“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 Friday.
According to Motor Authority, Akerson wants the money to go straight back to Detroit. It will help fund a neighborhood revitalization project on Detroit's lower east side. The GM leader also gave $1 million to the project in February.
Hendrick Motorsports owner Richard Hendrick purchased the car at the auction held in Scottsdale, Ariz.
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