Corvette Chief Tom Wallace to Retire in November

Corvette Racing Program Manager Doug Fehan announced last night that GM Vehicle Line Executive Tom Wallace will retire from the company effective November 1st.

The news, delivered at a Petersen Museum event honoring Corvette Racing history, came as a shock to enthusiasts involved in the hobby, who have come to appreciate Wallace's keen grasp of performance-car culture and obvious passion for the marque.

While no reasons were given for the move, Wallace's departure could be related to uncertainty surrounding the timeline for the seventh-generation Corvette. The car--originally slated for a 2012 model-year release--has reportedly been pushed back by at least two years, a span to which Wallace may have been unwilling to commit.