Auction of First 2014 Chevrolet Corvette Stingray Convertible brings Donations to over $2.2 Million to-date toward Karmanos

Auction of First 2014 Chevrolet Corvette Stingray Convertible brings Donations
to over $2.2 Million to-date toward Karmanos Cancer Institute's Annual Dinner

PR Newswire

DETROIT, April 11, 2013

DETROIT, April 11, 2013 /PRNewswire-USNewswire/ --The Barbara Ann Karmanos
Cancer Institute's Annual Dinner, April 20, has already raised more than $2.2
million toward its $2.5 million goal, thanks in part to the auction of the
first regular retail production 2014 Chevrolet Corvette Stingray Convertible,
donated by Chevrolet.

(Logo:http://photos.prnewswire.com/prnh/20071106/KARMANOSLOGO )

The vehicle went for $1 million at the Barrett-Jackson Collector Car Auction
in Palm Beach, Fla., April 5. The winning bid came from Hendrick Automotive
Group Chairman and Hendrick Motorsports owner Rick Hendrick, an avid Corvette
collector. One hundred percent of the auction's proceeds, in addition to
generous gifts from other sponsors, make up the more than $2.2 million
raised-to-date. Donations benefit the Karmanos Cancer Institute in Detroit and
will support cancer care and a new clinical core lab. 

"This is yet another example of what makes Rick Hendrick a great man, a great
friend, and a great competitor," said Mark Reuss, president, General Motors
North America. "Whether battling other race teams on the track or fighting
cancer in the research lab, Rick is a guy I'd want on my side."

Chevrolet donated the highly coveted sports car as part of General Motors'
support for the Karmanos Cancer Institute and its upcoming 31st Annual Dinner,
of which Chevrolet is Host Sponsor. Event Chairs are Mark and Kim Reuss.
Karmanos Cancer Institute is one of only 41 National Cancer
Institute-designated comprehensive cancer centers in the country.

The 2014 Chevrolet Corvette Stingray Convertible offers all of the
uncompromising performance of the coupe, including an estimated 450 horsepower
and a 0-to-60 acceleration time of four seconds, according to GM. In addition,
its all-new, fully electronic top can be lowered remotely and opened or closed
at speeds of up to 30 mph.

Barrett-Jackson was established in 1971 and specializes in providing products
and services to classic and collector car owners, astute collectors and
automotive enthusiasts around the world.

"We were honored that Chevrolet selected Barrett-Jackson to make the sale of
its first production 2014 Chevrolet Corvette Stingray Convertible at our Palm
Beach auction," said Barrett-Jackson Chairman and CEO Craig Jackson. "My
passion for unique, high-end cars is matched by my enthusiasm to raise money
through our auctions for great charities, such as the Barbara Ann Karmanos
Cancer Institute. It's evident that Rick Hendrick shares this same enthusiasm
and we couldn't be happier that he purchased both the Stingray coupe back at
our Scottsdale auction in January, and now the convertible in Palm Beach."

The donation of this collectible vehicle demonstrates GM's outstanding
commitment to the Karmanos Cancer Institute. In addition, for the second
consecutive year, the GM Foundation has generously donated $400,000 to cancer
research, bringing GM and the GM Foundation's total support of Karmanos to
nearly $7.4 million over the last 16 years.

"The commitment of GM and the GM Foundation to further the Karmanos Cancer
Institute's innovative cancer research and exceptional patient care is nothing
short of magnificent," said Gerold Bepler, M.D., Ph.D., president and CEO of
Karmanos. "From the company's top leadership to its employees and partners,
GM's investment to improve life for those diagnosed with cancer and
significantly impact our global fight to end this disease is truly
outstanding. We are extremely grateful to GM and the GM Foundation, the team
at Barrett-Jackson, Mr. Hendrick and all our sponsors and supporters for the
incredible generosity, moving us closer to a world without cancer."

The Karmanos Cancer Institute's 31st Annual Dinner is Saturday, April 20, at
the General Motors' Detroit-Hamtramck Assembly Center, 2500 East Grand Blvd.,
in Detroit. Event Chairs Mark and Kim Reuss will be joined by emcee Ruth
Spencer, anchor and consumer reporter for WDIV Local 4.

The elegant evening will feature a cocktail reception; seated dinner;
entertainment by DJ Brad Hales and Motown legends The FOUR TOPS; dancing; a
raffle of a stunning 18kt. white gold, pave set diamond bangle bracelet from
Tapper's Diamond & Fine Jewelry; and brief program. There will also be an
exciting live auction featuring unique VIP experience packages. The event
benefits the critical work of Karmanos researchers and physicians who are
creating the next standard of cancer care that will be used around the world.

Chevrolet is the Host Sponsor for Karmanos' 2013 Annual Dinner. Other key
sponsors include: Executive Sponsors, Compuware Corporation, Lil and Alex
Erdeljan, Johnson Controls and Quicken Loans; Entertainment Sponsor, Credit
Union ONE; Dinner Sponsors, AVL Americas, Becker Ventures, Crain
Communications, The Delphi Foundation, Edw. C. Levy. Co., Honigman Miller
Schwartz and Cohn LLP, Kenwal Steel Corporation, Elizabeth and Michael
Kojaian, Lear Corporation, Leo Burnett & Digitas, The Delphi Foundation, The
Suburban Collection, UAW-GM Center for Human Resources and Worthington
Industries; Magazine Sponsor, Hour Detroit and dbusiness; Radio Sponsor,
News/Talk 760 WJR; and Television Sponsor, WDIV Local 4.

Tickets for Karmanos' Annual Dinner are $750 per person for Benefactor level,
which includes priority seating; and Patron level tickets are $525 per person.

To reserve tickets, please contact Lisa Koltunchik at 313-576-8106 or
koltuncl@karmanos.org. You may also visit Karmanos' 2013 Annual Dinner to
reserve tickets online. Companies interested in sponsorship opportunities for
the dinner should contact Maureen Bender at 313-576-8111 or
benderm@karmanos.org. 

About the Barbara Ann Karmanos Cancer Institute
Located in mid-town Detroit, Michigan, the Barbara Ann Karmanos Cancer
Institute is one of 41 National Cancer Institute-designated comprehensive
cancer centers in the United States. Caring for nearly 6,000 new patients
annually on a budget of $265 million, conducting more than 700 cancer-specific
scientific investigation programs and clinical trials, Karmanos is among the
nation's best cancer centers. Through the commitment of 1,000 staff, including
nearly 300 physicians and researchers on faculty at the Wayne State University
School of Medicine, and supported by thousands of volunteer and financial
donors, Karmanos strives to prevent, detect and eradicate all forms of cancer.
Its long-term partnership with the WSU School of Medicine enhances the
collaboration of critical research and academics related to cancer care.
Gerold Bepler, M.D., Ph.D., is the Institute's president and chief executive
officer. For more information call 1-800-KARMANOS or go to www.karmanos.org.

About Chevrolet
Founded in 1911 in Detroit, Chevrolet is now one of the world's largest car
brands, doing business in more than 140 countries and selling more than 4
million cars and trucks a year. Chevrolet provides customers with
fuel-efficient vehicles that feature spirited performance, expressive design
and high quality. More information on Chevrolet models can be found at
www.chevrolet.com.

SOURCE Barbara Ann Karmanos Cancer Institute
 
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