1970 Porsche 914 on 2040-cars
Mira Loma, California, United States
E-Mail Questions at: corrinacpposton@lifefriend.com .
This car belongs to a collector. I am not sure what to do with it. one could leave it as is or restore to a certain
degree. I do not want to make that decision with this car it is way too rare mess it up. The car is basically 100%
except paint and original wheels are not installed. The original wheels come with car. The car has its books,
tools, spare(unused) tire, jack and original footrest. The interior is original, no tears or cracks! Seats are
extremely nice. I was very careful not mess with the car. No armorall or any other b.s. The car was kept in a dry
garage in San Diego. The car drives really, really nice! Pulls nicely, brakes straight and solid, turns nicely with
no slop in steering wheel. Suspension is feels right and transmission works as it should. That is a bit vague but
no issues with grinding. Runs at the proper temp, gauges work etc. The car is tight. The only driving issue is the
idle is a bit low until warm. About 500 rpm cold, needs about 75 imo. 750 rpm warm is perfect. There are the
faintest signs of surface rust in 2 or 3 spots. extremely minimal. Again at this point, I have left alone and let
the next owner make the decision.
The car is too nice me for to drive. Hopefully a real Porsche collector will get this car.
Porsche 914 for Sale
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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.
Popular Science magazine's Best Of What's New 2012 all ate up with cars
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Tesla Model S: the Grand Award winner for being "the standard by which all future electric vehicles will be measured."
BMW 328i: it's 2.0-liter turbocharged four-cylinder gets called out for being more powerful and frugal than the six-cylinder it replaces.
24 Hours of Le Mans an on-and-off love affair
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None of that served to dampen the action. With little more than an hour left in the race there were cars still only a few seconds apart fighting for position, leads still changing because of pit stops and everyone drafting anyone they could.
Things didn't go the usual way up front, either - well, not exactly...