DETROIT -- 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.

"This was an opportunity to own a piece of history while giving back to the community," said Hendrick, an avid car collector. "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," continued Hendrick, who has won a record 10 NASCAR Sprint Cup Series car owner championships. "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."

Detroit Public Schools Foundation President and CEO, Chacona 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
·    Provide 800 kits for robotics competitions
·    Send 140 students to NASA space camp

"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 ownership of his Volt later this month.