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For 50 years, Chevrolet Corvette has represented American performance. In 2002, Corvette also led the pack at two important racing venues: the Indy Racing League (IRL) and the 86th running of the Indianapolis 500. In its IRL pace duties, Corvette wore a two-tone white and Millennium Yellow paint scheme with checkered-flags graphics forming a V for victory.
The Zagato company took a C7 Corvette Z06 and transformed it into the IsoRivolta GTZ, a "spiritual descendant" of the Iso Grifo A3/C (Corsa).  The original A3/C race car was developed by Giotto Bizzarrini not long after he left Ferrari, where he had served as cheif engineer behind the 250 GTO, which is revered as the world's most expensive car.  Bizzarrini purportedly fancied the A3/C as his "own personal evolution of (and improvement upon) the GTO design."
A successor to the ZR-1 made its debut in 2001 as the Z06, giving a nod to the high-performance Z06 version of the C2 Corvette of the 1960s. The Z06 uses a tuned version of the standard LS1 engine (designated the LS6), with a higher power output of 385 hp (390 PS; 287 kW), later bumped to 405 hp (411 PS; 302 kW) starting in 2002.
The Chevrolet Corvette has served as the official pace car of the Indy 500 18 times since 1978. That accounts for half of the 32 times that Chevrolet has been given the honor since 1948, which only highlights the sports car’s endearing legacy. Interestingly enough, this C8 Corvette convertible is the first Indy 500 pace car to have a drop-top since the 2011 Chevrolet Camaro.