Rick Hendrick Owner of the first Chevrolet Volt

Posted on 27 February 2011 by Tony Santos

Rick Hendrick

Rick Hendrick, owner of Hendrick Motorsports and chairman of Hendrick Automotive Group cashed out $225,000 to be the first man to own the first unit of Chevrolet Volt for sale.

The Detroit Public Schools Foundation was chosen to be the beneficiary of this auction. Proceeds will be used in improving the science, math, engineering and technology education of the said foundation.

“This was an opportunity to own a piece of history while giving back to the community. I have been a Chevrolet dealer for more than 30 years, and the Volt is one of the most exciting and important new cars since we opened our first dealership in 1976. Hendrick Motorsports has been racing Chevys since 1984, and any success we’ve had is due to the quality of our people. The Detroit Public Schools will prepare the next generation of talented engineers and technicians who will help Chevrolet and Hendrick Motorsports compete at a high level on the racetrack every weekend.” says Rick Hendrick.

The 2011 Chevrolet Volt is a four-seat, four-door “series-parallel plug-in hybrid” hatchback powered by a T-shaped lithium-ion battery pack that can power the car up to 40 miles without the use of gasoline. It can reach a speed of 149 hp with maximum torque of 273 lb-ft, Volt can go from 0-60 mph for about 9 seconds. It takes 4 hours to recharge the battery from a 240 volts outlet and 10-12 hours on 120 volts outlet. Volt is also powered by an 84-hp 1.4 4 cylinder engine which primarily supplies electricity to the motor for as many as 300 additional miles. Volt is estimated to run 60 miles per gallon in combined gasoline and electric powered driving.

Prices  start at $41,000 but can be down to a total of $33,500 with the use of a full federal income tax credit which range from $0 to $7,500.

Press Release:

Rick Hendrick Buys First Volt Offered for Public Sale
$225,000 Bid in Auction Benefits Detroit Public Schools Foundation

Rick Hendrick, owner of Hendrick Motorsports and chairman of Hendrick Automotive Group, has purchased the first Chevrolet Volt offered for sale. Proceeds will benefit science, math, engineering, and technology education initiatives through the Detroit Public Schools Foundation.

The vehicle, bearing the vehicle identification number BU10002, was sold for $225,000 through an online auction that closed Tuesday, Dec. 14.

Detroit Public Schools Foundation President and CEO, Chacona W. Johnson, believes the donation will make a meaningful difference for many Detroit students:

“With Mr. Hendrick’s contribution, we have the opportunity to inspire thousands of children to learn about science, technology, engineering, and math,” said Johnson. “That inspiration will help make Detroit Public Schools students more successful in higher education, and better prepared for careers in the 21st century workforce.”

Here are a few examples of what the foundation could provide to Detroit students with $225,000:

Send 4,500 students to compete in a science fair

It costs $50 per student to compete in the annual Science and Engineering Fair of Metro Detroit, including entry fees and bussing expenses. The fair is open to students in Wayne, Oakland, and Macomb Counties, from grades six through 12. Each year up to eight students from the Detroit competition may be selected to participate in the International Science and Engineering Fair.

Provide 800 kits for robotics competitions

The $280 kit for the FIRST Lego League robotics competition includes everything a team needs to build an autonomous robot. The competition, for students in grades four through eight, is based on students’ scientific research, as well as their robotic construction and programming.

Send 140 students to NASA space camp

It costs $16,000 to send 10 students and chaperones to NASA space camp in Huntsville, Ala., including tuition and travel expenses. During the five-day camp, students apply classroom math and science skills to shuttle training missions, such as moon walking practice and orbiter-egress training.

“Every aspect of the Volt – from its aerodynamic shape to its battery chemistry – is a testament to the importance of math and sciences,” said General Motors North America President Mark Reuss. “Now, the first Volt will help cultivate the next generation of engineers who will build upon the Volt’s innovative technologies.”

The Chevrolet Volt is an electric vehicle that can operate under a range of weather climates and driving conditions with little concern of being stranded by a depleted battery. The Volt has a total driving range of up to 379 miles, based on EPA estimates. For the first 35 miles, the Volt can drive gas- and tailpipe-emissions-free using a full charge of electricity stored in its 16-kWh lithium-ion battery. When the Volt’s battery runs low, a gas powered engine/generator seamlessly operates to extend the driving range another 344 miles on a full tank.

Chevrolet began shipping Volts from Detroit-Hamtramck Assembly this week. Hendrick will take delivery of his Volt later this month.

Categorized | Car News, Electric Cars, Hybrid Cars

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