Classic Convertible Runs Great on 2040-cars
Fullerton, California, United States
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THE GOOD 1990 Volkswagen Rabbit I just drove this gem from San Francisco to the Southern California area. It ran like a sewing machine! We bought it for our girl and she used it through High school. She hardly drove it. THE BAD It is more weather worn than anything else. It will need work such as a top, interior detailed, paint, radiator. It has some rust around the windows. I used to be a professional mechanic for a Mercedes/Porsche dealership The car runs great! As mentioned I just drove it from Northern California to Southern California. That said; It is a restore car and needs TLC. If it does not sell, we will restore it and keep it. A great all around town convertible for those sunny days. THE UGLY No warranties implied or offered. It sells 'As Is Where Is'. Local Pick up only unless vehicle is fully pre-paid with 'Cleared Banks Wire Transfer' and you arrange your own shipping. We assume no responsibility for your shipper. 500.00 non-refundable U.S. must be paid within 48 hours of sale. non negotiable. Remainder must be paid 7 days. Buyer ships at own risk. I am not a dealer. This is sold private party only! Dealers please DO NOT SOLICIT TO SELL IT on your lot, on the arm or otherwise! NO CHECKS-MONEY GRAMS SEA SHELLS OR NIGERIAN SCAMS VERIFIABLE WIRE TRANSFER OR VERIFIED CASHIERS CHECK ONLY CASHIERS CHECK MUST CLEAR BEFORE VEHICLE LEAVES Please feel free to contact me with ANY car questions BEFORE your bid or buy. |
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Auto blog
TN politicians may push to end VW incentives if plant goes union
Tue, 11 Feb 2014Volkswagen's Chattanooga Assembly Plant is scheduled to vote on whether to unionize in the coming days, but Tennessee state lawmakers are threatening to deny future tax subsidies to the factory, if the vote is successful. The factory is currently the only Volkswagen plant worldwide that is not unionized.
The states's Republican lawmakers have been particularly vocal against the union vote. Tennessee state senator Bo Watson said during a press conference that VW would have a "very tough time" with future incentives if the vote were successful, according to Automotive News. Tennessee House Majority Leader Gerald McCormick said the "heavy hand" of the UAW is not welcome there. VW has drawn criticism from both sides because it has allowed both pro- and anti-union groups to speak to workers and hand out leaflets.
Roughly 1,500 factory employees will vote on whether to unionize from February 12-14. If successful, the Chattanooga factory would be the first in the US organized under a German-style works council system where white- and blue-collar workers directly negotiate factory issues with the company's management.
Autoblog Podcast #366
Tue, 28 Jan 2014Episode #366 of the Autoblog podcast is here, and this week, Dan Roth, Jeff Ross and George Kennedy of Boldride.com talk about the 2015 Lincoln Navigator, Volkswagen's US market woes, and the drama at the Rolex 24 hours of Daytona. We start with what's in the garage and finish up with some of your questions, and for those of you who hung with us live on our UStream channel, thanks for taking the time. Check out the new rundown below with times for topics, and you can follow along after the jump with our Q&A. Thanks for listening!
Autoblog Podcast #366:
Topics:
Porsche board members facing another ˆ1.8B lawsuit over VW takeover bid
Mon, 03 Feb 2014Back in 2008, Porsche got the bright idea that it could take over Volkswagen in the midst of the worst economic slump since the Great Depression. Ignoring that this was a catastrophic move for the Stuttgart sports car manufacturer that that eventually resulted in it nearly going bankrupt and eventually being taken over by the same company it sought to control, the aftermath has left Porsche Chairman Wolfgang Porsche and board member Ferdinand Piëch in the crosshairs of seven hedge funds that lost out during the takeover and are now seeking €1.8 billion - $2.43 billion US - in damages from the two execs, according to the BBC.
See, investors bet on Volkswagen's share price going down, partially because Porsche said it wasn't going to attempt a takeover. But Porsche was attempting to take over VW, having bought up nearly 75-percent of VW's publicly traded shares. When word broke that Porsche owned nearly three-quarters of VW (which indicated an imminent takeover attempt), rather than go down like the hedge funds bet it would, VW's share price skyrocketed to over 1,000 euros per share, according to Reuters.
Naturally, when you bet that a company's share price is going to drop and it in turn (temporarily) becomes the world's most valuable company, you lose a lot of money, unless you're able to buy up shares before prices jump too much. This led to a squeeze on the stock, which the hedge funds accuse Porsche and Piëch (who are both members of the Porsche family and supervisory board) of organizing.