GM stock drops 4.5% weekly as company launches 1,064-hp 2026 Corvette ZR1
GM stock fell 4.5% for the week ending March 6 to $75.21 per share, pressured by U.S.-Iran war tensions. The 2026 Corvette ZR1 debuts a twin-turbocharged 1,064-horsepower LT7 V8 with 0–60 mph in 2.3 seconds and a 233-mph top speed.
1. Weekly Share Decline
GM stock closed at $75.21 on March 6, a 4.5% drop from $78.71 on February 27, reflecting investor concerns over escalating U.S.-Iran conflict. The decline represents underperformance against broader industrial benchmarks as geopolitical risks weighed on automaker valuations.
2. Corvette ZR1 Debut
GM introduced the mid-engine 2026 Corvette ZR1 powered by a twin-turbocharged LT7 V8 delivering 1,064 horsepower. The flagship accelerates from 0–60 mph in 2.3 seconds, reaches a 233-mph top speed and offers the optional ZTK Performance Package generating over 1,200 pounds of downforce.