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December 19th, 2008 at 10:38 am

GM To Auction Classic Car Collection To Raise Funds

GM To Auction Classic Car Collection To Raise Funds 

 GM’s Private Heritage Collection

In order to raise funds, General Motors will be auctioning off a significant portion of its classic car collection next month.

The Detroit automaker has plans to auction as many as 250 cars at the upcoming Barrett-Jackson auction in Scottsdale, Arizona starting January 13th. While most of the cars up for grabs are concepts and one-off models from the last couple decades, you will also find few older vehicles such as a 1904 Oldsmobile Touring Runabout. Most of the cars are from ‘80s and ‘90s, including the Hummer and GMC collection, a series of limited edition Corvettes, a 1904 Oldsmobile Touring, two Peugeot 205 Turbos, Bill Clinton’s presidential Limo and a car used by the Pope in 1998. The list of vehicles for sale hasn’t been finalized yet, so we can see some more entries to the same.

Via Bornrich.org

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