Many folks have been ogling at the reveal of the 2015 Ford Mustang which was released by Ford today. However, there was another large announcement in the auto world yesterday. Not to be outdone by their closest competitor, Chevrolet announced that it will unveil the 2015 Corvette Z06 at the 2014 North American International Auto Show in Detroit next month, along with releasing a teaser photo of the front driver’s side wheel.

The announcement by GM marks the end of a huge year for the company in regards to performance vehicles. In October, the Chevrolet SS sedan was released to the market. This month, Chevy will start rolling the new 2014 Corvette Stingray Convertible off the assembly lines in Bowling Green, Kentucky. And in the second quarter of 2014, Chevy will be releasing the 2014 Camaro Z/28, which has logged a lap-time of 7:37.40 at the famous Nürburgring course in Germany (Compare this to the track record set by the Porsche 918 Spyder, which completed the course in 6:57.)

As it currently stands, almost no information has been released concerning the specs of the 2015 Corvette Z06 besides its name. Much speculation was held concerning whether Chevy would keep the Z06 moniker or move on to the Z07. Fortunately for traditionalist, Chevy has yet to patent the Z07 label and thus will maintain the Z06 model for the 2015 Corvette.

In its press release for the 2015 Corvette, GM states, “It will be the most track-capable Corvette ever, designed to deliver supercar levels of performance through unique powertrain, chassis and aerodynamic features.” From the teaser picture released, one can certainly believe their claim of wanting this to be the most track-capable Corvette yet. Many sources have analyzed the picture to determine the tires the Z06 will be sporting, and most are enthused. Motortrend.com pegs the tires as “ultra-sticky Michelin Pilot Super Sport Cup tires” sized at 285/30/19. These huge front tires are sure to give ultimate traction, supporting GM’s claim of this being the most track-capable Corvette ever.

Unfortunately, no details have been released concerning the size of the engine. If one is to assume Chevy will be using an engine similar to other Corvette models, one could expect this Corvette to boast either a twin-turbo 4.5 L engine, or a 7.0 L V8, as seen in last year’s model.

Chevy hopes the release of the 2015 Corvette will help to continue their dominance in performance car sales in the US. Thus far in 2013, Chevy has sold 1 out of every 4 performance cars sold in the United States and is outpacing the Ford Mustang by 4,093 units. With the reveal of both the 2015 Corvette and 2015 Mustang at the same time, now is the true test of which performance car reigns supreme.

[Image via GM]