A 1958 Chevrolet Corvette finished in Regal Turquoise will be auctioned off for charity, with all proceeds going to aid Habitat for Humanity Detroit, a nonprofit organization aimed at providing housing for low-income families in the Detroit area.
The car is owned by none other than GM chairman and CEO Dan Akerson, who is selling it to help fund Habitat for Humanity Detroit’s revitalization project of the Morningside Commons neighborhood on Detroit’s lower east side. Note, this is on top of a previous $1 million donation made to the cause by Akerson and his wife, Karin, back in February.
At the announcement of the auction Akerson 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.”
The 1958 Corvette is based on the first-generation of the iconic American sports car launched back in 1953, however, it features a different body, recognizable by its scalloped sides and quad-headlight design. Powering the car is a small-block V-8 rated at 245 horsepower.
In a sign of changing times 54 years ago, safety belts were factory installed for first time. Chevrolet built 9,168 Corvettes for the 1958 model year, but only 510–just over 5 percent–were painted Regal Turquoise like Akerson’s example.
GM will be releasing further details on the auction shortly, though anyone interested in purchasing the rare Corvette can see it live at the Woodward Dream Cruise this weekend.