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Those are T-Handles attached to bolts that secure the license plate, so that they can quickly mount or remove the license plate.
I made it out to the Texas Motor Speedway (TMS) this morning, and they had removed the license plate when the car was on display.
Last night, the car was driven from TMS to the Ft. Worth Stockyards, with a police escort, and about 100+/- other Corvettes, on public roads, so the car legally had to display the manufacturer's license plate.
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