First all-new Corvette in nine years unveiled in Detroit

The seventh-generation Chevrolet Corvette — the first all-new Corvette in nine years — was unveiled this week at an invitation-only gathering in Detroit hours before the North American International Auto Show was scheduled to open for press reviews, the New York Times reported Sunday.

At a starting price of just under $50,000, the Corvette, which includes a revival of the long-dormant Stingray badge, is priced more than $30,000 below what General Motors considers its chief competitor, the Porsche…