Earlier this week, Chevrolet released official performance estimates for its 2014 Corvette Stingray, which is scheduled to hit the markets in the third quarter this year.

Going by the official 2014 Corvette Stingray performance specs released by Chevrolet, the car - which boasts a magnetically-controlled suspension system - takes only 3.8 seconds to accelerate from 0-60 miles per hour (mph). The test model of the car manages to cover a quarter-mile track in 12 seconds flat, at a speed of almost 120 mph.

So far as the braking and cornering performance of the 2014 Stingray is concerned, the test model of the car braked from 60 to 0 in 107 feet; and effectively sustained a neck-straining 1.03 g while cornering.

The figures released by Chevrolet mark some `mega performance' statistics, especially in the wake of the relative affordability of the car. According to the pricing-related details shared by Chevrolet, the cost of the entry-level model of the new coupe will be $51,995, excluding tax, title, and license fees; while a model equipped with the optional `Z51 Performance Package' will be priced at $56,590.

Noting that, for the 2014 Stingray, Chevrolet "set out to elevate every aspect of the Corvette's performance," Corvette's chief engineer Tadge Juechter said: "Considered alone, the acceleration, braking and cornering performance of the Corvette Stingray is truly impressive."