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1965 Chrysler Newport Town Sedan on 2040-cars
Year:1965
Mileage:72000
Color:
Location:
Downers Grove, Illinois, United States
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Up for auction is a very clean and original 1965 Chrysler Newport "Six Window" Town Sedan. No Reserve! Only 12,000 of these were originally produced. It was called the six window Town Sedan because it has a window behind the C-pillar, making a total of 6 side windows. This car is equipped with it's original 383-2BBL V8, and original 727 Torque-Flite automatic transmission. The car has an original 72,000 miles. I have owned this car since 2004 and in that time I have maintained it's current very clean cosmetic condition. The paint was professionally repainted the exact factory "French Ivory" color by the previous owner a few years before I bought the car. Upon close inspection, one would think it was original paint because all of the chrome trim and moldings were removed prior to paint, so no over-spray around edges etc giving the car a very neat and clean appearance. The paint is smooth and clean, but some light chips and nicks from driving it over the years. It is a rust free, very straight body and was never in an accident nor does it appear that body work was done to the car. The underside of the car is also very clean, the trunk is also rock solid. It's an original Midwest car, a true survivor. It's originally from Rensselaer, Indiana where it spent most of it's life. All Chrome trim is bright and clean with no pitting, glass is clean and no cracks. The car also has it's original wheels with correct original wheel covers. The tires are older, but in very good condition with no dry rotting.
To make the car completely road worthy, I did a total overhaul on the brakes back in 2005 with brand new stainless brake lines from Inline Tube. The lines were bent to the original factory specs, so they fit in all of the clips and routed exactly like the original lines. All new wheel cylinders and brake hoses, master cylinder and shoes as well. This car is equipped with 4 wheel drum brakes and it stops perfectly straight. I also had the fuel tank reconditioned at the same time and also installed all new stainless steel fuel lines, also from inline tube. The mechanical condition of the engine is excellent. It is essentially an undisturbed engine compartment. About the only thing that was done to the engine was repainted valve covers to the original mopar teal blue engine color. It even features it's original factory date coded spark plug wires and radiator hoses which are still soft and pliable, still held in place by the original corbin clamps! The distributor cap is even original, also in very good condition. Points and condenser have been replaced as necessary, including new spark plugs shortly after I bought the car. The originality of this car reflects that it has been well cared for, not neglected. With this kind of originality, it makes the car a great reference vehicle which I've tried to maintain as much as possible. In the 10 years I've owned it as a summer cruiser, it has always been reliable and starts well. The engine runs clean and does not use oil. The carb is working properly, including the choke, so it starts well when it's cold and runs in high idle like it should. The battery is about 2 years old. The car also features newer shocks all the way around. This car is an outstanding highway vehicle. Extremely comfortable, power steering is great and with all of the large windows around you, it makes for excellent visibility. The car accelerates and drives like a new car. The seats are very comfortable and are not sprung, giving very good and comfortable support. Looking at the interior, it too is all original. A very plain car as far as option go. The only power options it has would be power steering. In fact, it's even factory radio delete, very unusual for a Chrysler! The car was never smoked in, the ash trays are still like new and no burn marks on coil of the original cigarette lighter. The only flaws with the interior is a split in the fabric near the edge of the vinyl on the driver side as seen in the photos. It's important to note that the car has been like this for the 10 years I've owned it, and interestingly, it has not gotten worse as you'd expect. It's a very durable fabric. An additional flaw to be pointed out is that the wind lacing around the drivers door is also frayed in one spot, but all of these materials can still be ordered fortunately. Otherwise, it's a very clean interior. The headliner is perfect. The instrument panel dash pad is clean and free of cracks. Everything inside the car works excellent as it should. All window mechanisms are working smooth, all doors open and close solidly and locks work. The heater/defroster works. Horn works. The directional signal works like it should as do all interior and exterior lights. The fuel gauge is also working and accurate. The variable speed windshield wiper and pump are also working as they should. The speedometer is also accurate and works with no noise or fluttering. I have kept full documentation of the maintenance I've done on this car over the years and also have some of the original documentation and manuals that came with the car, but do not have any original sales papers when it was bought new. It was built at the Chrysler assembly plant in Newark, Delaware. The 1965 Chryslers are such well built machines and I'm sure the new owner will be pleased with it as I have for the last 10 years. There are no surprises or hidden issues with this excellent car. It has never seen hack work, all electrical is excellent factory original and untouched. The car shows excellent and again, is a pleasure to drive. It's turn key and ready to go anywhere. The car is located in Downers Grove, IL, about 20 miles west of Chicago. Please message with any questions. Thank you |
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Treasury says auto bailout tally drops to $20.3 billion
Tue, 12 Feb 2013In December, the US Treasury announced that it was going to sell all of its shares in General Motors within 12 to 15 months. The first tranche of the 500-million total shares was purchased by GM, which took 200 million of them at $27.50 per share. That price represents an eight-percent premium over the market price at the time. The remaining 300 million shares will be sold "through various means in an orderly fashion."
Of the $418 billion disbursed through the Troubled Asset Relief Program (TARP), a report in Automotive News indicates that "about 93 percent" has been paid back, and the latest figures put Treasury's loss from the program overall at $55.58 billion. That's a $4.1 billion improvement on the last figure, when the expected red ink added up to $59.68 billion. The auto industry's portion of that loss is estimated to be $20.3 billion, a 16-percent drop from the earlier estimate of $24.3 billion.
The Treasury now owns 19 percent of GM, but if all goes well, there will be no more cause for anyone to utter "Government Motors" by the end of Q1 next year. A loss of some kind is still expected, however. Although GM's stock price is close to $29 at the time of this writing, that's still $4 below its IPO price and well below the $72 share price necessary for the government to come out even on its GM investment. On second thought, maybe the ribbing will continue.
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