Beautiful 1987 Porsche 928 S4 Coupe 2-door. Only 82k Miles - No Reserve!! Nr on 2040-cars
Elkhart, Indiana, United States
Relisted, as 'winning' bidder was unable to come up with the funds to complete the transaction (at least he did contact me). PLEASE only bid if you are able and prepared to buy the car. This is a NO RESERVE auction, meaning this fabulous car will go to the winning bidder! You
are viewing a beautiful and original, 1987 Porsche 928 S4. Covering only 82K
miles since new, this car has obviously been loved and cared for by its limited
number of owners. Overall, this is a fantastic example of a rare and original Porsche 928 S4. Good examples of these cars are getting increasingly difficult to find. Tired, neglected and bargain priced 928s (or any classic car, really) will always end up costing more, so it’s best to start with a good example, and improve it as you enjoy it. Any collector car enthusiast already knows what’s happened with Porsche 356 & early 911 cars. Most agree that the 928 is slated to be one of the next models to begin the rapid acceleration in value. Two factors would strongly back this theory up. First, the current early Porsche values have priced the casual or beginning collector car enthusiast out of the market (not everyone has $100K+ for a weekend car). Secondly, the 928 was one of the cars that the kids of the ‘80s dreamt of. These kids are today’s next generation of enthusiasts. The S4 is the epitome of the 928 platform (save for the $75-90K 928 GTS). Own one reasonably now, while you still can. Offered here at NO RESERVE!! Click the following string for a link to a short Youtube walk around: http://youtu.be/EJjR3MjLuSg?list=UU5P4bywOsfucRksv_z8B2lg I encourage all potential buyers to come inspect the car in person prior to buying or bidding. Feel free to call me with any questions or for more information. Car condition is subjective. I have owned over 50 Porsches, and am picky about my cars, but potential owners should decide for themselves if this car is for them. I'm happy to send higher resolution pictures to anyone who would like to forward me their email address. Car is sold AS IS, WHERE IS. I can help with very reasonable shipping arrangements, but transportation is ultimately the responsibility of the buyer. Zero or negative feedback bidders please contact me prior to bidding or your bid may be cancelled. Please only bid or offer if you are serious. Finally, feel free to email or call me at 574-361-5315 with any questions, more details, or if you'd like to make an offer. Good luck! |
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$1.4B hedge fund suit against Porsche dismissed
Wed, 19 Mar 2014Investors have canvassed courts in Europe and the US to repeatedly sue Porsche over its failed attempt to take over Volkswagen in 2008 (see here, and here and here), and they have repeatedly failed to win any cases. You can add another big loss to the tally, with Bloomberg reporting that the Stuttgart Regional Court has dismissed a 1.4-billion euro ($1.95B US) lawsuit, the decision explained by the court's assertion that the investors would have lost on their short bets even if Porsche hadn't misled them.
Examining the hedge funds' motives for stock purchases and the bets that VW share prices would fall, judge Carola Wittig said that the funds didn't base their decisions on the key bits of "misinformation," and instead were participating simply in "highly speculative and naked short selling," only to get caught out.
With other cases still pending, the continued streak of victories bodes well for Porsche's courtroom fortunes, since judges will expect new information to consider overturning precedent. If there is any new info, it could come from the potential criminal cases still outstanding against former CEO Wendelin Wiedeking and CFO Holger Härter, who were both indicted on charges of market manipulation.
Car companies may need to start curbing model proliferation
Mon, 17 Nov 2014Looking at the current automotive landscape, especially from German makers, you quickly get the impression that less definitely isn't more. BMW alone offers its 3 Series platform in practically every segment possible, including the regular sedan and 4 Series Gran Coupe, which would seem to be direct competitors. Porsche might be the winner, though, with 20 different variants of the 911 listed for sale on its US website. However, some of this model madness might be reaching an end as companies begin cutting back spending or shifting money to other priorities.
According to Yahoo Finance, the offerings from the German automakers are up 25 percent over the past three years to over 200 models in Europe. The peak is expected to come around 2018 at 230 separate vehicles, according to consulting company PwC.
Amazingly, BMW, which is among the poster children for this model explosion, might be changing its tune. "I'm sure there will be points in the future where we look at certain cars and say, 'Maybe we need to think differently now,'" said head of sales Ian Robertson in an interview, according to Yahoo Finance. The statement certainly sounds shocking coming from a company rumored to have 23 front-wheel-drive vehicles all using a single platform on the way.
Trump calls Germans 'very bad,' vows to stop their car sales in US
Fri, May 26 2017TAORMINA, Italy -Talks between President Trump and other leaders of the world's rich nations at the G7 summit on Friday were expected to be "robust" and "challenging" after he had lambasted NATO allies and condemned Germans as "very bad" for their trade policies. Trump's confrontational remarks in Brussels, on the eve of the two-day summit in the Mediterranean resort town of Taormina, cast a pall over a meeting at which America's partners had hoped to coax him into softening his stances on trade and climate change. According to German media reports, Trump condemned Germany as "very bad" for its trade policies in a meeting with European Commission President Jean-Claude Juncker, signaling he might take steps to limit sales of German cars in the United States. "The Germans are bad, very bad," he reportedly told Juncker. "Look at the millions of cars that they're selling in the USA. Horrible. We're gonna stop that." White House economic adviser Gary Cohn on Friday confirmed the reports. "He said they're very bad on trade, but he doesn't have a problem with Germany." Cohn said Trump had pointed out during the meeting that his father had German roots in order to underscore the message that he had nothing against the German people. Trump's spokesman Sean Spicer said Trump had "tremendous respect" for Germany and had only complained about unfair trade practices in the meeting. Juncker called the reports in Spiegel Online and Sueddeutsche Zeitung exaggerated. The reports translated "bad" with the German word "boese," which can also mean "evil," leading to confusion when English-language media translated the German reports back into English. "The record has to be set straight," Juncker said, noting that the translation issue had exaggerated the seriousness of what Trump had said. "It's not true that the president took an aggressive approach when it came to the German trade surplus." "He said, like others have, that (the United States) has a problem with the German surplus. So he was not aggressive at all," Juncker added. In January, Trump threatened to slap a 35 percent tax on German auto imports. "If you want to build cars in the world, then I wish you all the best. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax," he said. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that." Last year, the U.S.