Next Corvette to have all new 5.5 liter 440hp V8?

Motor Trend, citing a source inside General Motors, is reporting that the next generation Corvette will sport an all new motor. Naturally, this motor will be a V8, it just won't have the large displacement of the current 6.2 and 7.0 liter engines.

This next generation small block will find its first home in the next Corvette, the results of an $890 million dollar investment on GM's part. It will feature an aluminum block and heads, direct injection, and a new combustion system to improve efficiency.

The reported new engine will displace 5.5 liters, and produce around 440 horsepower. While this isn't an earth shattering number, one would certainly expect the next Corvette to be lighter than the current model.