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The first Z06 was actually an option package first offered with the 1963 Corvette. The package was developed by Corvette's legendary lead engineer and racing advocate Z0ra Arkus-Duntov.  The Z06 option was designed to allow consumers to bolster the 1963 "Split-Window" Corvettes performance and handling capabilities for use on the race track. Selecting regular production option (RPO) Z06 when ordering a Corvette resulted in a car equipped with some tasty options.
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.
The Ron Fellows ALMS GT1 Champion Edition Corvette was introduced as part of the 2007 Corvette line-up. To commemorate Mr. Fellows long and successful career with the Corvette Racing program, Chevrolet introduced the Ron Fellows Championship Edition Z06 Corvette as part of their 2007 model line-up. It was released as a commemorative model to celebrate one of GM's winning-est drivers, but did little to impress enthusiasts or collectors when first introduced.