General Motors has just taken the wraps off the eighth generation “C8” of its famous Chevrolet Corvette.

The 2020 Corvette “Stingray” utilizes a mid-engined layout for the first time ever, as opposed to the previous front-engined, rear-wheel-drive layout. Mid-engined, rear-wheel drive layouts provide many drive and handling benefits such as a more balanced weight distribution, added load over the rear wheels to help with traction, visibility improvements, and a more engaging and enveloping connection to the engine’s sounds and functions.

Starting at just $60,000 USD, the 2020 C8 Corvette Stingray will harbor a 6.2-liter V8 engine cranking out 490 horsepower. The forthcoming Corvette will arrive only with a dual-clutch eight-speed automatic transmission controlled by paddle shifters. According to General Motors, the new Corvette will be its fastest ever, with the capability to go from 0 to 60 miles an hour in under 3 seconds if purchased with the 495-horsepower Z51 Performance Pack.

The 2020 Corvette Stingray is expected to go into production at General Motors’ Bowling Green, Kentucky, assembly plant sometime this fall.

Check out the photos below.