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GM auctions a Corvette for Haiti relief

Forbes -- General Motors Corp. will donate 100 percent of the proceeds from the auction of a limited-edition 2008 Chevrolet Corvette to the American Red Cross for relief efforts in Haiti.

The car will be auctioned this Saturday at the Barrett-Jackson Collector Car Auction, an annual event in Scottsdale, Ariz.

The limited-edition 2008 Chevrolet Corvette was the last of 427 cars built specifically for North America and the only 2008 Z06 available in Crystal Red Metallic paint. It has a 7-liter V8 engine with 505 horsepower and a Stinger-style stripe on the hood.

Other automakers also are raising and donating money for earthquake-stricken Haiti.

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Submitted Jan 22, 2010 By: ArmydudeNC

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Sneakers55 Champion Author Houston Posts:44,870 Points:1,810,975 Joined:Nov 2005	Message Posted: Jan 23, 2010 5:13:54 PM Ignore Sneakers55 Report Abuse djgunrunner wrote: >Not a bad deal if you have the money. You get the car >and a tax deduction. You probably don't get to deduct anything as you received the car in return for your donation.
jedintheshed Champion Author Colorado Springs Posts:1,607 Points:482,740 Joined:Nov 2008	Message Posted: Jan 22, 2010 5:11:11 PM Ignore jedintheshed Report Abuse Wonderful! Wish I had the cash to bid on it!
pigmanTX Champion Author Houston Posts:1,282 Points:370,730 Joined:Nov 2008	Message Posted: Jan 22, 2010 4:28:15 PM Ignore pigmanTX Report Abuse lgwhitlock, you are a piece of work.
lgwhitlock Champion Author Chico Posts:5,650 Points:1,328,725 Joined:Jun 2008	Message Posted: Jan 22, 2010 4:17:59 PM Ignore lgwhitlock Report Abuse Nice to see how generous GM (government motors) is with our tax payer money...
dkinsf Champion Author San Jose Posts:2,450 Points:744,570 Joined:Mar 2007	Message Posted: Jan 22, 2010 3:44:45 PM Ignore dkinsf Report Abuse It's good to see GM help Haiti. They also need to help their employees too.
suzyq2007 Champion Author Dallas Posts:5,524 Points:1,320,480 Joined:Oct 2007	Message Posted: Jan 22, 2010 3:07:28 PM Ignore suzyq2007 Report Abuse no corvette for me.
Robert44 Champion Author Columbus Posts:2,889 Points:998,155 Joined:Mar 2004	Message Posted: Jan 22, 2010 3:06:52 PM Ignore Robert44 Report Abuse Great?!? But still our money from bailing them out.
ChuckGVT Champion Author Vermont Posts:4,888 Points:1,332,920 Joined:Apr 2008	Message Posted: Jan 22, 2010 3:00:49 PM Ignore ChuckGVT Report Abuse 100% percent of the sale price will go to Haiti because Barrett-Jackson will donate all sales commissions.
Black Wagon Champion Author Illinois Posts:5,541 Points:1,504,795 Joined:Mar 2004	Message Posted: Jan 22, 2010 2:58:35 PM Ignore Black Wagon Report Abuse Sorry but my wife won't let me bid on it.
nyacoub1 Champion Author Chicago Posts:1,235 Points:87,585 Joined:May 2007	Message Posted: Jan 22, 2010 2:57:22 PM Ignore nyacoub1 Report Abuse interesting. so how much of this money will get lost in the process?
PAofFA Champion Author Trenton Posts:2,059 Points:440,345 Joined:May 2009	Message Posted: Jan 22, 2010 2:54:07 PM Ignore PAofFA Report Abuse HOW GENEROUS!
cj003 Champion Author Michigan Posts:1,878 Points:1,174,810 Joined:Mar 2006	Message Posted: Jan 22, 2010 2:44:37 PM Ignore cj003 Report Abuse and just where do you really think the money will end up?
Voltus Champion Author Miami Posts:6,786 Points:1,227,905 Joined:May 2005	Message Posted: Jan 22, 2010 2:42:39 PM Ignore Voltus Report Abuse good
lvpeg Champion Author California Posts:13,563 Points:2,056,500 Joined:Aug 2006	Message Posted: Jan 22, 2010 2:40:27 PM Ignore lvpeg Report Abuse About time GM did something right!!
GryphonX Champion Author Nevada Posts:5,002 Points:1,282,220 Joined:Nov 2007	Message Posted: Jan 22, 2010 2:39:14 PM Ignore GryphonX Report Abuse Good for GM - glad to see it :)
nigelb Champion Author Virginia Posts:6,834 Points:1,061,550 Joined:Feb 2008	Message Posted: Jan 22, 2010 2:37:15 PM Ignore nigelb Report Abuse I applaud GM for this goodwill gesture.
