If you have your eyes on a 1958 Chevy Corvette, you'd better start saving up. General Motors CEO Dan Akerson just sold his Regal Turquoise-colored car for a whopping $270,000 to benefit a housing project in Detroit.
“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.