Chevrolet constructed the Indy Concept in 1985 and showed it at the 1986 Detroit Auto Show. The inoperative show car was powered by a mid-engined twin-turbo 2.6-liter V8 engine designed by Lotus Engineering. Two additional fully roadworthy prototypes followed. The Corvette Indy concept was created to showcase Chevrolet's advanced automotive technology and featured 4-wheel drive, 4-wheel steering, a rearview camera with an in-dash view screen, anti-lock brakes, and drive by wire system. The cockpit contained three CRT displays that substituted for mirrors and delivered vehicle dynamics as well as navigational and operational information.
The Corvette Indy was conceived by Tom Peters under the guidance of studio head Jerry Palmer and executive champion Chuck Jordan. The sleek body design flowed into a transparent roof and featured large side scoops that provided engine cooling.
The concept was expected to reach a top speed of 180 mph. The Corvette Indy debuted at NAIAS in 1986 and was updated with an LT-5 ZR-1 engine in 1988