How bad is it at GM

[-=Jeff=-]

Originally Posted by GOLDCYLON

Whats the history on the DR-1 ?

[GOLDCYLON]

Well that works. Thanks for the post up Jeff !

[Hammer]

That car is supposed to be a one of one. Only one inexistance that GM made. can you say rare? And that's not all, check out the list below.

From an email from Mom posted on the listserver

GM Heritage Collection Sales at Barrett-Jackson
'89 Corvette DR-1
'89 Corvette Snake Skinner
'89 Corvette Splash
'89 Corvette ZR-1
'89 Corvette ZR-1 (Dark Red)
'89 Corvette ZR-2 Big Doggie
'90 Right hand steer
'90 Corvette ZR-1 Active
'91 Corvette Convertible
'92 Corvette ZR-1 First Built (Red)
'93 Corvette LT-1 Spyder
'94 Corvette (Teal)
'97 Corvette Alpha Build
'97 Corvette Beta Build
'97 Corvette Tiger Shark
'98 Corvette First Build
'98 Corvette X-plorers
'99 Corvette C5R Show Car
'99 Corvette Shark
'00 Corvette Z06 Race

Mom

>
> Good afternoon, Camaro Comrades, Firebird Friends, and Corvette
> Cousins............
>
> As you may know, the GM Heritage Collection numbers in the many
> hundreds of cars and trucks - from 'first builts' and 'last builts' to
> one-off show cars to SEMA show cars.
>
> The decision has been made to sell off select vehicles. (Indeed, a sad
> day for some of us......)
>
There's a little of everything -- fromthe Legendary Buick Blackhawk -- to (are you sitting down?) a COUPLE of 1989 Corvette ZR1s -- the Jon Moss built Track-dominating Black 572 ZL1 -- A C5 Alpha and a C5 Beta -- The Tiger Shark -- the LT5 Camaro -- a 1904 Olds Touring -- several GTOS -- both old and new -- a couple of 1970 muscle cars -- a mid nineties "510"Impala SS -- and many, many pace cars and trucks.
>
> This may be the time to break open the piggy bank.................
>
> PLEASE NOTE:
>
> This is a preliminary list -- it is very likely subject to change -
>
> Barrett-Jackson will, in the coming week or two, put out pictures
> of each of these cars on their website.

[Hammer]

Oops, gues I shoulda read the whole post first.
We need some new smilies by the way.

[Jason 91]

This is sad to see. It's the automtive equivalent to the government selling out of the national museums.

Jason

[White Bullet]

The bigger question is how will selling all of these rare or exclusive vehicles help GM? . I have no idea what they might bring at the auction but somehow I think it would be a drop in GM's bucket and then what? And where does the leave the Corvette Museum? I am not bright enough to have the answers but on the surface this seems very wrong.

[Z51JEFF]

Originally Posted by Jeffvette

I've got a phone call into Adam at the Museum. Half the building will be empty.

ZR-2 was the 454 Vert with the hardtop.

Aka the Big Doggie.

[cuisinartvette]

Wow, unbelieveable. Sad time indeed.

[tomtom72]

Originally Posted by cuisinartvette

Wow, unbelieveable. Sad time indeed.

True words....it has come to this. I can't even fathom what could be helped by this liquidation. I know when you're broke & in debt, every little bit helps. Even if the sale of every one of those cars yields a billion dollars in net to GM.....set that against the GM corporate debt paper out in the market at about 63 billion.

I hate to say this but, I think that GM is insolvent.

[GOLDCYLON]

Originally Posted by flyin ryan

crazy stuff, but i guess they have to show like they are trying to trim the fat so can get the bailout money. sucks but...

I completely agree to Ryans statement. I suspect this is the real reason behind this however it has to be pulling on some of GMs heartstrings for some of their personnel. I know cars are just items but I have to believe in some reguards this measure is probably to some folks at GM like losing a child.