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This was passed on to me and I thought I'd post it here. I cannot confirm or deny the information so take it for what it's worth:
Again, I cannot confirm or deny the information so take it with a grain of salt. Basically, we should see some very exciting things coming for the Corvette in the next couple of years!
Engine: Coupe and convertible may see an increase in hp and torque, approximately 365hp/365 lb-ft. This horsepower increase would be achieved by using the same camshaft used in the 2002 LS6 engine as well the elimination of the pup converters, MAF screen deletion and 2002 Z06 air intake.
Colors: New for 2003: "Red Mist Metallic"
Z06: The 2003 Z06 may see another increase in horsepower. This increase would be achieved by head and computer software revisions and possibly a new throttle body design. Expect to see around 425hp/425 lb-ft of torque.
50th Anniversary: May see a 427 engine, "LS88" built by Lingenfelter Performance Engineering and possible outupt of 520 hp/520 lb-ft of torque. The engines would probably be built at LPE and shipped to the BG facility for installation on the line.
Again, I cannot confirm or deny the information so take it with a grain of salt. Basically, we should see some very exciting things coming for the Corvette in the next couple of years!