1964 Porshe 356c Red On Black on 2040-cars
La Crosse, Wisconsin, United States
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1964 Porshe 356C coupe Red on Black. This has been a cosmetic restoration that was completed a year ago. The color of this vehicle is signal red with black interior. Vehicle has a certificate of authenticity. Parts for this vehicle came from Stoddard Porshe parts. Seats and carpeting came from world upholstery. Very clean vehicle please contact with more questions.
AutoSport is a licensed Wisconsin dealer and has been in the performance and luxury automobile business for over 20 years. The entire staff at AutoSport are car enthusiasts. If you have any questions about this vehicle feel free to contact Tim or Dennis at (608)784-1551. Business hours: Mon-Fri 10-6 and Sat 10-2 central time. We take trade-ins and will consider all reasonable offers. Shipping is available at additional cost. Search terms- AutoSport La Crosse Terms of Sale Payment: A $1,000 deposit via PayPal or certified funds transfer from a financial institution is due within 48 hours of the end of the auction. The remaining balance must be paid in full before the vehicle leaves our premises. If no contact is made with the buyer within 24 hours of the end of auction we reserve the right to re-list the vehicle or make a second chance offer to another buyer. Payment methods we accept are certified check, funds transfer from a financial institution, and 3rd party financing. Certified checks must clear before vehicle departs our premises. Loans must be pre-approved with the buyer’s financial institution before bidding. All Wisconsin residents are subject to state tax, title, license, and registration fees. Out of state buyers are responsible for taxes and fees in the state which they reside in. Inspection: The vehicle was inspected prior to sale by a qualified mechanic. Buyer is welcome to have the vehicle inspected at their own cost. A complete refund of the deposit will be given if the vehicle is found to be "not as advertised". Shipping and delivery is available. We will be glad to assist with choosing transportation and loading. We reserve the right to end the auction at any time if the vehicle is no longer for sale. Vehicle is for sale at a brick and mortar dealership. Please feel free to contact Dennis or Tim at (608) 784-1551 if you have any questions. All funds will be in US Dollars. Please have your financing in place before bidding. We accept 3rd party financing of your choice. We prefer a funds transfer from a financial institution. All funds must be received and all checks cleared before the vehicle departs our premises. A $1000 deposit is due within 48 hours of the auction close if you are the winning bidder. |
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Auto blog
Porsche's former CEO Wiedeking to stand trial over VW-share manipulation
Wed, 27 Aug 2014Former Porsche CEO Wendelin Wiedeking (left in the above photo) could potentially be facing some time in the slammer after all. The last we had heard, he and former Chief Financial Officer Holger Haerter (right) had avoided a trial in April due to a lack of evidence. However, an appeals court in Stuttgart has looked at the case again and overruled the earlier decision, finding that the executives should be tried for share manipulation during Porsche's failed attempt to take over Volkswagen in 2008, Bloomberg reports.
The judges in the appeal "list numerous indications that could suggest that there was a hidden decision to increase the stake as they could suggest the opposite evaluation by the lower court," said Stefan Schueler, a spokesperson for the court, in a statement cited by Bloomberg. Wiedeking and Haerter put out their own releases saying that there was no merit to the charges.
The prosecutors allege that Wiedeking and Haerter had a plan to buy up VW stock options in 2008 to take the automotive giant over but hid it from investors. The whole thing was a massive failure and eventually allowed VW the chance to acquire Porsche and forced the two execs to step down. In addition to the criminal investigation, hedge funds have attempted to sue the company multiple times in civil court for the same reason, but they have repeatedly failed.
German judge 'inclined to dismiss' hedge fund lawsuit against Porsche
Fri, Feb 27 2015Last year, around two dozen investors, including hedge funds, leveled a 1.4 billion euro ($1.95 billion at the time) lawsuit against Porsche in connection with the automaker's attempted takeover of Volkswagen in 2008. The Stuttgart Regional Court dismissed the case. Around 19 of those plaintiffs are heading back to court to appeal the ruling and still hope to get 1.2 billion euros ($1.4 billion). However, according to one German judge, the chances for success aren't any better this time around. "On balance it's our view that we consider the lawsuit, or the appeal, to be unpromising for several reasons," Gerhard Ruf, a judge in Stuttgart, said to Reuters. "We are inclined to dismiss the case." The court's ruling on the appeal will be announced on March 26. The investors' case hinges on Porsche's strategy surrounding the botched takeover. The sports car maker said that it wasn't trying to control VW, when in fact it was. These hedge funds had bet against Volkswagen stock, but the share price surged when Porsche's plan inevitably came to light. Investors have sued the sports car company multiple times since then in attempts to recoup billions of dollars. However, none of the lawsuits have been successful, whether attempted in the US or Germany. Former Porsche CEO Wendelin Wiedeking and and CFO Holger Haerter might still stand trial for the alleged stock manipulation, though. News Source: ReutersImage Credit: Matthias Rietschel / AP Photo Government/Legal Porsche Volkswagen lawsuit hedge funds porsche lawsuit
Race Recap: 2014 24 Hours of Le Mans defines 'endurance'
Mon, 16 Jun 2014Commenting on the rush of events that rocked beginning and end of the 24 Hours of Le Mans, Paul Truswell of Radio Le Mans said "the race is about the ability to endure, not just the ability of drivers to do what they do for a long time." The entire race machine, all the way down to the pit boards and radios, has to survive the stress and abuse of the entire day. This was the race to prove those words.
There were two Toyotas, two Porsches and three Audis, five of the seven led the race at some point, six of the seven ran in the top three. Toyota will be hugely disappointed that it didn't win when its car and drivers were so, so strong, but they gave Audi the kind of scare we haven't seen since the best of Peugeot's days, and Toyota did a better job of it even in the loss. Porsche blew away everyone's expectations, falling 3.5 hours short of a fairy tale ending that would have made Disney cry.
But Le Mans doesn't really do fairy tales. Well, not that fairy tale. Audi's Twitter handle during the event was #welcomechallenges. As usual, Le Mans answered for the entire field.