In a web chat today on GM FastLane Blogs, CEO Fritz Henderson answered a direct question about the future of the Corvette:

15:35 [Comment From John ]
Will the Corvette survive as athe V8 engined rear wheel drive icon we all love?

15:36 Fritz Henderson: yes. my wonderful baby is my 2005 corvette coupe. we have more in store for the future and this iconic brand will retain its powerful place within the new gm.

From the what we’ve seen on Mr. Henderson in the media, he seems like a guy that gives very straightforward answers. We look forward to what the future holds for the Corvette!

Source: GM FastLane Blogs