2009 Volkswagen Jetta Se Sedan 4-door 2.5l on 2040-cars
New York, New York, United States
Engine:2.5L 2480CC 151Cu. In. l5 GAS DOHC Naturally Aspirated
Vehicle Title:Clear
Body Type:Sedan
Fuel Type:GAS
For Sale By:Private Seller
Sub Model: SE Auto 4dr FWD
Make: Volkswagen
Exterior Color: Black
Model: Jetta
Interior Color: Gray
Trim: SE Sedan 4-Door
Warranty: Vehicle does NOT have an existing warranty
Drive Type: FWD
Number of Cylinders: 5
Options: Sunroof, Leather Seats, CD Player, Heated Seats, Bluetooth, MP3 Input, Alloy Wheels
Safety Features: Anti-Lock Brakes, Driver Airbag, Passenger Airbag
Power Options: Air Conditioning, Cruise Control, Power Locks, Power Windows, Power Seats, Keyless Entry
Number of Doors: 4
Mileage: 30,500
Fully loaded Black 2009 Jetta SE 4 door / Automatic / leather in PRISTINE condition with only 30.5k miles! Original owner, primarily a weekend car hence the perfect condition and SUPER LOW MILEAGE. Everything runs perfect - zero accident history and no repairs necessary. Brand new front and rear brakes - just replaced in May. GREAT gas mileage. Fully loaded with the works - heated/power leather seats, sunroof, keyless entry, alloy wheels, 6 disc CD + mp3 player input, blue tooth, etc. Car was just professionally detailed inside and out and is sparkling clean. This car was babied and is hands down one of the nicest 2009 preowned jettas available today. Buyer responsible for pick-up (northern NJ) or shipping.
Volkswagen Jetta for Sale
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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 CEO Wiedeking indicted over VW takeover bid
Thu, 20 Dec 2012Do you recall the failed efforts by Porsche to take over Volkswagen? According to a Bloomberg report, former Porsche CEO Wendelin Wiedeking (above) and ex-CFO Holger Haerter have finally been charged with market manipulation over the exercising of options as part of the German sportscar manufacturer's ill-fated attempt to take over the much larger VW. That failed bid eventually resulted in the reverse coming true - VW swallowing Porsche.
The charges leveled by Stuttgart prosecutors come after a three-year investigation centered around allegations that Porsche execs made a concerted effort to increase the company's share in VW to 75 percent in preparation for a hostile takeover. Porsche had previously told its investors on at least five occasions that it had no intention to buy VW.
Portions of the investigation have subsided, according to prosecutors, citing an inability to prove certain improprieties with a "necessary degree of certainty." The number of charges is down to 5 from a previous 14 counts regarding "information-based market manipulation."
VW's Winterkorn tells 20,000 staffers of big cost-cutting plans
Thu, 24 Jul 2014During a gathering of 20,000 Volkswagen Group employees at company headquarters in Wolfsburg, Germany on Wednesday, CEO Martin Winterkorn dropped a bombshell. The boss stated that the automaker isn't operating efficiently enough and admitted the company needs to radically start cutting back to raise its profit margins. To right the ship, Winterkorn has proposed killing off less profitable models and spending less on research and development.
According to Reuters, Winterkorn wants to raise the VW brand's profit margin from about 2.9 percent in 2013 to a target of 6 percent. To make that possible, his plan amounts to increasing cost cutting until Volkswagen reaches about 5 billion euros ($6.7 billion) per year to get things back in order. "Over the short-term, we urgently need more efficiency and higher profit," the CEO said during his speech, according to Reuters.
However, Winterkorn can't make these decisions unilaterally. Volkswagen's works council also has a seat on the supervisory board to represent laborers, and it isn't likely to take the proposed cuts sitting down.