General Motors has announced an impressive zero to 60 rate for its new Chevrolet Corvette: just 2.95 seconds.

The 2015 Corvette Z06, which is the fastest car ever produced by GM, can lap a quarter-mile in less than 11 seconds and can hit 127 mph in one-quarter mile, according to the automaker.

"The defining aspect of driving the Z06 is seamless integration of power, technology and aerodynamics," Corvette chief engineer Tadge Juechter said in a statement. "As a result, the Z06 delivers ferocious acceleration, tenacious handling and high-speed stability that few cars can match."

The Z06 version with a 2.95-second time ran on a supercharged V8 engine generating 650 horsepower and was equipped with an eight-speed automatic transmission with paddle shifters. It topped the Corvette ZR1 by a full second to become the fastest production car ever tested at GM's 2.9-mile Milford Road Course, said a GM press release.

The supercar can also come to a halt from 60 mph in just 99.6 feet, which the automaker says is "the best braking performance of any production car GM has ever tested."

GM believes the new Corvette is the first front-engine, rear-wheel-drive production car fast enough to come in under the three-second mark, GM spokesman Monte Doran told the Associated Press.

The 2015 Corvette Z06 coupe is slated to go on sale early next year with a starting price of $78,995, while the Z06 convertible will be available in the second quarter starting at $83,995.

"The Corvette has long been known as America's sports car," Mark Reuss, GM executive vice president of global product development, said in a statement. "With the capability of the new Z06 rivaling the best performance cars in the world, we will also be America's supercar."

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