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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."
1978 was significant because it marked the cars 25th anniversary of production. Recognizing the achievement of manufacturing a car for a quarter-century, Chevrolet commemorated this accomplishment by introducing two special-edition Corvette that year.  The first of these was known as the "Silver Anniversary" edition Corvette.  It featured a two-tone silver over gray exterior with special pin-striping and special "25th Anniversary" badging.