Barrett-Jackson is known for auctioning off cars and raising bagfulls of money for noble causes. During the past weekend at Scottsdale, none was perhaps more noble than GM’s donation to the American Red Cross (ARC) to raise funds for efforts in Haiti.
GM donated the 427 Limited Edition Z06 Corvette, valued at over $80,000, to ARC. Thanks to a generous buyer, the gavel slammed at the $200,000 mark – enabling the ARC to help the people of Haiti that much more. But the 505 horsepower LS7 supercar was not the only car donated by GM for a good cause.
The other donation came in the form of the first-ever production CTS Coupe, donated to Michigan’s College for Creative Studies (CSS). The model sold for a handsome $95,700, including buyers commission. CCS will get to keep the entire sum minus the market price of the car, which is pegged at roughly $35,000.
The GM Authority Take
Despite GM’s financial woes of last year and all that came along with them, coupled with the fact that The General could currently use every penny to see that taxpayers are reimbursed (and so that the Tea Party may possibly shut up) – it’s still good to see the company’s sense of corporate responsibility has not left the building with several former executives. I’m glad they are keeping on with good causes and hope to see many more in the future.