A mid-engine 2020 Chevrolet Corvette on the ground of the Los Angeles Auto Present on Nov. 21, 2019.
Michael Wayland / CNBC
LOS ANGELES – Following Ford Motor‘s extremely anticipated debut of the all-electric Mustang Mach-E SUV, consideration is popping to General Motors to doubtlessly leverage the Chevrolet Corvette, its most-iconic nameplate, right into a sub-brand and SUV.
Morgan Stanley analyst Adam Jonas believes the Corvette model might be price $7 billion to $12 billion on a stand-alone foundation, in line with a notice to buyers final week exploring the concept. “It is time to take a look at the potential of GM’s supercar model,” Jonas mentioned, citing it will be “greater than a needle-mover for GM.”
Jonas mentioned the upcoming mid-engine Corvette might “halo a sub-brand that hatches” an all-electric Corvette SUV that will improve Corvette quantity fivefold to 80,000 models by the mid-2020s.
“Traditionally, the considered GM increasing Corvette into something past its single mannequin standing would have been model heresy,” Jonas mentioned. “However occasions are altering in world autos.”
Corvette, in line with Jonas, is “undervalued and underappreciated by the market.” An growth, he mentioned, might help in funding the automaker’s pivot to all-electric vehicles.
Ford reveals its first mass-market electrical automotive the Mustang Mach-E, which is an all-electric car that bears the title of the…