2012 Volkswagen Eos Lux on 2040-cars
3235 US Highway 1 South, St Augustine, Florida, United States
Engine:2.0L I4 16V GDI DOHC Turbo
Transmission:6-Speed Automatic with Auto-Shift
VIN (Vehicle Identification Number): WVWFW7AH4CV009328
Stock Num: CV009328
Make: Volkswagen
Model: Eos Lux
Year: 2012
Exterior Color: Black Uni
Interior Color: Cornsilk Beige
Options: Drive Type: FWD
Number of Doors: 2 Doors
Mileage: 26500
Volkswagen has outdone itself with this gorgeous-looking Eos convertible. This sleek beauty comes fully equipped with a Volkswagen Certification, Navigation System, Power Convertible HardTop, Premium Touchscreen Radio, Push Button Start, Rain sensing wipers, Integrated roll-over protection, Power moonroof, Leather Seating Surfaces, Alloy wheels, Bluetooth Mobile Telephone Connectivity, Comfort Heated Front Seats, Front dual zone A/C, Front fog lights, Heated door mirrors, Leather Shift Knob & steering wheel, Power driver & passenger seats, Steering wheel mounted audio controls and Turn signal indicator mirrors. Volkswagen Certified Pre-Owned means you not only get the reassurance of a 2yr/24,000 mile Bumper-to-Bumper Limited Warranty, but also a 112-point inspection/reconditioning, 24/7 roadside assistance, and a complete CARFAX vehicle history report.
All prices are plus tax, state fees and $599.50 dealer fee. Vehicles listed are subject to availability and prior sale.
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Former Porsche CEO Wiedeking indicted over VW takeover bid
Thu, 20 Dec 2012Do you recall the failed efforts by Porsche to take over Volkswagen? According to a Bloomberg report, former Porsche CEO Wendelin Wiedeking (above) and ex-CFO Holger Haerter have finally been charged with market manipulation over the exercising of options as part of the German sportscar manufacturer's ill-fated attempt to take over the much larger VW. That failed bid eventually resulted in the reverse coming true - VW swallowing Porsche.
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."
European car sales up 8% in February
Sat, 22 Mar 2014Three weeks ago an analyst increased projections for European car sales this year, expecting them to climb three percent compared to last year instead of 2.7 percent. That number is a postive sign after years of hard times but it turns out February was especially good, overall European sales climbing eight percent on a wave of southern European recovery and discounts - and this comes after five months of gains including January's 7.2-percent jump over the year before.
The only country of Europe's five largest markets to post a decline was France, just as it did in January, Germany, the UK and Italy posting solid double-digit numbers, Spain rocking the charts with an 18-percent increase because of a government program to encourage trade-ins.
The only brand to miss the wave was Volkswagen, dropping 0.8 percent as it watched the double-digit growth at sister brands Audi, Seat and Skoda lift the Volkswagen Group sales up by seven-percent. Peugeot overcame flat sales at Citroën to improve the group by 3.5 percent, BMW and the Mercedes-Benz/Smart combo rose by four percent, the Fiat group jumped 5.8 percent, Ford was up 11 percent, the Renault Group 11.5 percent, General Motors 12 percent and the Toyota clan by 14 percent.
$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.