See First Photos of Corvette 2014 unveiled on January 13 in Detroit.

The all new 2014 Chevrolet Corvette C7 will make its grand debut on January 13 at the North American International Auto Show, the General Motors brand said on Thursday. 

GM will stop building the 2013 Corvette model in early February and start producing the 2014 model in large quantities in July, according to the Chicago Tribune. The first set of Corvette C7s are expected to come out on June 30, exactly 60 years after the first 1953 model was produced.

Since 1953, GM has sold more than 1.5 million Corvettes in various models, the report added. They also noted that the new sports car's similarities to the C6 model are very minimal - chief engineerTadge Juechter said,"[it's] a truly all-new Corvette. There are only two carryover parts from the C6 used in the C7 - the cabin air filter and the rear latch for the removable roof panel." 

Even the Corvette emblem has been redesigned. 

Prices for the 2014 C7 are said to range from just around 55,000 for the base convertible to almost $120,000 for the most advanced model: the Corvette ZR1.

The C7 will be lighter in weight (around 300 pounds), thanks to lightweight composite body panels, and easier on fuel than the C6, according to Consumer Guide Automotive.There will also be changes to its exterior look and horsepower. The repot included intel that stated the new Corvette will lose 1-2 inches in overall length and width. Additionally, it was unlikely that the C7 will maintain a split rear window. 

The report added the following about the car's new specs:

"Speculative sketches making the rounds online and in print suggest a much larger, full-width grille with cross-hatch insert; high-set vertical headlamp clusters; and humped fenders with dorsal creases.Some sources also look for large, vertical outboard air ducts in the front and rear fascias, as on the concept. In addition, weight-paring efforts may prompt changing some or all body panels from plastic-like sheet molding compound...to new and lighter blended composites such as Kevlar/carbon fiber or Kevlar/aluminum."

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