Karmann Ghia Convertible on 2040-cars
Oakhurst, Oklahoma, United States
This beauty was purchased by my late wife as her dream car about 5 years ago. She has since passed on year ago. I feel it's time to let someone enjoy this car the same way she did.
I has been about 90% restored, with a couple of small issues, but is road ready with current tags. I hate to sell it but mounting bills have forced my hand. I have the owners manual and what seems to be every receipt of the restoration by the previous owner and lots of diagrams of the body assembly, wiring harness, carb & linkage, even the owners manual to the stereo. ok about the car Nice burgundy & white interior, no tears, with tan carpeting (including luggage compartment) Nice burgundy canvas top. no tears Chrome wheels & chrome "factory style" spare all with good tires. Speedometer works, fuel gauge bounces so just needs a sending unit, Clock is there but does not work Dual Weber 44's with aluminum & hex bar linkage and aluminum breather housing. New mechanical fuel pump. Most importantly a Spare Belt. lol the down side :( It has been setting for almost 2 years (I drained the fuel and refilled it) so it could use a tune up. The blinkers have stopped working. (they worked when I parked it so probably not a big deal) There are a couple of chipped paint spots and a little body work to be repaired. Overall a very nice ride just needs an air cooled lover to give a little TLC. |
Volkswagen Karmann Ghia for Sale
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$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.
Porsche again staring down another $1.8B in hedge fund lawsuits
Wed, 15 May 2013The sequence of events from 2007 that began with Porsche's secret attempt to take over Volkswagen, and instead lead to Porsche being taken over by VW, continues to instigate lawsuits against the Stuttgart sports car manufacturer. A group of hedge funds that suffered over $1 billion in losses sued the car company in New York. Porsche had publicly stated it wasn't trying to buy VW, the hedge funds in question were shorting VW stock, and when Porsche's actual intentions were revealed, the stock shot up and the hedge funds took a beating.
The case was thrown out over the issue of jurisdiction, then appealed, only to see another suit filed on top of that. After that, most of the hedge funds withdrew their claims in New York and Porsche offered a 90-day window to refile in Germany where it is already fighting a number of other suits over the same issue. The hedge funds accepted the offer, refiling in Stuttgart for $1.8 billion in damages. According to Bloomberg, Porsche hasn't commented on the refiling, but as the same plaintiffs are involved, it's safe to assume that the carmaker still feels the case is "unsubstantiated and without merit." It has fared alright so far even in German courts, with two lesser cases against it thrown out last year.
Chrysler slows minivan production, hasn't built VW Routan this year
Wed, 13 Mar 2013Chrysler has slowed production of its Town and Country and Dodge Grand Caravan minivans this week, Automotive News reports. The Windsor, Ontario plant will cut its three shifts from eight hours each to four hours each in an effort "to align production with market demand," a Chrysler spokesperson told AN. Chrysler also builds the closely related Routan minivan for Volkswagen at its Ontario facility, but has not built a single example thus far in 2013.
Sales of Chrysler's minivans fell 15 percent for the first two months of 2013, and a large part of that has to do with the 26-percent drop of the Grand Caravan alone (the T&C was only down by one percent). According to Automotive News data, as of March 1, Chrysler had an unsold inventory of 24,713 Town and Country models and 18,547 Grand Caravans - a 69- and 43-day supply, respectively.
"No sense running full speed now, then have a lot of vehicles sitting around a few months down the line," Chrysler spokeswoman Jodi Tinson told AN. Full production is expected to resume again on March 18.