DETROIT— General Motors Chairman and CEO Dan Akerson is putting his personal hard top, convertible 1958 Chevrolet Corvette up for auction.
The car will hit the block at the Barrett-Jackson Auction Co. in Scottsdale, Ariz. on Jan. 18, 2013 at 7:30 p.m.
A new home for a classic American car will soon help pave the way for several new homes for families throughout metro Detroit.
All proceeds will be donated by Akerson to Habitat for Humanity Detroit and its efforts to rebuild the Morningside Commons neighborhood located just east of GM’s Renaissance Center world headquarters in downtown Detroit.
The 1958 Corvette featured a 245-horsepower V-8 engine and included new body and instrument panels and new upholstery. Dual headlamps—a Corvette first—and twin chrome trunk spears were external highlights new in the ‘58.
Chevrolet built 9,168 Corvettes for the 1958 model year, but only 510, or just over five per cent, were painted Regal Turquoise.
Akerson’s Corvette is a hardtop convertible and is considered scarce among remaining 1958 models.
A quick search of Barrett-Jackson’s auction site shows 1958 Corvettes selling for $187,000 and $220,000, respectively.
Akerson explains his decision and shows off the car in this video provided by GM: