Chevrolet Corvette owners have reported 2 problems related to transmission gear slipping (under the power train category). The most recently reported issues are listed below. Also please check out the statistics and reliability analysis of Chevrolet Corvette based on all problems reported for the Corvette.
Automatic transmission slipping and sluggish shifting between 2nd/3rd/4th gears. When shifting between the referenced gears the transmission slides into the next gear. Gm has looked at it on multiple occasions and repairs were made yet condition remained. Gm then noted the problem but says its within factory tolerances after gm's indifference I took the vehicle to multiple private transmission shops. All concluded the same condition. The gm "valve body" is malfunctioning.
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I've had repeated failures that have required multiple repairs 1. Engine knocking- repeated repairs, upper end replaced knocking and engine roughness still there 2. Transmission- failure of clutch plates, replaced problem not resolved, transmission slipping is increasing 3. Electrical system failure: the electrical system completely shuts down, nothing operates even the hazard warning lights- this has occurred a minimum of 8 times. Relays, switches wiring battery get extremely hot until battery bleeds down. High potential for electrical fires and car cessation of operations have left us in perilous conditions on multiple occasions.