 495 horsepower. There is also the Corvette Z06 with a 5.5-liter V8 and 670 horsepower that was introduced last fall.
At any rate, General Motors’ move to have its Chevrolet Corvette electrified is not surprising as the company has long announced its goal to shift to electric and only sell these types of vehicles by the year 2035.
