2012 Volkswagen Passat, Salvage, Damaged, Runs And Drives, Sedan on 2040-cars
Louisville, Kentucky, United States
Options: CD Player
Trim: S Sedan 4-Door
Safety Features: Anti-Lock Brakes, Driver Airbag, Passenger Airbag, Side Airbags
Exterior Color: White
Power Options: Air Conditioning, Cruise Control, Power Locks
Interior Color: Gray
Number of Cylinders: 4
Drive Type: FWD
Hello you are bidding on a 2012 Volkswagen Passat with 29,393 miles. The car runs and drives fine. The car sustained damage to the left front. The car will need the following parts radiator core support, left headlight, upper grille, left fender, left fender inner liner, under bumper shield and misc clips and mounting hardware. The left rail appears to be in great shape, the radiator and ac condenser appear to be in good shape, the car is holding coolant, and the air is blowing cold, the radiator core support is broken on the left side.The hood on the front edge is rolled under a little but can be repaired. The cars interior is very nice, engine bay is in good shape. The car is for sale locally and we do reserve the right to end the auction early. The parts are available used at car-part or on www ebay com. The Car is being sold as is damaged with salvage title. The car is available for inspection please feel free to contact me at 502 817 2972. Nice car, drives great.
We are a family owned business since 1954 same location for 57 years. All of our cars sold as is damaged. A lot of the wrecked vehicle we sell are crashed but still assembled, there are a lot components that maybe damaged that we can not see. We start all vehicles, and see if they can drive, we specify if you can drive them home our lot drive. We do our best to specify which parts are damaged and if the vehicle has frame or structure damage. We list all the damaged items in our add so make sure you read the entire ad there maybe some items listed that you can not see in the pictures. You need to remember you are buying a wrecked car, not a fully functional vehicle in most cases. Please ask as many questions as you like, we will be glad to answer any of the questions you have. You are more than welcome to come by our shop and inspect the vehicles in person or send a representative to inspect the car for you. All vehicles sold as is, we are not responsible for any unseen damaged parts or unseen damaged areas. We are not responsible for carfax, or auto check reports of vehicles while they are for sale by us or after the vehicles are sold.
Right headlight: $130.00 Auto lights (248 291 6324)
Right fender: $175.00 MIdway auto (816 242 0500)
Driver bag: $410.00 LKQ (800 433 7880)
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Auto Services in Kentucky
West Side Auto Body ★★★★★
The Tint Shop ★★★★★
Simpsonville Automotive ★★★★★
Select Suzuki ★★★★★
Auto blogThu, 20 Dec 2012
Do 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."
Back 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.
Way back in 2004, Volkswagen took umbrage with Suzuki being granted permission to use the nameplate "SWIFT GTi" for a performance variant of its small-car offering (2012 equivalent seen here). Now, eight years and surely some very steep legal bills later, VW has finally dropped its claim against Suzuki.
The General Court of the European Union stated, back in March of this year, that Suzuki's GTi registration could not be confused with VW's "Golf GTI." Volkswagen had appealed that ruling, though has now reportedly called off the dogs. In fact, Germany's Die Welt reports that the appeal has been dead for several weeks now.
This news comes amongst continued arbitration acrimony between the two automakers, all revolving around VW's forced divestiture of nearly 20-percent stake it purchased in Suzuki some two years ago.