Finally after months of anticipation Chevrolet takes the wraps off the all-new 2014 Corvette C7 which revives the legendary Stingray badge. This is literally an all-new model, sharing only two parts with the old Corvette. It is built in an upgraded factory, features an all-new frame structure and chassis, a new powertrain and supporting technologies, and has a brilliant new design inside and out.

Looking much cooler than any leaked picture or rendering, the new Stingray features an aggressive look with a wicked smile at the front, complemented with its new badge. There are new vents in the hood, the side wings and the quarter panels, which are designed to not only work together, but have a visual appeal as well. The rear-end is especially good, what with its Camaro-inspired taillights, and quad central tailpipe design.

The Stingray is powered by a new 6.3 liter small block V8 engine with an estimated 450 horsepower (335 kW) and 450 lb.-ft. of torque (610 Nm). This engine, in its basic version for the C7, enables the car to go from zero to 60 mph (100 km/h) in less than four second, while returning 26 mpg. It comes with a new seven-speed manual transmission with Active Rev Matching. Later on there will be more powerful version of it with even more vivid performance.

Part of the reason the Stingray is so fast is because it is very light. It is made from a blend of lightweight materials, including a carbon fiber hood and removable roof panel; composite fenders, doors and rear quarter panels; carbon-nano composite underbody panels and a new aluminum frame.

The interior of the new Corvette is also massively upgraded over the last generation. It is a much nicer design with a driver-focused center console, and features up to the minute technologies. It features real carbon fiber, aluminum and hand-wrapped leather materials, two new seat choices – each featuring a lightweight magnesium frame for exceptional support – and dual eight-inch configurable driver/infotainment screens.

The Stingray is a real sports car, which is why right from the get-go there is a Z51 Performance Package available for it for those who are planning to use it on the track. It adds an electronic limited-slip differential, dry-sump oiling system, integral brake, differential and transmission cooling, as well as a unique aero package that further improves high-speed stability.

The new ‘Vette will be built at GM’s Bowling Green, Ky., assembly plant, which underwent a $131-million upgrade, including approximately $52 million for a new body shop to manufacture the aluminum frame in-house for the first time. It will hit the market in the third quarter of 2013.