General Motors rolls out show cars for cash (Sun-Sentinel)- Topic: Car Auction News

GM is auctioning about 100 of its prized antique and show cars to raise cash and trim warehousing costs, further reducing its specialty fleet, which once numbered 1,000. It costs a lot to house that many vehicles,” said Greg Wallace, manager of the General Motors Heritage Center in Sterling Heights, Mich. The listings include a 1920 Chevrolet Model T truck; a 1999 Camaro Z28 used in the movie “Runaway Bride”; and a 1978 Corvette Indy 500 pace car, one of four made—and one of two that GM owns. But others excited bidders, including Indy pace cars and a “Popemobile” convertible built for John Paul II (complete with thronelike seat; Barrett-Jackson’s Web site describes it as a 1998 Cadillac Brougham that sold for $57,200). read more

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