Corvette Glossary Of Terms

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Vehicle Anti-Theft System (VATS)

VATS stands for Vehicle Anti-theft System and is also known as PASS-Key (Personal Automotive Security System).  Each VATS key has a resistor embedded within the key-blade, and each resistor has 1 of 15 possible values.  Sometimes the resistors are referred to as a Vats Pellet or Vats Chip. Vehicle Anti-Theft System Information courtesy of Vatskey.com. Corvsport Page References: 1986 Corvette.

Voluntary Restraint Agreement (VRA)

When the automobile industry in the United States was threatened by the popularity of cheaper more fuel efficient Japanese cars, a 1981 voluntary restraint agreement limited the Japanese to exporting 1.68 million cars to the U.S. annually.