Even with all the upgrades that Chevrolet plans to give the Corvette ZR1 model, the Corvette will not come close to offering as much pony as the Ford Mustang GT500 but that does not mean that the Chevrolet Corvette ZR1 is out of the race now.
According to Chevrolet, the Chevrolet Corvette ZR1 will be given a performance update. They have not announced an actual number yet but it is believed that the new Corvette will be coming in with more than 700hp. Some fans even think that the ZR1 would come close to 750hp.
The Ford Mustang GT500, on the other hand, will come in with a powerful 800hp engine but we also need to remember that the Ford Mustang GT500 will also be carrying more weight on its back and that could give the Corvette ZR1 the edge they need to take down the Mustang GT500.