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Business

Cash-strapped GM to auction off historic cars

©

Latest update : 2009-01-08

Troubled US giant carmaker General Motors expects to raise around five million dollars by auctioning off 200 of its historic and most unique cars.

AFP - Cash-strapped General Motors is auctioning off more than 200 of its historic and most unique cars, including a Cadillac made for Pope John Paul II and a presidential limousine replica used in several films.
  
The auction will free up some space in GM's Heritage Center, which currently displays about 200 of its collection of 1,000 vehicles and is expected to raise around five million dollars.
  
"We're trying to get the collection to the right size," said Heritage Center manager Tom Freiman.
  
"At the end of the day, I think we're going to end up with a better mix of heritage vehicles."
  
The auction will run Sunday through January 18 at the Barrett-Jackson Auction in Scottsdale, Arizona.
  
The vehicles being offered include cars built to serve as pace cars in races or for car shows and a collection of historic vehicles.
  
The white 1998 Cadillac convertible made for Pope John Paul II has a step-up throne-like chair which rises and falls with a hydraulic lift.
  
But while the pontiff blessed the car, he never rode in it because it was "deemed unsafe by the security team," according to the auction house's website.
  
The 1986 presidential limousine replica was used in movies such as "The American President" and "In the Line of Fire."
  
Other vehicles for sale include a 1967 GTO used in the action film "XXX," a hand-built Buick Blackhawk - made to celebrate Buick's 100th anniversary in 2003 - and a 1925 House Car, which is an early version of a camper.
  

Date created : 2009-01-08

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