Is Chevy Working on a Lower Cost Version of the C7 Corvette?

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Remember back in the 1990s when Chevrolet had thoughts of coming out with a low-budget stripped-down C5 Corvette? For whatever reason, Chevy never really followed through on those plans, although it did offer the slightly less expensive hardtop model in 1999 and 2000 before it morphed into the higher performance (and more expensive) Z06. Now,