1970 Volkswagen Karmann Ghia Vw Excellent, Original, 59k Miles on 2040-cars
Rapid City, South Dakota, United States
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I am selling my 1970 Karmann Ghia. I purchased the Ghia about 4 years ago from a woman whose husband had bought the car for her as a gift. She was unable to drive a stick shift so the car sat for 13 years covered in her garage. And, from the warranty voucher I can see that it was originally purchased at Trans Ocean Motor Co., Inc. in Pasadena, California on 2-14-70.
After getting the car home and running the engine was leaking more oil than I would have liked (I assumed from the seals drying out from sitting) so I re-sealed the engine. While the engine was out I also installed new Mahle pistons and cylinders and had the heads rebuilt by Painter's Grinding. I also replaced the clutch disc, throw out bearing, and installed a new muffler. The engine runs great, the transmission shifts as it should, the brakes work correctly. I replaced the dry rotted tires with the correctly sized Vredestein tires from Coker Tire and had the front end aligned. The car had been repainted the correct red. This 17+ year old single stage paint buffed out great. There are a few dings and scratches in the paint but overall it looks great. The only rust I can find is the two small rust holes in the engine compartment below the battery. And there are some bubbles on the lower passenger door that may have rust underneath I don't know but they have not changed in size. I cannot find where any previous collision or rust damage has been repaired. The pans and inner fenders are also in great shape. The only thing I did to the interior was clean it. The original interior is very presentable. The original AM/FM radio works, the speedo and gas gauge work, the clock does not, and the heat and defrost work well. The dash has a few cracks, there is a burn in the driver's seat bottom, and the rear passenger floor mat is hard and cracking. This is a nice running /driving Ghia and I believe the miles to be correct. I have taken it on two separate 1,000 mile road trips and it never skipped a beat. Please email me with any questions or if you need any specific photos. |
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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.
Volkswagen shows off performance-ish Passat concept
Mon, 14 Jan 2013As part of its 2013 Detroit Auto Show debut package, Volkswagen has rolled out a sportier version of the Passat sedan, though it's strictly conceptual for now. A small dose of go-fast visuals have been added to the handsome Volkswagen, including 19-inch wheels, carbon-capped mirrors, an advanced front lighting system, LED taillamps and dual exhaust. Some carbon bits and upgraded leather are found inside the cabin, as well.
But the real performance chops come in the form of a 1.8-liter turbocharged four-cylinder engine that sends 250 horsepower to the Passat's front wheels via a six-speed automatic transmission. That's a good boost in power over the 170 hp of the base 2.5-liter inline-five, but not quite as potent as the 3.6-liter VR6. A lowered sport suspension and revised electronic steering are also on hand, making things slightly more involving out on the road... we assume.
It's not quite the performance concept we were hoping for, but a more enthusiastic Passat isn't necessarily a bad thing. Scroll down for the press release.
Former Porsche CEO Wiedeking indicted over VW takeover bid
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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."