eddyp94 Champion Author Ontario Posts:7,283 Points:1,486,735 Joined:Mar 2008	Message Posted: Jan 22, 2010 2:34:33 PM Ignore eddyp94 Report Abuse not worth the money...
TheDix Champion Author Ontario Posts:2,395 Points:428,040 Joined:Dec 2009	Message Posted: Jan 22, 2010 2:30:03 PM Ignore TheDix Report Abuse Heart is in right place.
Grismer Champion Author Kitchener-Waterloo Posts:6,793 Points:1,377,370 Joined:Apr 2008	Message Posted: Jan 22, 2010 2:28:25 PM Ignore Grismer Report Abuse Commendable. We all are trying to do our share to help out in this disaster.
fordmexico Champion Author Michigan Posts:8,565 Points:333,525 Joined:Oct 2009	Message Posted: Jan 22, 2010 2:27:21 PM Ignore fordmexico Report Abuse Its a small gesture for a good cause. It is hard to beleive there are so many negative comments.
olcowboy14 Champion Author Spokane Posts:7,695 Points:1,085,485 Joined:Jul 2007	Message Posted: Jan 22, 2010 2:24:19 PM Ignore olcowboy14 Report Abuse Must be the only way they can get rid of their junk.
WonderfulMI Champion Author Michigan Posts:9,625 Points:1,426,705 Joined:Jun 2008	Message Posted: Jan 22, 2010 2:23:49 PM Ignore WonderfulMI Report Abuse Gosheroonie! Some of would begrudge helping Haiti out of its mess, and for what reason? And some of you are so anti-GM that nothing they could ever do would be OK. Get a life! end of rant
jb107 Champion Author New Jersey Posts:7,748 Points:2,260,575 Joined:Sep 2005	Message Posted: Jan 22, 2010 2:23:14 PM Ignore jb107 Report Abuse All you need is a lot of money to spare.
Jeeputtputt Champion Author Michigan Posts:1,905 Points:442,690 Joined:Aug 2009	Message Posted: Jan 22, 2010 2:18:58 PM Ignore Jeeputtputt Report Abuse Why is the hesdline GM ? Bottom paragraph is Chrysler & other auto makers..
brus282 Champion Author North Carolina Posts:4,659 Points:953,310 Joined:Aug 2007	Message Posted: Jan 22, 2010 2:17:53 PM Ignore brus282 Report Abuse good plan, although the anti american crowd will probably not be buying any tickets
cudatim Champion Author San Antonio Posts:2,186 Points:1,134,005 Joined:Jan 2007	Message Posted: Jan 22, 2010 2:17:28 PM Ignore cudatim Report Abuse Good to see so many companies doing something to raise money for Haiti. Just hope there is something left to rebuild before more shocks completely devastate the area.
jakTDI Champion Author Dallas Posts:3,555 Points:362,055 Joined:Aug 2008	Message Posted: Jan 22, 2010 2:16:09 PM Ignore jakTDI Report Abuse so we have given 125 Million, all available armed forces, and one corvette.
nimpy Champion Author Indianapolis Posts:6,772 Points:1,426,740 Joined:Oct 2007	Message Posted: Jan 22, 2010 2:14:47 PM Ignore nimpy Report Abuse Good for government motors
Tamas2evil Champion Author Pennsylvania Posts:6,038 Points:1,029,655 Joined:Sep 2006	Message Posted: Jan 22, 2010 2:13:59 PM Ignore Tamas2evil Report Abuse I would love to see a picture of that car... Hmmm..
jakTDI Champion Author Dallas Posts:3,555 Points:362,055 Joined:Aug 2008	Message Posted: Jan 22, 2010 2:11:23 PM Ignore jakTDI Report Abuse good point, billy.
Dmax13 Veteran Author Denver Posts:417 Points:302,360 Joined:Oct 2009	Message Posted: Jan 22, 2010 1:59:32 PM Ignore Dmax13 Report Abuse That a good gesture.
Tekkie Champion Author Philadelphia Posts:4,105 Points:866,665 Joined:Oct 2003	Message Posted: Jan 22, 2010 1:59:21 PM Ignore Tekkie Report Abuse Have to get rid of inventory somehow...
Jarod13 Champion Author Virginia Posts:3,470 Points:1,134,005 Joined:Oct 2008	Message Posted: Jan 22, 2010 1:59:09 PM Ignore Jarod13 Report Abuse derKraut -- I don't believe that the limited-edition 2008 Chevrolet Corvette will actually be going to Haiti. It's going to be auctioned off at a Scottsdale, AZ collector car auction. More than likely, the winning bid will come from somewhere else other than Haiti, but I could be wrong. But most likely, it'll be some rich, huge year-end bonus, financial executive ending up with the winning bid. But as long as it's going towards a worthy cause, we shouldn't feel the least bit angered, should we? With all the money that President Obama has spent on frivolous and foolish items, it should be us taxpayers that should be all up in arms!
