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Up for bid is a very nice 1976 VW Westfalia camper bus, in advanced state of restauration. This bus has been in the same hands for 22 years and was re-painted 7 years ago. Most window rubber was replaced at that time. It's a very presentable above average paint-job. The project stalled due to not enough time, too many vehicles. (it belongs to a classic car collector in Riverside. CA) It has been stored inside since he bought it in 1991. Title is clear and non-op so no back fees. Licence plate says "4AIR523" which is cool. The bus starts right up even after sitting for a long time and drives well. It does not overheat or pop out of gear. However, when shifting gears the linkage makes a scraping noise as if it touches something. Blinkers are not hooked up yet. Headlights work fine. As can be seen in the photo's this bus needs finishing. Tires are near new. The only rust I found are the small dime-size spots in the floor boards. And of course a new plate has been installed for the battery tray. Rockers, dog-legs and under carriage are rust free. This is a solid California bus that will bring a lot of money when finished. Install a new canvas top and some new door panels, a closet door which is missing, the wrap-arounds for the seats and a floor-mat for the cabin and you're pretty much there. (this is what I will do if the reserve isn't met) International buyers welcome, shipping to CFR in Paramount (A shipping company) is $300. An estimate on shipping to Europe, which I can arrange at no extra cost, is about $1590. A non- refundable deposit of $250 is required within 7 days of the auction ending. Zero or low feedback bidders please contact me prior to bidding or your bids will be canceled. No warranties sale is final. Please inspect the bus in person when in doubt or ask for more photo's which I can provide (of the under carriage which is rust-free) Happy bidding!

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German judge 'inclined to dismiss' hedge fund lawsuit against Porsche

Fri, Feb 27 2015

Last 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

Rimac is reportedly close to buying Bugatti from the Volkswagen Group

Thu, Sep 17 2020

Croatia-based Rimac is finalizing a deal to purchase Bugatti from the Volkswagen Group, according to an unverified report. If the rumor is accurate, the sale would propel Rimac to the top of the automotive industry, guarantee that Bugatti's future is electric, and mark the beginning of Volkswagen's efforts to divest its empire. Executives in Wolfsburg gave the deal the green light in September 2020, according to anonymous sources who spoke to British magazine Car, but the company's supervisory board hasn't approved it yet. Selling the French company isn't as simple as sending company founder Mate Rimac an email with an account number. Insiders explained Volkswagen would likely trade Bugatti and all of its assets for a significant stake in Rimac that would be transferred directly to Porsche, which already owns 15.5% of the brand. Officials hope to increase that figure to about 49%, meaning Bugatti is theoretically worth about 33.5% of Rimac, which was founded in 2009. Bugatti told Autoblog it can't comment on speculation. Mate Rimac gave us a similar answer. Rumors of a Bugatti sale have hovered around the automotive industry for several years, and they've never materialized. In theory, spinning off the brand would be relatively easy because it's not as deeply integrated into the Volkswagen Group as its sister companies. It doesn't share its W16 engine with another carmaker, for example. And yet, Car speculates Lamborghini, SEAT, ItalDesign, Bentley, and Ducati will also be sold in the coming years, leaving Volkswagen with its namesake division, Skoda, Audi, Porsche, Scania, and MAN. Volkswagen is having an estate sale to fund the development of electric, autonomous, and digital technologies. Its downsizing will send ripples through the auto industry. Porsche could move upmarket if it doesn't have to worry about stepping on Lamborghini's toes, for example. Spinoffs are always risky, so some companies may not survive if they're not bolstered by economies of scale. As of writing, there's no word on who will pick up the brands being divested under this scenario. And, keep in mind none of this is official. Volkswagen hasn't commented on the report. We'll update this developing story as more information becomes available.

Autoblog Podcast #389

Wed, Jul 16 2014

Episode #389 of the Autoblog podcast is here, and this week, Dan Roth, Chris Paukert, and Mark Pereira from Autoblog Canada talk about Johan deNysschen's move to Cadillac, rumors of more BMW nomenclature changes, a second generation for the Subaru BRZ, and cars from 2004 that we miss. We start with what's in the garage and finish up with some of your questions, and for those of you who hung with us live on our UStream channel, thanks for taking the time. Check out the new rundown below with times for topics, and you can follow along down below with our Q&A. Thanks for listening! Autoblog Podcast #389: The video meant to be presented here is no longer available. Sorry for the inconvenience. Topics: Johan de Nysschen moves to Cadillac BMW model designations changing even more Subaru BRZ getting second generation Cars We Miss In the Autoblog Garage: 2014 Ducati 899 Panigale 2015 Hyundai Sonata 2015 Volkswagen GTI 2015 Chevrolet Silverato 2500 Diesel Hosts: Dan Roth, Chris Paukert, Mark Pereira Runtime: 01:59:10 Rundown: Intro and Garage - 00:00 Johan deNysschen - 36:12 BMW Nomenclature - 53:58 BRZ - 56:27 Cars We Miss - 01:05:07 Q&A - 01:30:09 Get the podcast: [UStream] Listen live on Mondays at 10 PM Eastern at UStream [iTunes] Subscribe to the Autoblog Podcast in iTunes [RSS] Add the Autoblog Podcast feed to your RSS aggregator [MP3] Download the MP3 directly Feedback: Email: Podcast at Autoblog dot com Review the show in iTunes Auto News Hirings/Firings/Layoffs Podcasts BMW Cadillac Chevrolet Hyundai Subaru Volkswagen

1976 Volkswagen Vw Westfalia Camper Bus Garaged California Bus, Near Finished. on 2040-cars

Volkswagen Bus/Vanagon for Sale

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German judge 'inclined to dismiss' hedge fund lawsuit against Porsche

Rimac is reportedly close to buying Bugatti from the Volkswagen Group

Autoblog Podcast #389