After teasing us all year, General Motors finally pulled the wraps off the upcoming 2019 Chevrolet Corvette ZR1 earlier this week. Since its debut in 1970 on the C3, the ZR1 badge has always been affixed to the closest thing to a race-ready 'Vette that the automaker sells. And according to a new report, Chevrolet's got big plans for this latest incarnation—a supercar-slaying, sub-seven-minute time on the Nurburgring Nordschleife.

Corvette Chief Engineer Tadge Juechter sat down with Road & Track after the ZR1's unveiling and let it be known that the company intends to make a run at the record books sometime in the spring, with the seven-minute barrier being the ultimate goal. Such a speedy flying lap would not only make the new Corvette ZR1 the fastest American car ever on the 'Ring, but also faster than the Nissan GT-R Nismo, the Mercedes-Benz AMG GT R, the Porsche 911 GT3, and the Lamborghini Aventador Superveloce.

And that's all while costing far less, as Juechter previously promised the 2019 ZR1 wouldn't double the $56,000 base price of a Corvette Stingray, according to Motor Trend. The car will be powered by a supercharged LT5 V8 engine putting out 755 horsepower and 715 pound-feet of torque, and surely helped along in its quest by the ridiculous 950 pounds of downforce generated by the redesigned front splitter and massive rear wing. Throw in an eight-speed automatic transmission (or throw it out and stick with the seven-speed manual), and the new Corvette ZR1 will be able to top 210 mph.