RocketmanC99 Champion Author Missouri Posts:1,347 Points:729,585 Joined:Jan 2007	Message Posted: Jan 22, 2010 1:49:17 PM Ignore RocketmanC99 Report Abuse That's nice.
billy44bo Champion Author Mobile Posts:5,642 Points:1,145,570 Joined:Feb 2008	Message Posted: Jan 22, 2010 1:47:35 PM Ignore billy44bo Report Abuse good for us we own then now its our car that they are auctioning off
pnd1 Champion Author Tallahassee Posts:4,689 Points:951,590 Joined:Jul 2009	Message Posted: Jan 22, 2010 1:47:34 PM Ignore pnd1 Report Abuse Sounds like a plublicity stunt to me. Why doesn't GM just donate the money? Oh, that's right, they only have my money. Reminds me of the movie stars that are promoting donations. How big of a check did they write?
derKraut Champion Author Ontario Posts:1,794 Points:937,250 Joined:Dec 2008	Message Posted: Jan 22, 2010 1:47:04 PM Ignore derKraut Report Abuse Should last about 5 seconds in downtown Haiti (if you can find it).
djgunrunner Champion Author Salt Lake City Posts:8,154 Points:1,991,645 Joined:Apr 2005	Message Posted: Jan 22, 2010 1:44:36 PM Ignore djgunrunner Report Abuse Not a bad deal if you have the money. You get the car and a tax deduction.
garman87 Champion Author Austin Posts:2,583 Points:2,038,320 Joined:Aug 2005	Message Posted: Jan 22, 2010 1:43:50 PM Ignore garman87 Report Abuse Good for GM and this will be good publicity for them.
mfeldstein Champion Author Ottawa Posts:6,594 Points:1,617,785 Joined:Feb 2007	Message Posted: Jan 22, 2010 1:42:07 PM Ignore mfeldstein Report Abuse letmathe ... Good point. I hope they do too.
grandmacbc Champion Author Buffalo Posts:4,775 Points:1,095,505 Joined:Oct 2008	Message Posted: Jan 22, 2010 1:41:54 PM Ignore grandmacbc Report Abuse Hope they get a good price for it since it's a worthwhile cause.
DancingDee Champion Author Gary Posts:3,806 Points:944,130 Joined:Jul 2005	Message Posted: Jan 22, 2010 1:41:49 PM Ignore DancingDee Report Abuse That's good.
vegaland Champion Author Houston Posts:2,403 Points:501,795 Joined:May 2006	Message Posted: Jan 22, 2010 1:41:32 PM Ignore vegaland Report Abuse How about auctioning a few off for the suffering taxpayers without whom there wouldn't be a GM?
letmathe Champion Author Chicago Posts:12,879 Points:2,818,210 Joined:May 2001	Message Posted: Jan 22, 2010 1:37:27 PM Ignore letmathe Report Abuse Good for Haiti, good for GM and good for USA. I certainly hope they do more and provide long-term development expertise for redevelopment.
KillChain Champion Author Albuquerque Posts:4,518 Points:1,188,210 Joined:Jun 2006	Message Posted: Jan 22, 2010 1:31:30 PM Ignore KillChain Report Abuse I rather donate directly.
mfeldstein Champion Author Ottawa Posts:6,594 Points:1,617,785 Joined:Feb 2007	Message Posted: Jan 22, 2010 1:29:59 PM Ignore mfeldstein Report Abuse Nice gesture, but for a big company, this is peanuts. They should auction off a few more collectibles.
Michaelsz06 Champion Author Phoenix Posts:6,090 Points:1,217,610 Joined:Jul 2008	Message Posted: Jan 22, 2010 1:28:04 PM Ignore Michaelsz06 Report Abuse should go for a pretty high price if they only made one that way!!!
afghaned Champion Author Hamilton Posts:9,273 Points:926,735 Joined:May 2004	Message Posted: Jan 22, 2010 1:24:29 PM Ignore afghaned Report Abuse One of a kind in mint condition could prove very lucrative for Haiti Relief Fund.
goodbuy Champion Author Michigan Posts:6,020 Points:1,095,045 Joined:May 2005	Message Posted: Jan 22, 2010 1:23:09 PM Ignore goodbuy Report Abuse Should have raffled it off. Would have made more money and more people would have been able to participate. I have NOT read of Ford doing anything. Come on you Ford mongers, how much did YOU donate? How much have you GM bashers donated? Nothing, then shut up.
LilRedWagonIN Champion Author Indiana Posts:5,947 Points:1,208,350 Joined:Oct 2008	Message Posted: Jan 22, 2010 1:22:43 PM Ignore LilRedWagonIN Report Abuse I don't understand all the criticism against this offer. My only regret is that I am not financially able to donate to charity through this method. If this Corvette is going to be taken out of the museum now, I fear when I would have enough money, it will be much more expensive to acquire when it is out in the collectors' market.