1963 Volkswagen Beetle Deluxe Sunroof Sedan - No Reserve on 2040-cars
London, Ohio, United States
Up for auction is a 1963 Volkswagen Beetle. I am no expert on cars,
but I will tell you everything I know about this vehicle. This
vehicle has been in the family for more that 40 years, my dad owned it
and took care of it for many years, he gave it to me 10 years ago and I
do not have the space to store it anymore. Everything appears to
be original, it has been converted over to 12volts. The car is
operational. Brake pedal
sticks. The accelerator pedal
broke, temporary fixed it, but will need addressed. Antenna broke off. The radio does not
work, probably because it is 6volts. It has 29,930 miles on the speedometer,
in the manual he wrote that he replaced the speedometer on August 22,
1972 and the old meter read 65,649. Drives, rides and sounds like it should. Feel free to ask me any question
and I will answer to the best of my knowledge. Body has some rust spots in areas but otherwise pretty solid. Also if you need any
detailed pics, let me know. Also comes with manual and some parts and tools. If you want to look at car and test drive, let me know.
On Jun-01-14 at 14:28:29 PDT, seller added the following information: Seller reserves the right to sell locally. |
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$1.4B hedge fund suit against Porsche dismissed
Wed, 19 Mar 2014Investors have canvassed courts in Europe and the US to repeatedly sue Porsche over its failed attempt to take over Volkswagen in 2008 (see here, and here and here), and they have repeatedly failed to win any cases. You can add another big loss to the tally, with Bloomberg reporting that the Stuttgart Regional Court has dismissed a 1.4-billion euro ($1.95B US) lawsuit, the decision explained by the court's assertion that the investors would have lost on their short bets even if Porsche hadn't misled them.
Examining the hedge funds' motives for stock purchases and the bets that VW share prices would fall, judge Carola Wittig said that the funds didn't base their decisions on the key bits of "misinformation," and instead were participating simply in "highly speculative and naked short selling," only to get caught out.
With other cases still pending, the continued streak of victories bodes well for Porsche's courtroom fortunes, since judges will expect new information to consider overturning precedent. If there is any new info, it could come from the potential criminal cases still outstanding against former CEO Wendelin Wiedeking and CFO Holger Härter, who were both indicted on charges of market manipulation.
Former Porsche boss Wiedeking won't face criminal charges over VW bid
Mon, 28 Apr 2014Hedge fund managers have been suing Porsche for years now, alleging that the car company lied about its intentions during its failed attempt to take over Volkswagen, a gambit that caused them billion in losses. Over the same period, authorities in Stuttgart built a criminal case against former CEO Wendelin Wiedeking (above, left) and Chief Financial Officer Holger Härter (right), filing charges in December 2012. When those fund plaintiffs lost their most recent court case, one of the dimming lights in the dark and receding tunnel was that the criminal investigation might unearth more evidence about Porsche's actions that could help the plaintiffs in pending litigation.
Bloomberg reports that another light has gone out, though, with a Stuttgart court dismissing the market manipulation case before going to trial because, as a court spokesperson said, "there wasn't enough evidence backing up the charges." When prosecutors get the files back from the court, they have a week to decide to refile, but unless they've been sandbagging evidence that could bolster the case, the only lights at the end of the tunnel will be those welcoming Wiedeking and Härter back to the world of legally unencumbered men.
VW midsize crossover production headed for Chattanooga
Fri, 10 Jan 2014Potential labor woes aside, it looks like Volkswagen's Chattanooga, TN factory must have done something that impressed the bosses in Germany, because it sounds like the three-year-old factory is set to score a second model.
The factory currently builds the Passat, and has been in the running alongside VW's Puebla, Mexico factory to build a new crossover vehicle, likely based on the CrossBlue Concept. According to Bloomberg, a pair of unnamed sources have confirmed that Chattanooga is the favorite ahead of an official announcement.
When last we heard about the CrossBlue Concept, word was that a production decision had been delayed over concerns about the three-row CUV's business case. That August 2013 story claimed that a decision regarding the CrossBlue would be pushed back until early in 2014, which means we're ripe for some sort of news, whether good or bad.