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Tuesday, December 14, 2010

Chevy Volt auctions for $225,000

Fueled by last minute bidding, General Motors raised $225,000 for Detroit Public Schools by auctioning the second Chevrolet Volt built at the Detroit-Hamtramck assembly plant.

The automaker kept the first Volt for display at the GM Heritage Museum.

Bidding opened on Nov. 30 at $50,000 and appeared to stop at $185,000 on Dec. 3 with no competing bid offered until 5:43 p.m. Tuesday, 17 minutes before the auction's 6 p.m. deadline GM will not reveal the winning bidder until a GM event Thursday night.

The price shot from $185,000 to $225,000 in a frantic down-to-the-wire exchange between two people with screen names "Volter" and "ChargeOn," with the latter submitting the winning bid just 14 seconds before the deadline.

The auctioned car features a Viridian Joule Tricoat exterior and a Light Neutral with Dark Accents interior along with the Premium Trim Package and other amenities. The donated package includes a 240-volt charging station and installation.

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