GM CEO Akerson to Auction His 1958 Chevrolet Corvette

General Motors CEO Dan Akerson wants to sell you a Corvette -- but this time it's not a Corvette fresh off the assembly line in Bowling Green, Kentucky. Today, the executive announced plans to put his personal 1958 Chevrolet Corvette on the auction block, with all proceeds from the sale going to Habitat for Humanity Detroit.

In February, Akerson and his wife donated $1 million to Habitat for Humanity Detroit's efforts to rebuild houses around the Detroit area. By donating the proceeds from auctioning his Corvette, Akerson hopes to further help the charity rebuild the city's lower east side.

"My hope is that the auction will help bring attention and resources to Habitat’s efforts to revitalize a historic Detroit neighborhood," he said in a statement. "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."

The CEO's 1958 Chevrolet Corvette has a 245-hp V-8 engine. The car is painted Regal Turquoise, a color that was selected on just five percent of 1958 Corvettes. The Corvette received several visual and equipment changes for the 1958 model year, including a switch to quad headlights and the addition of seat belts as standard equipment. Prior to 1958, seat belts were a dealer-installed option.

Akerson's Corvette will be on display this weekend at the Woodward Dream Cruise. It will be parked with as many as 200 other Corvettes at Chevrolet's display in Birmingham, Michigan. Details on the auction will be announced in the next few weeks.

Source: GM

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