With the recent price increase of the Corvette Z06 by GM recently, Chrysler was forced to position its 2008 Dodge Viper upwards as well. This move creates a gap for a new sports car that will sit below the Viper in terms of price and performance, and could possibly be a production version of the Chrysler Firepower concept displayed back in 2005. According to the source, the Firepower is being fast-tracked through the feasibility and approval process and is still sitting on Chrysler’s agenda according to its CEO, Tom LaSorda.

[Source: Car Magazine]

Click ahead for a gallery of the Chrysler Firepower.