2010 Routan Se Navi-back Up Cam Dual Dvd Leather One Florida Owner on 2040-cars
Sarasota, Florida, United States
Body Type:Minivan, Van
Vehicle Title:Clear
Engine:3.8L 3778CC 231Cu. In. V6 GAS OHV Naturally Aspirated
Fuel Type:Gasoline
For Sale By:Private Seller
Make: Volkswagen
Model: Routan
Warranty: Vehicle does NOT have an existing warranty
Trim: SE Mini Passenger Van 4-Door
Options: Leather Seats, CD Player
Drive Type: FWD
Safety Features: Anti-Lock Brakes, Driver Airbag, Passenger Airbag, Side Airbags
Mileage: 21,447
Power Options: Air Conditioning, Cruise Control, Power Windows, Power Seats
Exterior Color: Red
Interior Color: Tan
Number of Cylinders: 6
FOR SALE IS A ONE OWNER 2010 ROUTAN SE WITH NAVI,BACK UP CAMERA,DUAL DVD SCREEN,DUAL AIR,VINYL LEATHER,POWER SLIDIND DOORS AND TAILGATE.WE BOUGHT THIS VAN IN OCTOBER 2011 FROM VISTA MOTORS IN MIAMI,IT WAS THE MANAGERS CAR AND HAD A MINOR PREV.ACCIDENT WHILE SITTIND IN THE PARKING LOT AT THE VW DEALER.IT WAS REPAIRED BEFORE WE BOUGHT THE VAN,I HAVE A COPIE OF THE REPAIRE BILL IT WAS AROUND $4000.-
WE NEED A BIGGER CAR WITH 4X4,WE HAD THE VAN JUST SERVICED IN JANUARY AND THERE IS STILL POWERTRAIN WARRANTY FOR 2 MORE YEARS.
VAN HAS VERY LOW MILES AND ALLWAYS BEEN IN SUNNY FLORIDA AND RUNS 100%.
I WILL START THE AUCTION AT A VERY LOW $15900.-AT NO RESERVE.
PLEASE BID ONLY,IF YOU ARE WILLING TO BUY AND MAKE SURE TO HAVE THE MONEY TO PAY FOR IT.
CHECK MY FEEDBACK FOR AND YOU KNOW.
YOU CAN CALL OR TEXT ME AT 941-266-3075
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Auto Services in Florida
Zeigler Transmissions ★★★★★
Youngs Auto Rep Air ★★★★★
Wright Doug ★★★★★
Whitestone Auto Sales ★★★★★
Wales Garage Corp. ★★★★★
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Auto blog
VW makes $9.2B offer for rest of truckmaker Scania
Sun, 23 Feb 2014Volkswagen owns or has controlling interests in three commercial truck operations: besides its own, VW began buying shares in Sweden's Scania in 2000 and now controls 89.2 percent of its shares and 62.6 percent of its capital, then bought into Germany's Man in 2006 - in order to prevent Man from trying to take over Scania - and now owns 75 percent of it. The car company has managed to work out 200 million euros in savings, but believes it can unlock a total of 650 million euros in savings if it takes outright control of Scania and can spread more common parts among the three divisions.
It has proposed a 6.7-billion-euro ($9.2 billion) buyout, but according to a Bloomberg report, Scania's minority investors don't appear inclined to the deal. Although effectively controlled by VW, Scania is an independently-listed Swedish company, and a profitable one at that: in the January-September 2013 period its operating profit was 9.4 percent compared to Man's 0.4 percent. Some of the other shareholders believe that Scania is better off on its own and will not approve the deal, some have asked an auditor to look into the potential conflict of interest between VW and Man, while some are willing to examine the deal and "make an evaluation based on what a long-term owner finds is good," which might not be just "the stock market price plus a few percent." The buyout will only be official assuming VW can reach the 90-percent share threshold that Swedish law mandates for a squeeze-out.
Many of the arguments against boil down to investors believing that Scania's Swedishness and unique offerings are what keep it profitable, and ownership by the German car company will kill that. (Have we heard that somewhere before?) If Volkswagen can buy that additional 0.8-percent share in Scania, perhaps its buyout wrangling with Man will give it an idea of what it's in for: "dozens" of minority investors in the German truckmaker have filed cases against VW, seeking higher prices for their shares. It is likely only to delay the inevitable, though. If VW is really going to compete with Daimler and Volvo in the truck market, it has to get the size, clout and savings to do so.
$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.
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.