General Motor announced that the last unit of the 427 Corvette Special Edition Z06 will be auctioned this week-end at the 39th annual Barrett-Jackson Collector Car Auction. All the money will go to the American Red Cross relief fund to help earthquake-stricken Haiti.

The limited edition 2008 Chevrolet Corvette is powered by a 7.0L V8 engine with 505 hp. It features Crystal Red Metallic Tint Coat, spider design chrome Z06 wheels, Z06 plates, a Stinger-style stripe on the front hood and fascia, chrome exterior badges and a painted Z06 spoiler and body color door handles. Inside, the Corvette contains a Dark Titanium leather-wrapped interior and special Crystal Red center trim plate. The price for this edition was $84,195.

Press release after the jump.

Press release

General Motors today announced that 100-percent of the proceeds from the auction of a limited edition 2008 Chevrolet Corvette at this weekend’s 39th annual Barrett-Jackson Collector Car Auction will be donated to the American Red Cross relief fund to help earthquake-stricken Haiti.

The proceeds from the auction of the limited edition 2008 Chevrolet Corvette is in addition to the GM Foundation’s recent contribution of $100,000 to the American Red Cross for relief efforts in Haiti.

“This is a very good example of the compassion GM employees have,” said Ed Welburn, Vice President of GM Design. Mr. Welburn will call the vehicle to the stage to start the bidding process at the event.

The limited edition 2008 Chevrolet Corvette was the last of 427 cars built specifically for North America and the only 2008 Z06 available in Crystal Red Metallic Tint Coat. Sporting a 7.0L V8 engine with 505 hp, the Corvette contains spider design chrome Z06 wheels, Z06 plates, a Stinger-style stripe on the front hood and fascia, chrome exterior badges and a painted Z06 spoiler and body color door handles. Inside, the Corvette contains a Dark Titanium leather-wrapped interior and special Crystal Red center trim plate.

All 427 of the limited edition Corvettes were signed and numbered in the center console area by Will Cooksey, the Corvette plant manager who retired in 2006 after 15 years running the plant. The Corvette also features “427” hood badges and engine cover emblems and “427” seat and floor mat embroidery.

The Corvette is Lot #1318 and will be auctioned the evening of Saturday, January 23 at the Barrett-Jackson event in Scottsdale, Ariz.