Volkswagen Passat Blue on 2040-cars
Houston, Texas, United States
Vehicle Title:Salvage
Engine:2.5
Fuel Type:Gasoline
For Sale By:Private Seller
Transmission:Automatic
Year: 2012
Make: Volkswagen
Model: Passat
Options: Sunroof, Leather Seats, CD Player
Safety Features: Anti-Lock Brakes, Driver Airbag, Passenger Airbag, Side Airbags
Drive Type: Automatic
Power Options: Air Conditioning, Cruise Control, Power Locks, Power Windows, Power Seats
Mileage: 17,100
Sub Model: SE
Exterior Color: Blue
Disability Equipped: No
Interior Color: Tan
Warranty: Vehicle does NOT have an existing warranty
Number of Cylinders: 5
Trim: blue
2012 Volkswagen Passat VIN # 1VWBH7A36CC019140 Car with automatic transmission 4 doors 5 cylinders sunroof leather seats all electric seat and lock alloy wheels fuel type gasoline touch screen stereo satellite radio 17100 title is Salvage the vehicle was bought through an auction. Vehicle must be picked up on site for any questions call 281-995-9314
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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.
Volkswagen looking to acquire Proton, Lotus?
Thu, 26 Jul 2012Let's say you're an automaker bent on world domination looking to grow your sales. That's going to have you looking at Asian markets, because that's where some of the biggest growth has been, and that's exactly what Volkswagen is doing as it considers making another run at Malaysia's Proton.
Reuters reports that Volkswagen is interested in at least a partial stake, if not a controlling interest in Lotus-parent Proton as a way to continue a production presence in the region without having to build its own factory.
Volkswagen already builds the Passat in a DRB-HICOM facility in Pekan, Malaysia, and plans are in place to build the Jetta and Polo there, as well. With both southeast Asia and its relationship with Proton figuring so importantly in Volkswagen's plans for expansion, buying into Proton can help ensure stability. Volkswagen is being tight-lipped about the whole idea, but CEO Martin Winterkorn did recently say, "it's our clear goal to continue the successful (expansion) course of past years with great dynamics and stability," which sounds an awful lot like deals are on the table to smooth the path to further growth.
Submit your questions for Autoblog Podcast #366 LIVE!
Mon, 27 Jan 2014We're set to record Autoblog Podcast #366 tonight, and you can check out the topics below, drop us your questions and comments via our Q&A module, and don't forget to subscribe to the Autoblog Podcast in iTunes if you haven't already done so. To take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight.
Discussion Topics for Autoblog Podcast Episode #366
2015 Lincoln Navigator
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