1976 California Beetle Fuel Injected Convertible, Low Miles Yellow, Drives Nice! on 2040-cars
Cicero, Indiana, United States
1976 Beetle Convertible 84,300 mile
This is a documented California car with low milage, it appears to be a 2 owner. We have a lot of receipts going back to 1998 . The beetle still retains its California smog equipment including the catilictic converter.(probably needs to be removed) This beetle runs really well and shifts like a beetle should. You have to give it 3 or 4 minutes to warm up at an idle, I am told that a simple fix for this is a $70 pre ignition part but it never bothered my wife or me. Paint is about 10 years old according to the receipt and looks very presentable, It is not perfect but then this car needs to driven to shows. The sills and inside of the doors, trunk and motor appear to be original paint and nicks and scratches have been touched up. Looks have newer interior running boards and carpet. Top will need replaced if you plan on using it up all the time. It has a patch I have included the picture , This hole was from being down up against the steel top all the time. We never put it up and it appears neither did the previous owner. We have VW books for the car including the owners pamphlet. Tires and brakes show about 2 years of age but only 1000 miles according to the receipts. Doesn't have the usual shake at 50 , wife has had it up to 70 and it cruises nice at 55 to 60 MPH. We drive this car and it gets a lot of attention everywhere we go, especially at show and shines or cruises. It is easy on gas and we are selling as a # 3 condition driver. It is a little better than that but use that as a pricing guide. Thank you and if you win this car enjoy and drive it! |
Volkswagen Beetle - Classic for Sale
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Porsche again staring down another $1.8B in hedge fund lawsuits
Wed, 15 May 2013The sequence of events from 2007 that began with Porsche's secret attempt to take over Volkswagen, and instead lead to Porsche being taken over by VW, continues to instigate lawsuits against the Stuttgart sports car manufacturer. A group of hedge funds that suffered over $1 billion in losses sued the car company in New York. Porsche had publicly stated it wasn't trying to buy VW, the hedge funds in question were shorting VW stock, and when Porsche's actual intentions were revealed, the stock shot up and the hedge funds took a beating.
The case was thrown out over the issue of jurisdiction, then appealed, only to see another suit filed on top of that. After that, most of the hedge funds withdrew their claims in New York and Porsche offered a 90-day window to refile in Germany where it is already fighting a number of other suits over the same issue. The hedge funds accepted the offer, refiling in Stuttgart for $1.8 billion in damages. According to Bloomberg, Porsche hasn't commented on the refiling, but as the same plaintiffs are involved, it's safe to assume that the carmaker still feels the case is "unsubstantiated and without merit." It has fared alright so far even in German courts, with two lesser cases against it thrown out last year.
1000-hp Mk1 VW Golf is terrifyingly cool
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Of course, we'd wager you quit reading right about the time you set your eyes on that headline. Those of you who've stuck around this long can point yourselves below to see the maniacal creation in action. You won't be disappointed.
VW makes $9.2B offer for rest of truckmaker Scania
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It has proposed a 6.7-billion-euro ($9.2 billion) buyout, but according to a Bloomberg report, Scania's minority investors don't appear inclined to the deal. Although effectively controlled by VW, Scania is an independently-listed Swedish company, and a profitable one at that: in the January-September 2013 period its operating profit was 9.4 percent compared to Man's 0.4 percent. Some of the other shareholders believe that Scania is better off on its own and will not approve the deal, some have asked an auditor to look into the potential conflict of interest between VW and Man, while some are willing to examine the deal and "make an evaluation based on what a long-term owner finds is good," which might not be just "the stock market price plus a few percent." The buyout will only be official assuming VW can reach the 90-percent share threshold that Swedish law mandates for a squeeze-out.
Many of the arguments against boil down to investors believing that Scania's Swedishness and unique offerings are what keep it profitable, and ownership by the German car company will kill that. (Have we heard that somewhere before?) If Volkswagen can buy that additional 0.8-percent share in Scania, perhaps its buyout wrangling with Man will give it an idea of what it's in for: "dozens" of minority investors in the German truckmaker have filed cases against VW, seeking higher prices for their shares. It is likely only to delay the inevitable, though. If VW is really going to compete with Daimler and Volvo in the truck market, it has to get the size, clout and savings to do so.