The new CAFE regulations might spell the end for big V8s, but future Corvettes will be packing a similar performance punch with a smaller footprint. Automotive News sat down with the Corvette's vehicle line exec, Tom Wallace, to discuss the future of the iconic coupe and he said that a 700 hp 'Vette is off the table. Instead, Chevy is looking to lighten the Corvette's weight and utilize a smaller V8 in order to keep the same power-to-weight ratio of the current generation models. Although Wallace didn't get into details, that didn't stop AN from speculating that the next Corvette could go on a 300 to 400 pound diet and get motivation from a 4.7-liter V8 (making 150 hp less). However, Wallace's own words are more telling, saying that the next 'Vette could be "more fuel efficient [and] even nimbler than it was before.