2003 Volkswagen Vw Passat W8 - 110k Miles - Looks And Drives Great - Low Reserve on 2040-cars
Dublin, Ohio, United States
Body Type:Sedan
Vehicle Title:Clear
Engine:4.0L 3998CC 244Cu. In. W8 GAS DOHC Naturally Aspirated
Fuel Type:Gasoline
For Sale By:Private Seller
Number of Cylinders: 8
Make: Volkswagen
Model: Passat
Trim: W8 Sedan 4-Door
Options: Sunroof, 4-Wheel Drive, Leather Seats, CD Player
Drive Type: AWD
Mileage: 109,838
Exterior Color: Green
Warranty: Vehicle does NOT have an existing warranty
Interior Color: Black
2003 Volkswagen Passat W8, 110K miles, looks and drives great. Great condition for it's age, only minor scratches. New tires and brakes. Leather interior is in very good condition. Engine is fantastic, strong V8. Local pickup only. $200 deposit required at auction close via paypal. Cash or cashier's check required at pickup when title is transferred. Please email with any questions. Good luck.
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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.
Skoda racing Up! to Worthersee with Citigo Rally concept
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Skoda has its own version of the Up called the Citigo. But what racing fans know the Czech subsidiary for best is its rally program that has become a dominant force in the Intercontinental Rally Challenge and the basis for VW's own foray into the World Rally Championship. Now Skoda is bringing the two together with an exciting concept car previewed by the rendering above and confirmed in the press release below.
Following in the footsteps of the tantalizing Fabia roadster unveiled last year, the Citigo Rally concept is to be the centerpiece of the Skoda display at the Volkswagen Group's annual hot-hatch gathering at Lake Wörthersee in Austria. Details are scarce, but the show car will feature rally-inspired bodywork complete with 18-inch white alloys packed into aggressively flared wheel arches, a substantial rear wing and vents aplenty.
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