More

    2020 Corvette Stingray VIN 0001 Auctioned For $3 Million

    2020 Corvette Stingray VIN 0001 Auctioned For $3 Million

    The Detroit Children’s Fund, a nonprofit focused on high-potential investments to provide Detroit school children the opportunity to receive an excellent education, will be able to invest an additional $3 million in their mission thanks to the auction of the first 2020 Chevrolet Corvette Stingray.

    The history-making VIN #0001 of the first mid-engine Corvette – a black-on-black 3LT with the Z51 performance package – crossed the block at the 49th Annual Barrett-Jackson Scottsdale Auction just weeks before the Corvette begins shipping to Chevrolet dealers.

    2020 Corvette Stingray VIN 0001 Auctioned For $3 Million
    - Advertisement -

    “Reaction to the mid-engine Corvette has been extraordinary,” said Mary Barra, GM Chairman and CEO, who was on-hand at the auction. “It’s both humbling and exciting to harness that success and provide the proceeds to the Detroit Children’s Fund.”

    The Detroit Children’s Fund will use the proceeds from the auction to fund comprehensive school interventions that result in academic success for kids. These interventions help great schools grow, underperforming schools improve and new schools thrive. And because great schools require strong leadership and well-trained teachers, DCF will also use the funds to recruit, develop and retain leadership and teacher talent.

    2020 Corvette Stingray VIN 0001 Auctioned For $3 Million

    “All children deserve great schools,” said Jack Elsey, DCF’s executive director. “The proceeds from this auction will help improve public education in Detroit and, as a result, give thousands of young Detroiters a brighter future. We cannot thank General Motors enough for their commitment to DCF and the children of Detroit.”

    The winning bid was placed by Rick Hendrick, founder and CEO of Hendrick Companies.

     “I am the number one Corvette junkie in the world,” said Hendrick. “Thanks to Chevrolet and Barrett-Jackson, because they always pick charities that are so good and help so many people.”

    Corvette coupe production will begin at GM’s Bowling Green Assembly Plant in Kentucky in early February, with customer deliveries slated to begin before the end of February.

    2020 Corvette Stingray VIN 0001 Auctioned For $3 Million picture gallery

    Trending News

    Peugeot Returns To Le Mans And This Is How The Hypercar Will Look Like

    PEUGEOT and REBELLION are pleased to announce that they will be joining forces to tackle the challenges of the FIA World Endurance Championship (FIA WEC) and the Le Mans 24 Hours. From 2022, the two companies will focus...

    Czinger Will Now Launch the 21C Hypercar on March 10 in London

    Czinger put so much effort into launching its 21C hypercar in Geneva, just to be shot down by that over-popularized Coronavirus. So, the brand tore down its stand, boxed up its cars, and is now heading to London for an exclusive event that will...

    2020 Audi S4 Arrives In The U.S. At A Price Of $37,400

    After being launched back in May 2019, the 2020 A4 will finally be available on the U.S. market. The American customers will have to choose between the A4 sedan, A4 allroad and S4, but the RS4 will not be offered. Prices...

    Vega Innovations Announces New Vega EVX Electric Sports Car

    If you had no idea that Sri Lanka has a vehicle manufacturer, don't worry, you are not the only one. In fact there are two: one called Micro Cars which of course it is just a local maker, and a second...

    2020 Morgan Plus 4 70th Anniversary Edition Marks The End On An Era

    The Morgan Motor Company is to celebrate 70 years of its most popular model, the Plus 4, with the creation of the Plus 4 70th Anniversary Edition. First built in 1950, the Plus 4 is one of the company’s best-selling...

    Video: The Magic Behind the Acura NSX Engine

    Acura shares what makes the beating heart of the NSX so special in a new video released today. The video takes an up-close look at the development, construction, racing prowess and human connection that underpins the bespoke twin-turbocharged V6 engine that...

    Video: Toyota Yaris GR teased before Tokyo Auto Salon Debut

    Toyota proudly presents the world premiere of the new "GR Yaris" at Tokyo Auto Salon 2020 to be held from January 10 to 12 in Makuhari Messe, near Tokyo Japan. "GR Yaris" is the second model launched globally from "GR" models, TOYOTA...

    Video: Koenigsegg Regera – In-Depth Review

    Vlogger Mr JWW on YouTube spent almost half an hour with the Koenigsegg Regera supercar and he shares his impressions on the hybrid supercar with us. As a reminder, the Regera is powered by a 5.0-liter V-8 engine that delivers a total...

    Video: Fast & Furious Crossroads Teased For May 2020

    If you are into gaming then you may know that Slightly Mad Studios are the developers of games like Need for Speed: Shift and the Project CARS series. Well, now, in cooperation with BANDAI NAMCO Entertainment Europe, Universal Games and Digital...