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Doing a mean burnout is one thing. Purposely blowing out your tires and ripping up a quarter panel on a brand new car is another. Even if money is no object, I can't condone that IMO.
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I think people are missing the point. It appears that the gentleman doing the burnout is the Plant Manager at the Bowling Green, KY Corvette assembly plant. The car is a pre-production prototype that can't be legally sold anyway. It's a test mule... a prototype... part of one of the pre-launch builds to evaluate components.
Pre-launch vehicles are typically used for testing and evaluation, and then eventually torn down and scrapped. Therefore, I see no harm in what he did. As the plant manager, I'm sure he has the access and right to do what he did to a car that would be scrapped anyway.
You've gotta admit, he put on a helluva show!