First Chevrolet Volt for Sale to be Auctioned Online, Benefitting Math and Sciences Education in Detroit Public Schools

Bidding begins today at www.bidonthevolt.com; winner to be announced Dec. 16

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Nov 30, 2010, 10:02 ET

DETROIT, Nov. 30, 2010 /PRNewswire/ -- The first Chevrolet Volt available for retail sale will be offered at public auction with the proceeds benefitting math and sciences education in the Detroit Public Schools.

"Every aspect of the Volt – from its aerodynamic shape to its battery chemistry – is a testament to the importance of math and sciences," said General Motors (NYSE: GM) North America President Mark Reuss. "By encouraging Detroit-area students to pursue these topics, we hope to cultivate the next generation of engineers who will build upon the Volt's innovative technologies."

Reuss announced the auction during an event at Detroit-Hamtramck Assembly, where the Volt is assembled. At the event, Reuss announced the first Volt built during regular production will be retained by Chevrolet in recognition of the team's efforts to bring the revolutionary car from concept to reality. The first Volt bearing the vehicle identification number ending in BU100002 – will be auctioned with all proceeds benefitting the Detroit Public Schools Foundation.

The Volt offered in the auction has a Viridian Joule exterior, Light Neutral interior with dark accents, Premium Trim Package, Rear Camera and Park Assist Package, and polished wheels. The auction also includes a 240-volt charging station and home installation. The opening bid is $50,000.

Bids for the first retail Volt will be accepted at www.bidonthevolt.com until 6 p.m. on Dec. 14. The winning bid will be announced by Chevrolet on Dec. 16. The winner's Volt will be delivered in December.

Funds raised through the auction will be donated to the Detroit Public Schools Foundation to support initiatives such as robotics competitions – including students' entry fees, travel costs, and competition-related equipment.

"One of our primary focus areas is science and math enrichment," said Chacona W. Johnson, President & CEO of the foundation. "Knowledge of science, technology, engineering, and math is critical for the success of our students in higher education, and in their future careers in the 21st century workforce."

The tax-exempt Detroit Public Schools Foundation is dedicated to supporting Detroit students. In addition to science and math enrichment, the foundation supports fine and performing arts programs; early childhood investment; building academic and athletic leadership; and college preparatory investment.

"An estimated 80 percent of jobs in the next decade are going to require skills based in math and science. With the support of GM, Detroit students will be better equipped to make a difference in Detroit, in Michigan, and in the United States," said Robert Bobb, Detroit Public Schools emergency financial manager. "We appreciate General Motors' support in developing the next generation of engineers."

The Chevrolet Volt is an electric vehicle that can operate under a range of weather climates and driving conditions with little concern of being stranded by a depleted battery. The Volt has a total driving range of up to 375 miles, based on EPA estimates. For the first 35 miles, the Volt can drive gas- and tailpipe-emissions-free using a full charge of electricity stored in its 16-kWh lithium-ion battery. When the Volt's battery runs low, a gas powered engine/generator seamlessly operates to extend the driving range another 340 miles on a full tank.

About Chevrolet

Chevrolet is a global automotive brand, with annual sales of about 3.5 million vehicles in more than 130 countries. Chevrolet provides consumers with fuel-efficient, safe and reliable vehicles that deliver high quality, expressive design, spirited performance and value. In the U.S., the Chevrolet portfolio includes: iconic performance cars, such as Corvette and Camaro; dependable, long lasting pickups and SUVs, such as Silverado and Suburban; and award-winning passenger cars and crossovers, such as Malibu, Equinox and Traverse. Chevrolet also offers "gas-friendly" solutions, such as the upcoming 2011 Chevrolet Cruze Eco model that is expected to deliver up to an estimated 40 mpg highway, and 2011 Chevrolet Volt that will offer 35 miles of electric driving and an additional 340 miles of extended range with the onboard generator (based on GM testing). Most new Chevrolet models offer OnStar safety, security, and convenience technologies including OnStar Hands-Free Calling, Automatic Crash Response, and Stolen Vehicle Slowdown. More information regarding Chevrolet models, fuel solutions, and OnStar availability can be found at www.chevrolet.com.

SOURCE General Motors