2003 Vw Passat Gl 130k Miles Well Maintained Good Mpg Good Driver on 2040-cars
White Plains, New York, United States
Manual transmission 5 speed Passat. We are second owner and purchased it in 2011. All original paint that still looks good, no accident history, car looks nice but has typical minor scratches and dings the worst of which is rear driver's side quarter/bumper cover (see picture) and a small crack in the front bumper cover (picture). Has been stored mostly outdoors. Gets great mileage 25 mpg in town and 33 mpg on highway and drives/handles nice.
Documented maintenance: mileage date service 130,081 7/25/2013 full tuneup, replace ignition coils/plugs, all filters, oil change 124,273 7/2/2012 new axles/CV joints, new headlight bulb, replace purge valve, oil change 117,230 7/15/2011 new drivers door window regulator, oil change 114,895 5/18/2011 new clutch disc, pressure plate, TO bearing. 4 new Continental tires, oil change, new right lower control arm 114,895 5/18/2011 new AC drier, charge A/C, new exhaust downpipe, front pipe and hangars 111,458 11/23/2010 new battery 105,306 6/8/2010 oil change, new brake pads front and rear, rebuild all brake calipers 104,588 5/24/2010 replace cam adjuster 102,494 3/17/2010 oil change, replace #$ ignition coil/plug 89,890 3/11/2009 new belts, new fuel line (recall), new air and pollen filter 78,440 6/2/2008 new front and rear right window regulator 78,440 6/2/2008 80K service - oil, filters, plugs, new timing belt, tensioner and water pump 65,954 5/11/2007 new purge valve 64,000 4/14/2007 new pads, rotors all wheels, outer CV boots, belts, brake light switch, brake fluid 56,438 8/17/2006 oil change, rotate tires, new trunk latch Everything works with exception of rear passenger side window regulator (that window is stuck in up/closed position). AC blows cold, heat works, car drives well brakes/tires are in good condition. Get in and drive. Good reliable and economical transportation. |
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Auto blog
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.
Porsche board members facing another ˆ1.8B lawsuit over VW takeover bid
Mon, 03 Feb 2014Back 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.
Join Autoblog editors for a full video tour of the 2019 Detroit Auto Show
Thu, Jan 17 2019The 2019 North American International Auto Show might have been a little more quiet than past years, but there were still some pretty major reveals, including the Toyota Supra, new Ford Explorer, Shelby GT500, Subaru WRX STI S209 and Kia Telluride. We also saw some lovely concepts like the Nissan IMs and Lexus LC Convertible. Senior Editor Alex Kierstein, Consumer Editor Jeremy Korzeniewski and Senior Green Editor John Beltz Snyder join me, Associate Editor Reese Counts — with Social Media Manager Michael Dylan Ferrara behind the camera — on a long walk through the show. We discuss cars, poke around the stands, dress a bloody wound and answer your questions in the Facebook comments. For more Detroit coverage, you can check out Autoblog's picks for the best in show, listen to our podcast or look at the best images from all the reveals. Finally, don't forget to watch Editor-in-Chief Greg Migliore hand over our 2019 Technology of the Year award. Related Video: Green Detroit Auto Show Acura Cadillac Chevrolet Ford GM Hyundai Infiniti Kia Lexus Nissan RAM Subaru Toyota Volkswagen Truck Convertible Coupe Crossover Hatchback Minivan/Van SUV Videos Sedan facebook 2019 detroit auto show live