Pontiac's 1964 Concept Car the Banshee, Competition for the Chevrolet Corvette?

In 1964 Pontiac unveiled their newest concept car the Banshee during the Banshee's development it was called XP-833 project. John DeLorean the head of Pontiac at the time called the Banshee the "Mustang Fighter", it was rumored that he intended to bring the Banshee into production. However, the bosses at General Motors felt the Banshee would be too much of a threat to the Chevrolet Corvette and if DeLorean had his way the Banshee would out perform the Corvette. The Banshee weighed 500 pounds less than the Corvette with the same horsepower and the Banshee was able to reach 60 mph in second gear.

There were several different versions of the Banshee constructed, but only two were drivable prototypes were built. The car was a small and seated two with a long hood and a short rear deck. One of the drivable prototypes built was a silver hard top with a straight six cylinder and the other was a white convertible with a V-8. 

Unfortunately for John DeLorean in 1964 he was instructed by GM execs to stop and further development of the Banshee. Interestingly the exterior styling of the Banshee can be seen 1968 in Chevrolet's the third generation Corvette.