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The Z06 arrived for the 2006 model year as a homologation vehicle in the third quarter of 2005 and is the lightest of all Corvette models. The Z06 was equipped with the largest-displacement small-block engine ever produced, a new 7,011 cc (7.0 L; 427.8 cu in) V8 engine codenamed the LS7. The engine has a power output of 505 hp and 470 lb⋅ft.
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.