1994 Volkswagen Jetta Gl Sedan 4-door 2.0l Track Car - Not A Street Car on 2040-cars
Springfield, Illinois, United States
This is a track car. Don't buy this to drive on the street.
Here's a 1994 VW Jetta, 5 speed stick, crank windows, no sunroof. We removed the trunk stuff, back seat, radio, A/C coil, wipers, and got her down to 2400 lbs with a half tank of gas. This car will run with Miatas all day, and get 20 MPG doing it. Motor - basically unmodified 2.0 four, did a light polish and gasket match on the intake, and a tuneup. Uses no oil, pulls willingly to the redline. Removed the factory airbox and installed a no-name oil media air filter. Suspension - no-name ebay coilovers. About 2 inches clearance up front, adjustable from slammed to 3 inches. 2 degrees negative camber, comes with factory strut bolts and Moog cam bolts so you can dial in whatever camber you want. Brakes - stock, no ABS. You're on your own. Wheels - comes with one set of 15 inch, 4x100, 205-50 Kumho Excta XS tires, and one set of factory 14 inch steelies with no-names good for tow dolly use. Body - she's a midwestern girl. Expect some rust. Nothing structural, but the rust is through one seam in the trunk - see picture. This car went to the $2013 Challenge and held it's own. Then, she did several HPDE events this year. It's a barrel of monkeys, and likes to lift it's inside rear wheel to say "piss on you" to whoever I just passed. So - this car would make you a great HPDE starter car, or throw in a cage and go LeMonsing or Chumping. Heck, the horn works, so take her down to the county fairgrounds and run the hornets. Just don't buy this to drive on the street. Terms - $500 Paypal deposit in 48 hours, balance cash on pickup. Delivery within 500 miles for $1 a mile. |
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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.
VW exec calls US ops a 'disaster'
Thu, 23 Jan 2014Today in the Tell Us How You Really Feel file we have Bernd Osterloh, head of Volkswagen AG's Group Works Councils and member of the company's supervisory board, labeling the company's US operations "a disaster." Why? Because Osterloh believes VW of America doesn't have the models it needs to be competitive here, hasn't been decisive enough about its plans and German higher-ups still don't understand the US market.
In truth, the top labor rep at the German conglomerate is echoing sentiments we've heard from VWoA executives for years, and there's been the same commentary from dealers: Germany doesn't pay enough attention to what the US market really wants. Even ex-VWoA CEO Stefan Jacoby, who preceded the recently departed Jonathan Browning, said early in his tenure that one of his tasks was to get his German bosses to start delivering what the US market demanded. New CEO Michael Horn is saying much the same thing seven years later, telling Sky News that it has to increase "the speed at which we bring new models to the market and innovation to the market."
Osterloh wants to get "more models" here, including a pickup truck, but we'd wonder if the economics have changed from when Jacoby said they'd need to sell 100,000 per year to make money. Osterloh also wants a decision on where the CrossBlue will be built. Although it looked as if the Chatanooga, TN plant would get the call, the Puebla, Mexico plant is still in the running because of lower operating costs. No matter what happens right now, Osterloh thinks the situation won't get better for another two years when revamped models arrive, but at least the company can start taking the steps for a better US future.
GM outsold VW globaly in first quarter, Toyota reports numbers next week
Thu, 18 Apr 2013General Motors released its first quarter sales figures this week, reporting that it sold 2.36 million cars and trucks worldwide. That figure represents an increase of 3.6 percent when compared to the same period last year. GM's growth was attributed to many factors, including global Cadillac sales that were up 26 percent and Chevrolet posting a one percent increase over last year (this marked Chevy's tenth straight year of record global sales).
Volkswagen came in just behind GM, as the German automaker reported global sales from January through March at 2.27 million vehicles, an increase of five percent when compared to last year. While that number was strong, VW is cautioning that markets outside China and the US, such as those in Europe, are becoming a challenge as economies falter.
Yet to report sales is Toyota, current holder of the global world sales crown (the Japanese company sold 9.75 million cars last year, against 9.29 million sold by GM and 9.1 million vehicles sold by VW). Even though GM and Toyota both say they don't care who sells the most units, it is unquestionably a strong bragging point and sales equate to revenue. That said, Toyota will report its first quarter numbers next week.