Classic 1959 Karmann Ghia Volkswagon Convertible, All Original! Wow!!! on 2040-cars
Bowling Green, Kentucky, United States
You are looking at a classic 1959 convertible Karmann Ghia. 4 speed transmission. 36 miles per gallon. It starts up and runs good. The engine was rebuilt and has about 500 miles. The paint job is in good condition except the chipping and rust spots in the pictures. The rear bumper does have minor rusting. The interior is in good shape. There is no radio and the windshield wiper arms are not attached. The heater runs, did not come with air. Garage kept!! Tires are in fair/poor condition. They do have tread but are dry rotted. The convertible top is new. This would be a wonderful car to have. NO SHIPPING OF VEHICLE..PICK UP ONLY. I would suggest to haul it because of the tires other than that it runs good. I am selling this for a friend, if you have any questions email me or call JC at 1-270-202-2021. This vehicle is in Kentucky. Paypal payment of $200.00 to hold the car. The rest will be paid in cash only at time of pick-up. If you don't show, the $200.00 deposit is non-refundable. Thanks for looking and may the best man win!
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Volkswagen Group names Paefgen head of classics program
Tue, 04 Oct 2011You may remember the name Franz-Josef Paefgen. Until recently, the German engineer and executive was head of both Bentley and Bugatti. Before that he was chief executive of Audi, after working for several years at Ford. He technically "retired" earlier this year, but like the cars he helped create, an executive like Paefgen could never really retire. So it should come as little surprise that the Volkswagen Group has named Dr. Paefgen head of its Classic program.
In his new capacity, Paefgen will oversee the historic automobile activities of the entire VW Group, including those of Volkswagen, Seat, Skoda, Audi, Lamborghini, and of course Bentley and Bugatti. It strikes us as a suitable semi-retirement for the man responsible in no small part for the Bugatti Veyron and Bentley Mulsanne, to name just two, and who was decorated in 2006 by the ACO as the "Spirit of Le Mans" for his contribution to endurance racing. Read the official announcement after the break.
$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.
2013 Volkswagen Jetta Hybrid
Tue, 12 Feb 2013More Fun Than A Prius, Less Sensible Than A TDI
Let's have some fun, and do some math. We're talking pretty rudimentary stuff, multiplication and division, to figure out if the upcoming Volkswagen Jetta Hybrid can make a baseline case for itself against two very strong competitors in this segment. The competitors in question, at least for now, are two more Jettas: the diesel-drinking TDI and the fit-for-the-masses SE with VW's long-serving 2.5-liter engine.
To keep the equations clean and simple (hey, we're writers), we'll calculate based on the most flattering EPA miles per gallon stat from highway driving for all cars, assume a healthy 20,000 miles driven per year, and factor in today's average cost for the respective fuels these three require: diesel (TDI), regular (SE) and premium (Hybrid). We'll also start with the base prices for all models.