New 2015 Chevy Corvette Z06 becomes the fastest car GM has ever made

General Motors has released the initial performance results of 2015 Chevrolet Corvette Z06, making it the fastest car GM has ever made. The new 'vette accelerates from a full stop to 60 mph in a record-breaking 2.95 seconds when equipped with the all-new, eight-speed paddle-shift automatic transmission.

2015 Corvette Z06 Benchmarks:

0-60 MPH (8-speed automatic): 2.95 seconds.

0-60 MPH (7-speed manual): 3.2 seconds.

1/4 mile e.t. (8-speed automatic): 10.95 seconds.

1/4 mile e.t. (7-speed manual): 11.2 seconds.

Speed: 127 MPH in 1/4 mile dash.

Braking: 60 to stop in 99.6 feet.

According to GM, the new Z06 is also the fastest production car ever tested at GM's 2.9-mile Milford Road Course, beating the record set by the Corvette ZR1 by a full second.

Watch the Z06 test drive here:

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"The Corvette has long been known as America's sports car," said Mark Reuss, General Motors' EVP, in a statement. "With the capability of the new Z06 rivaling the best performance cars in the world, we will also be America's Supercar."

The 2015 Chevy Corvette, with a $78,995 MSRP was beating out even higher end 2104 muscle cars on the 0-60 and 1/4 mile e.t. benchmarks, such as the Dodge Viper TA ($120,500 MSRP) and the Audi R8 ($188,995 MSRP).

"The defining aspect of driving the Z06 is seamless integration of power, technology and aerodynamics," said Tadge Juechter, Corvette chief engineer. "As a result, the Z06 delivers ferocious acceleration, tenacious handling, and high-speed stability that few cars can match."

The car will go on sale in the first quarter of 2015, with the Z06 convertible becoming available in the second quarter, priced at $83,995.