GM says CEO Akerson will auction his '58 Corvette for charity
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DETROIT (Bloomberg) -- General Motors Co. CEO Dan Akerson plans to auction off his 1958 Chevrolet Corvette to raise money for charity.
Akerson, who became CEO almost two years ago, plans to donate proceeds of the auction to Habitat for Humanity Detroit and its efforts to rebuild an east side Detroit neighborhood called Morningside Commons, GM said Thursday in a statement.
Auction details will be announced later, GM said. "I love this Corvette, and if putting it on the block can help rebuild the heart and soul of a neighborhood, I am all for it," Akerson said in the statement.
Interested buyers can get a preview of the car during the Woodward Dream Cruise. It will be on exhibit at the 60th anniversary Corvette display at the Birmingham Triangle in downtown Birmingham, Mich. Akerson's ride will sit alongside more than 200 Corvettes spanning all 60 years of production. Alternately, people can go to www.facebook.com/corvette.
Distinguishing features of the '58 Corvette include dual headlights and twin chrome trunk spears. Safety belts were factory installed for the first time, and in total, only 510 were painted in Regal turquoise.
Autoweek contributed to this report.
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