2003 Volkswagen Jetta Gl Sedan 4-door 2.0l, Brand New Struts on 2040-cars
Barnegat, New Jersey, United States
Up for sale is my 2003 Volkswagen Jetta Gl 2.0. Car currently has 125,241 miles which will rise slightly as I am still using it. Car is a 5 speed manual(clutch grabs perfect) and is very good on gas getting around 30mpgs. I replaced the front struts last week which improved the ride comport greatly, making you barely notice bumps in the road. Car has minor damage on the rear bumper(cracked paint) which I will include of in the pictures below,small chip in windshield, also is due for new tires. Car has a lot of life left in it and you are more than welcome to have your own mechanic look it over before bidding. Email me with any questions you might have. Thanks and happy bidding. Also Just passed state Inspection, Good for 2 years!
On Apr-27-14 at 16:04:33 PDT, seller added the following information: LOWERED RESERVE!!! BID NOW DON'T MISS OUT |
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Rising aluminum costs cut into Ford's profit
Wed, Jan 24 2018When Ford reports fourth-quarter results on Wednesday afternoon, it is expected to fret that rising metals costs have cut into profits, even as rivals say they have the problem under control. Aluminum prices have risen 20 percent in the last year and nearly 11 percent since Dec. 11. Steel prices have risen just over 9 percent in the last year. Ford uses more aluminum in its vehicles than its rivals. Aluminum is lighter but far more expensive than steel, closing at $2,229 per tonne on Tuesday. U.S. steel futures closed at $677 per ton (0.91 metric tonnes). Republican U.S. President Donald Trump's administration is weighing whether to impose tariffs on imported steel and aluminum, which could push prices even higher. Ford gave a disappointing earnings estimate for 2017 and 2018 last week, saying the higher costs for steel, aluminum and other metals, as well as currency volatility, could cost the company $1.6 billion in 2018. Ford shares took a dive after the announcement. Ford Chief Financial Officer Bob Shanks told analysts at a conference in Detroit last week that while the company benefited from low commodity prices in 2016, rising steel prices were now the main cause of higher costs, followed by aluminum. Shanks said the automaker at times relies on foreign currencies as a "natural hedge" for some commodities but those are now going in the opposite direction, so they are not working. A Ford spokesman added that the automaker also uses a mix of contracts, hedges and indexed buying. Industry analysts point to the spike in aluminum versus steel prices as a plausible reason for Ford's problems, especially since it uses far more of the expensive metal than other major automakers. "When you look at Ford in the context of the other automakers, aluminum drives a lot of their volume and I think that is the cause" of their rising costs, said Jeff Schuster, senior vice president of forecasting at auto consultancy LMC Automotive. Other major automakers say rising commodity costs are not much of a problem. At last week's Detroit auto show, Fiat Chrysler Automobiles NV's Chief Executive Officer Sergio Marchionne reiterated its earnings guidance for 2018 and held forth on a number of topics, but did not mention metals prices. General Motors Co gave a well-received profit outlook last week and did not mention the subject. "We view changes in raw material costs as something that is manageable," a GM spokesman said in an email.
2023 CES Editors' Picks
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Recharge Wrap-up: First VW e-Golf in US up for auction, meet Project Ain't Fuelin'
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