UPDATE: After conferring with Motor Trend and finding the original source, it's clear that GM's Jim McQueen did NOT say the C7 Corvette will produce up to 700 hp.

MakeChevrolet ModelCorvette Stingray Coupe Base MSRP$68,300 Engine6.2L V8 Gas Horsepower490 hp Torque465 lb-ft Transmission8 ... leaf-sprung ancestors, the C7 Stingray was more technologically ...

that comparing it to the C7 Stingray no longer made sense. It was about as quick as the track-focused C7 Z06. Despite the 155-hp difference, both cars offered the same 2.9-second 0-60 mph times ...

Chevrolet has officially dropped power figures for the 2014 Corvette Stingray. The sports car's ... Using the standard exhaust, the engine yields 455 hp and 460 lb-ft of torque.