General Motors released the official specs today of the upcoming 2009 Corvette ZR1 and the performance numbers are staggering.

• 0-60 mph in 3.4 seconds
• 0-100 mph in 7.0 seconds
• Quarter-mile elapsed time of 11.3 seconds at 131 mph

Yes, you read that right. In the time it takes some fairly fast cars to hit 60 mph, this Corvette is doing 100.

The ZR1 will top out at 205 mph, making it the fastest Corvette ever. With these kind of stats, it certainly has to be ranked among the super cars available around the world, in many cases outperforming the European exotics. The ZR1′s advantage? Price. Yes, this new Vette starts at $103,300, including the $850 destination charge. But the performance to price ratio clearly gives it a leg up.

Taking on those worldly super cars is one hopped up American V8. The LS9 6.2L supercharged small-block makes 638 hp and is hand-assembled at GM’s Performance Build Center, in Wixom, Mich.

“A favorable power-to-weight ratio gives the ZR1 an advantage over the competition and performance that has to be experienced to fully appreciate,” said Tom Wallace, Corvette chief engineer. “Of course, on a racetrack, drivers of competitors’ cars may appreciate the ZR1 in a whole different manner.”

The standard ZR1 comes with the same basics as the Z06, including lighter weight seats and components. The available uplevel interior package includes power-adjustable, heated and leather-trimmed sport seats (embroidered with the ZR1 logo); side air bags; Bose premium audio system; navigation system; Bluetooth connectivity; power telescoping steering column; custom leather-wrapped interior available in four colors and more. Chrome wheels are the only other available option on the ZR1.

On top of the base price, be prepared to pay:
• $1,700 Gas guzzler tax
• $10,000 Option package
• $2,000 Chrome wheels

“The ZR1 is an incredible machine by any measure,” said Ed Peper, North American Vice President, Chevrolet. “There’s simply no other vehicle in the world that does a better job of balancing performance, price and fuel economy.”