GM CEO's '58 Corvette Sells for $270K for Charity
A 1958 Chevrolet Corvette owned by the head of General Motors has been auctioned for $270,000.
GM chairman and chief executive Dan Akerson presented a symbolic check to Habitat for Humanity Detroit during a charity event Friday at the Detroit auto show. Habitat for Humanity eventually will get the actual cash to help the Morningside Commons neighborhood, just east of GM's downtown headquarters.
The auction was held in Scottsdale, Ariz., and broadcast at the Detroit auto show.
Only 9,100 Corvettes were built for the 1958 model year. Akerson's car is a hardtop convertible and considered rare among Corvette fanatics.