Find or Sell Used Cars, Trucks, and SUVs in USA

2006 Passat R3.6 Unique Car Limited Edition Super Fast on 2040-cars

US $6,950.00
Year:2006 Mileage:129000
Location:

San Diego, California, United States

San Diego, California, United States
Advertising:

2006 passat R3.6 with 125k hwy mi. unique in America owned by a car enthusiast I buy it in a auction 4 years ago with only 40k miles, It was professionally fixed it was need to replace the front bumper, reinforcement and radiator, the car is fully loaded everything you image even a air conditioner cooler in the middle console keeps the sodas cool, all window shades, xenon, 19" koning wheels with 90% tread remaining tires, brembo red calipers covers, lower with Eibach Lowering Springs Pro-Kit, kyb shocks, fresh brakes including perforated rotors, brand new stereo system, with navigation, DVD,reverse camera, tv, Bluetooth, iPod and aux connector, build in rear trunk spoiler, no badge front bumper, Oil changed every 5k miles with Fully synthetic oil. The car is in pristine condition. (salvage title) $6,950.00 

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Zube`s Import Auto Sales ★★★★★

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Auto blog

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Mon, 03 Feb 2014

Back 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.

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