1998 Volkswagen Passat Glx Sedan 4d on 2040-cars
Millbrook, Illinois, United States
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I am the second owner of this vehicle. It has been family owned, it is a good performing car.
If you put a little work into this vehicle it will be a very nice car. Pros: The engine runs strong. The body does not have any rust. It has never been in any type of serious accident. Moon roof works and does not leak. Heated seats work. All the power windows and door locks work. Key fob. Installed a new AM / FM / CD Player radio with 4 new speakers. Still have the original radio (included). The wheels are in good shape with just some slight rust here and there. The frame is solid. Big trunk and seats fold down for added room. Includes full size spare tire and jack. Air Conditioning and Heat work. Floor mats included: Front and rear. Cons: The cruise control does not work. The blinkers / flashers do not work. This might be a recall issue. The transmission, when cold, shifts hard between 1st and 2nd gear. Once warm the transmission works fine. The drivers side floor has some tears and one hole in the carpeting, it does not go through the floor board. Numerous small scratches around the vehicle. The bottom plastic air dam was removed, and a temperature sensor hangs loose underneath the front bumper. You could keep it taped or tucked in as necessary. The driver side interior door handle is cracked and needs a new plastic insert. The front window molding is old and cracked but does not leak. The interior is stained in some areas (see pictures). Thanks for looking at my vehicle. Have a nice day. |
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Auto blog
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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.





















