1979 Porsche 928 Base Coupe 2-door 4.5l on 2040-cars
Hampton, Virginia, United States
Body Type:Coupe
Engine:4.5L 4474CC V8 GAS SOHC Naturally Aspirated
Vehicle Title:Clear
Fuel Type:GAS
For Sale By:Private Seller
Number of Cylinders: 8
Make: Porsche
Model: 928
Trim: Base Coupe 2-Door
Warranty: Vehicle does NOT have an existing warranty
Drive Type: RWD
Options: Leather Seats, CD Player
Mileage: 98,000
Power Options: Air Conditioning, Cruise Control, Power Locks, Power Windows, Power Seats
Exterior Color: Black
Interior Color: Black
1979 928. I've owned this car for 7 years and bought another one. Sadly, this one must go. It has a V8 engine, 5 speed, new front tires, fresh oil change, new window switches, 5 speed manual transmission, total exhaust replaced, alternator replaced (local Porsche repair shop), new battery, fair paint job, 18" BBS wheels, interior fair (some dash cracking), new steering bushings, headlights replaced, newer radio, engine is strong.
The bad- AC compressor works but no cold air. May only need Freon,
- At some point will need drivers side wheel bearing
- Passed safety inspection but reverse lights inop. Took bulbs out. All other lights work.
- Has alarm but remotes need replacing.
- Small oil leak from engine but nothing major
- Paint job fair and a little rust around rear hatch
- I've put around less than 10000 miles on this car but have not changed timing belt
Please email for more information.
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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.
RM Sotheby's Turbollection features exotics from the '80s and '90s
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Porsche will be replacing the lock bracket for the front cargo area (the frunk) after internal testing revealed that, while the vehicles meet "strength requirements," specific parts might not meet the company's quality standards throughout the vehicle's life. There have been no reports of accidents or injuries.
Owners of the affected cars will be notified within 60 days and will need to report to a nearby dealer for a free repair, which should take about 30 minutes.