“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.
Ray Liotta sues skin care company over use of likeness
NBC reportedly holds celebs hostage to Jimmy Fallon's show