General Motors CEO Dan Akerson plans to give up his 1958 Chevrolet Corvette to help rehabilitate a Detroit neighborhood.
Akerson and his wife, Karin, are donating the vehicle for an auction to benefit Habitat for Humanity Detroit’s efforts to improve the Morningside Commons neighborhood.
The Akersons have taken a special interest in the rehabilitation of the neighborhood, which is located on the city’s lower-east side. They donated $1 million in February to Habitat for Humanity Detroit’s three-year project to build and upgrade houses in the Morningside Commons neighborhood.
Their Regal Torquoise Corvette, which boasts a 245-horsepower V8 engine, will be displayed at the Birmingham Triangle on Woodward Avenue during the Woodward Dream Cruise this weekend.
“The 1958 Corvette is a great example of American passion and ingenuity, and my hope is that the auction will help bring attention and resources to Habitat’s efforts to revitalize a historic Detroit neighborhood,” Akerson said in a statement. “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.”