2004 Volkswagen Beetle Turbo S Hatchback 2-door 1.8l on 2040-cars
Hampton Bays, New York, United States
Engine:1.8L 1781CC l4 GAS DOHC Turbocharged
Vehicle Title:Clear
Body Type:Hatchback
Fuel Type:GAS
For Sale By:Private Seller
Mileage: 48,350
Make: Volkswagen
Exterior Color: Silver
Model: Beetle
Interior Color: Black
Trim: GLS Hatchback 2-Door
Warranty: Vehicle does NOT have an existing warranty
Drive Type: FWD
Number of Cylinders: 4
Options: Sunroof, Cassette Player, Leather Seats, CD Player
Safety Features: Anti-Lock Brakes, Driver Airbag, Passenger Airbag
Power Options: Air Conditioning, Power Windows
Number of Doors: 2
The overall condition of this new beetle is great the car has 5 or 6 small dings in the front of the hood from peddles on the road. it has a scratch on the lower bumper about 2 inches long. The exterior finish is great and the interior looks like new. The car has not been driven hard. Most of the 48000 miles were put on by my wife. The Turbo charged engine comes in handy when entering the highway or to pass another car. No one has ever smoked in the car. We purchased the car from Donaldsons VW in Sayville Long Island. If you are the successful bidder we want $500.00 in 24hrs and the balance in 7 days. You can pick up the car on Long Island or Have is shipped. We will assist in shipping but the total cost will be yours.
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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.
Tanner Foust checks out his new VW Beetle GRC rally car
Thu, 11 Sep 2014Racing driver and Top Gear USA host Tanner Foust is a very busy guy. After all, he's competing in rounds of both Global Rallycross series and FIA World Rallycross Championship, not to mention his TV duties. However, we probably shouldn't feel too sorry for him, because his job puts him behind the wheel of some truly crazy machinery.
Case in point is his latest ride in Global Rallycross - the Volkswagen Beetle GRC. The German company claims that this all-wheel drive Bug makes around 540 horsepower from its 1.6-liter turbocharged four-cylinder and can shoot to 60 in under 2 seconds. Plus, if this video is any indication, this Volkswagen sounds like a machine gun when throwing revs at idle, and it can do some wonderfully easy four-wheel drifts.
Previously, Foust was driving a VW Polo for Andretti Autosport in GRC, but the team unveiled the look of the Beetle GRC at the Chicago Auto Show. Now, Foust is finally getting to show off his new office to the public, and like VW's tagline for the new car claims, it's way hotter than Herbie.
$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.