DPS Auctions Chevy Volt: Raises $225-Thousand
The Detroit Public School District says a charity auction of the first Chevrolet Volt offered for sale is bringing in $225,000 for science, technology and other programs.
Chevrolet will announce the winner and present a check to the Detroit Public Schools Foundation after verifying the bid.
The district says the money will pay for "science, technology, engineering and math initiatives'' for the district's students.
The Chevy Volt can go about 35 miles on battery power before a gasoline engine kicks in to generate electricity.
The Volt has a sticker price of $41,000, but there's also a $7,500 Federal energy rebate.
A NASCAR team owner, Rick Hendrick entered the winning bid. View photos from the event.
The Associated Press contributed to this story.
