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 |  Jun 23 2011, 1:49 PM

After having set a near-record time on the Nurburgring in the updated Corvette ZR1, Chevy has just released a second film documenting the improvements made to the Z06.

Driven once again by Corvette engineer Jim Mero, the 2012 Z06 equipped with the Z07 chassis package manages a 7:22.68 lap time an astonishing 20 seconds faster than the standing Z06 time. That time is two seconds faster than the updated 2012 Nissan GT-R, three seconds off the ZR1 (despite being down 133-hp) and just 4 seconds off the best time posted by the Porsche GT2 RS.  Chevy is particularly proud of the feat, especially when you consider the Z06 costs about a quarter of what you’d pay for the GT2 RS.

Watch the video after the jump. There are a few particularly scary moments at 6:40 and right at the finish:

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