The C5 was a radical change from the previous generation. Designed from the outset as a sturdy convertible (as opposed to a coupé that was subsequently weakened by the removal of the roof structure in order to accommodate demand for a convertible model), the car now had a hydroformed box frame. 

The transmission was moved to the rear of the car to form an integrated, rear-mounted transaxle assembly which was connected to the all-new LS1 engine via a torque tube; this engine/transmission arrangement helped facilitate a desirable 50-50 (percentage, front-rear) weight distribution for the vehicle.