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Chevrolet's introduction of the LT1 in 1992 as the base engine in the Corvette phased out the L98 based Callaway Twin Turbo. Previously, Callaway Corvettes made their increased power through positive manifold pressure; now they made it through increased displacement and finesse. Initially called the CL1 or CR1, they designated the chassis they were built upon. They were based on the pushrod LT1 cars (CL1) or the 32 valve DOHC LT5 ZR-1 cars (CR1).
There were several successful attempts to build a convertible ZR-1, most of them by private people. The DR-1 was a GM prototype to test the structural integrity of the ZR-1 chassis when it would be topless. The car was built by American Sunroof Corporation (ASC) for Don Runkle, who was the vice-president of Advanced Engineering Staff, which explains the “DR-1” designation. It was a standard convertible transformed to ZR-1 specs.
1983 Corvette on display at the National Corvette Musuem
Within the National Corvette Museum's Skydome sits the only remaining 1983 Corvette; a car best characterized as a survivor, in every sense of the word. According to the Macmillan Dictionary, a survivor is, "someone or something that still exists after every other member of a group has died or been destroyed." This as it may, the 1983 Corvette lives up to this title.
As the story goes, when the Corvette ZR-1 came out in 1990, Dick Guldstrand saw an opportunity to create his vision of the perfect Grand Sport ride, instead of his name just getting slapped onto another Chevrolet product. He asked GM for fifteen ZR-1’s and some money. He got one car and permission to do whatever he wanted to do with it. And that’s exactly what he did. Called the "GS90", Dick's car would prove to be the most elaborate and expensive specialty Corvette ever built.
This vehicle pioneered the advantages of “Active Suspension” and had GTP Corvette race car technology. Built at the Bowling Green Plant, this vehicle was developed as a prototype for a limited edition run in the 1990 model year. Chevrolet ordered it to be built with a complex, high-tech active suspension that includes an Eaton hydraulic pump and Moog actuators. This car and the technology inside of it led to the Active Handling system GM released in 1996.
In the late 80s, Chevy was developing what some dubbed a ‘Super Vette.’ But the 1989 debut of the Dodge Viper sent GM engineers on a new path to develop a ‘Viper-Killer.’ It started with a factory test mule and the experiment was to see how a ZR-1 would perform if given more power and less weight. It was so fast it was called "Snake Skinnner", for it's ability to beat the Viper and Cobra.
For the fourth generation Corvette, legendary Corvette racer John Greenwood developed the G4R. It was essentially a radical bodykit that usually followed a high level of performance upgrades. Included was a ground effects package that had integrated lights on the front valance. Furthermore the a new engine scoop and rear wing were fitted.
1993 Corvette C4 40th Anniversary ZR-1 parked on street
In 1993 just 448 ZR-1 Corvettes were produced and only 240 of them were 40th Anniversary Edition cars. The 40th Anniversary Package consists of a deep and glossy Ruby Red exterior finish over a matching Ruby Red interior with leather adjustable sport seats. A Corvette with both of these highly desirable packages is rare and special. At the heart of the ZR-1 is the 405-horsepower LT5 V8 engine mated to a 6-speed manual transmission.
Reeves Callaway has always had a dream of competing a Corvette of his own at the 24 Hours of Le Mans, France. The idea begin with the body work for a street version, but one thing led to another, and a full race version was completed as well. The street version is almost identical to the race version because the hood, tail, rocker panels, and lower door halves, are all made of carbon fiber, just like the race version.
1988 Corvette Challenge Car Series
The 1988 Corvette Challenge Series was created by John Powell of Powell Motorsports. Chevrolet built fifty-six identical Corvettes for the first year of the Corvette Challenge in 1988. Each was equipped exactly the same, with all standard equipment, the 245hp Cross-Fire fuel injection engine, Doug Nash 4+3 transmission, Z51 Handling Suspension package.
While not exactly a "collector's edition" Corvette in its own right, it nonetheless has become a uniquely identifiable and collectible Corvette from the fourth-generation era. 1988 marked the 35th anniversary for Corvette, and so it was decided that Chevrolet should commemorate the milestone by introducing an anniversary-edition model. This anniversary car was the first of its kind in a decade, given that Chevrolet opted not to manufacture a Corvette in 1983.
1993 ZR-1 COrvette
The C4 ZR-1 Corvette, even some 30 years after its initial year of production, carries indisputable performance merit, the likes of which few can deny. In fact, the ZR-1 is often cited as the car which helped fend off threats, both foreign and domestic in origin, to the Corvette's elite performance car status. However, after only 6,939 ZR-1 Corvettes were built, and 6 years of production had passed, the program was terminated, falling victim to decisions regarding pricing.
The first  of these cars was the 1985 Corvette Indy Concept vehicle.  It was developed as a “pushmobile,” meaning that it was a non-functioning, full-size clay mockup that was developed to test market interest in the concept.  The car featured the same mid-engine configuration that Zora Arkus-Duntov had always envisioned for the Corvette program. 
This is no ordinary C4 coupe, but a GM Engineering test mule with VIN plate EX4607 proudly displayed in the windscreen, built in 1986 to test all the new-for-1988 features. This actual car must have spent weeks pounding round the General Motors Proving Ground at Milford, Michigan with longer runs on the road, testing all the changes for a year which saw the C4 suspension, steering and brakes vastly improved.