- Callaway Competition has been given the green light by Chevrolet to build the 2014 Chevrolet Corvette Stingray GT3 racecar.
- Reeves Callaway, company founder, told Edmunds that the Corvette FIA GT3 will "look very DTM-ish with architectural fender flares, a big rear wing and aggressive wheel-arch stance."
- The car will be priced "sub-$400,000," Callaway said, with a debut set for a year from now.
OLD LYME, Connecticut — Callaway Competition has been given the green light by Chevrolet to build the 2014 Chevrolet Corvette Stingray GT3 racecar.
Reeves Callaway, company founder, told Edmunds in a phone conversation on Wednesday that the Corvette FIA GT3 will "look very DTM-ish with architectural fender flares, a big rear wing and aggressive wheel-arch stance."
The car will be priced "sub-$400,000," Callaway said, with a debut set for a year from now.
Callaway Competition will embark on a development program for making the new Corvette C7 into a GT3-class racecar and submit for homologation from the FIA.
As Callaway notes, "GT3 is the form of racing closest to the production automobile. Everything on the road car ends up being the spec for the racecar."
While the specifications aren't set for the C7 GT3, he said horsepower will likely come in "just over the 500-horsepower level." The production version of the 2014 Chevrolet Corvette Stingray is equipped with the LT1 6.2-liter V8 engine that churns out 455 horsepower with the standard exhaust system.
Callaway has been the homologation holder for the Corvette C6 version of the GT3 car with the FIA. Because of the strict homologation rules, buyers only have a say in the color of the car. Callaway said there are 23 of the Callaway Corvettes currently in international competition.
Callaway Competition, which is based in Leingarten, Germany, said in a statement that the Callaway team is currently the most successful in GT3, "based on numerous drivers and team championships from 2007 to present."
"The C6 version is the present high-water mark in the whole field of GT3 cars," Callaway said. "It has consistently been leader of the field since 2005, when we first got into this. The Corvette has beaten them all. You want to see steam come out of German ears, beat them with a Corvette. We build these cars in Germany. It's in the same town as Audi, across the street is Porsche and down the road is Mercedes-Benz. They are all confounded that this American brand built in Germany is cleaning their clocks."
While the FIA GT3 Corvette is aimed at teams, Callaway said he is hard at work on Corvette conversions for the public. The 2014 Chevrolet Corvette Shooting Brake by Callaway was approved for production recently, he said.
"It got a huge reaction from the public," Callaway said. "Those will all be built on the West Coast in our composite facility. They are on target to be less than $15,000 for the conversion."
The conversion includes the hatch portion of the car, which transforms it into a station wagon.
Callaway cars are sold through Chevrolet dealers nationwide.
Edmunds says: Callaway has some exciting news for Corvette aficionados on both road and track.