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SCOTTSDALE, Ariz. — General Motors is further extending its hand of support to Haiti as the country recovers from an overwhelming earthquake.

All of the proceeds from the sale of a limited edition 2008 Chevrolet Corvette, which is up for grabs at the 39th annual Barrett-Jackson Collector Car Auction in Scottsdale, Ariz., will be given to the American Red Cross relief fund aiding the devastated Caribbean nation.

Additionally, the GM Foundation recently donated $100,000 to the Red Cross' Haitian relief cause.

"This is a very good example of the compassion GM employees have," stated Ed Welburn, vice president of GM design, who is kicking off the bidding process by calling the vehicle to the stage at the event.

Offering some history on the limited edition Corvette, officials noted that the model was the last of 427 units built specifically for North America. What's more, it is the only 2008 Z06 that comes in Crystal Red Metallic Tint Coat.

The model has a 7.0-liter, V8, 505-horsepower engine. It features a spider design chrome Z06 wheels, Z06 plates, a Stinger-style stripe on the front hood and fascia, and chrome exterior badges. It also includes a painted Z06 spoiler and body color door handles.

The Corvette's interior features a Dark Titanium leather-wrapped interior and special Crystal Red center trim plate.

Will Cooksey, the Corvette plant manager who ran the facility for 15 years until he retired in 2006, signed and numbered each of the 427 limited edition models.

There are also "427" hood badges and engine cover emblems on the model being auctioned. It also includes "427" seat and floor mat embroidery.

The Corvette is Lot No. 1318. It is slated to be auctioned on Saturday night.

The 2008 model is just one of 125 Corvettes to be offered throughout the event. Also up for sale will be a 1960 Corvette convertible, blue, race-ready 2010 Corvette ZR1, and 1995 Corvette ZR1, just to name a few.

There was also a seminar from the Corvette Market publication scheduled for Thursday.

"Since 1953, the Corvette has earned its place among the elite sports cars worldwide," stated Craig Jackson, chairman and chief executive officer of Barrett-Jackson. "That's why we always have the best selection of 'America's sports car' in Scottsdale each year.

"For collectors looking for a world-class ‘Vette, we'll have several examples from numbers matching classics to wild customs," he continued. "And the Corvette Market seminar will feature the top Corvette experts on the planet. We brought the seminar to WestWorld to offer enthusiasts a valuable learning experience in addition to the fun cars, great food and other activities away from the auction block."

Steve Davis, president of Barrett-Jackson, added: "This is the best offering of Corvettes we've ever had at Barrett-Jackson. With a total of 125 Corvettes ranging in model year from 1954 to 2010, every generation of this American giant will be represented on our auction block."