probably because the wire is broken at the bottom of the shifter lever and you have to replace the whole shifter lever.
They are compatible. the only problem you may have is the shifter. If the corvette does not have overdrive on the shifter you won't be able to get the car in first gear.
overdrive button is located on gear shifter on automatice transmission.
Because you turn on the light
That depends on what trans it has. If the shifter is electronic then yes. If the shifter is not electronic then it is a three speed.
On a Toyota Camry, the overdrive button will be located either on or near the shifter. It will read 'overdrive' or 'O/D.'
on the gear shifter
on the shifter the left hand side just under the shift button.
Push in the overdrive button(located on the gear shift knob - below the shifter button).
You should just pull the shifter into the "3" position and it will never shift into overdrive.
Your vehicle has an overdrive button on the shifter maybe. When you start your vehicle, overdrive is always on. When you tow something, you want the overdrive to be off, otherwise the transmission will run hot and that will lead to bigger problems.
Overdrive OFF
Put shifter in the "D" range.