General Motors (Fortune 500) brought back the Stingray name on an all-new Corvette sports car the automaker unveiled Sunday night in Detroit. The Stingray name was introduced in 1963 and last used in 1976. ,
"Stingray is one of the hallowed names in automotive history," Ed Welburn, vice president of global design for GM said in a statement. "We knew we couldn't use the Stingray name unless the new car truly lived up to the legacy."
The new 2014 Corvette will be the most powerful base Corvette ever with a 450 horsepower 6.2-liter V8, but GM boasts it will also be the most fuel-efficient 'Vette ever. It expects the 2014 model to exceed the 26 miles-per-gallon performance of current Vettes.
The new Corvette Stingray boasts sharp new styling, more features and 0-60 acceleration in under 4 seconds.