Find or Sell Used Cars, Trucks, and SUVs in USA

Front Wheel Drive Wagon Moonroof on 2040-cars

US $2,595.00
Year:2002 Mileage:131793 Color: Blue /
 Black
Location:

Smithtown, New York, United States

Smithtown, New York, United States
Advertising:
Transmission:Automatic
Vehicle Title:Clear
For Sale By:Dealer
Engine:1.8L 1781CC l4 GAS DOHC Turbocharged
Body Type:Wagon
Fuel Type:GAS
VIN: WVWVD63B62E395768 Year: 2002
Make: Volkswagen
Warranty: Vehicle does NOT have an existing warranty
Model: Passat
Trim: GLS Wagon 4-Door
Disability Equipped: No
Drive Type: FWD
Doors: 4
Mileage: 131,793
Drive Train: Front Wheel Drive
Sub Model: GLS
Exterior Color: Blue
Number of Cylinders: 4
Interior Color: Black
Condition: Used: A vehicle is considered used if it has been registered and issued a title. Used vehicles have had at least one previous owner. The condition of the exterior, interior and engine can vary depending on the vehicle's history. See the seller's listing for full details and description of any imperfections. ... 

Auto Services in New York

X-Treme Auto Glass ★★★★★

Automobile Parts & Supplies, Glass-Auto, Plate, Window, Etc, Windshield Repair
Address: 2561 Genesee St, Cheektowaga
Phone: (716) 542-1100

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New Car Dealers, Used Car Dealers, Automobile Parts & Supplies
Address: 750 Montauk Hwy, Davis-Park
Phone: (631) 472-9100

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Auto Repair & Service, Brake Repair, Tire Dealers
Address: 33 Kinkel St # 1, Westbury
Phone: (516) 333-6033

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Address: Wainscott
Phone: (631) 706-3720

Tim Voorhees Auto Repair ★★★★★

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Address: 501 Day Hollow Rd, Owego
Phone: (607) 748-5351

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Automobile Body Repairing & Painting, Towing
Address: Mount-Upton
Phone: (607) 847-8574

Auto blog

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

New investor allows Suzuki to fend off VW

Tue, Aug 4 2015

After years of legal wrangling, the long-soured partnership between Volkswagen and Suzuki looks finally to be coming out of arbitration, according to Bloomberg. As a sign of the Japanese brand's improved fortunes, hedge fund Third Point LLC recently bought an undisclosed stake in the company. The investor reported seeing a major opportunity in the successful Maruti Suzuki business in India. As an investment, the only major problem that Third Point found with Suzuki was its legal battle with VW. "The company's greatest asset is its low-cost manufacturing process for vehicles for the emerging market consumer," the fund said in a letter, according to Bloomberg. Third Point reportedly also wants a seat on Suzuki's board, despite being a minority shareholder. The alliance between Suzuki and VW goes back to late 2009. In the deal, the Japanese brand was meant to get access to cutting-edge tech, and the German firm got a helping hand towards better establishing itself in India and Southeast Asia. Things didn't go as planned, though. Less than two years later, Suzuki's boss publicly derided the deal. Eventually, the allegations started going back and forth, and the two have been working out a way to untangle practically ever since. Among the biggest issue has been how to get back the 19.9 percent stake that VW purchased. According to Bloomberg, the arbitration is now technically over. With the divorce nearly final, the two sides are just waiting on a decision on how to split things up. Suzuki may even just buy VW's stake to get the shares back.

Porsche again staring down another $1.8B in hedge fund lawsuits

Wed, 15 May 2013

The sequence of events from 2007 that began with Porsche's secret attempt to take over Volkswagen, and instead lead to Porsche being taken over by VW, continues to instigate lawsuits against the Stuttgart sports car manufacturer. A group of hedge funds that suffered over $1 billion in losses sued the car company in New York. Porsche had publicly stated it wasn't trying to buy VW, the hedge funds in question were shorting VW stock, and when Porsche's actual intentions were revealed, the stock shot up and the hedge funds took a beating.
The case was thrown out over the issue of jurisdiction, then appealed, only to see another suit filed on top of that. After that, most of the hedge funds withdrew their claims in New York and Porsche offered a 90-day window to refile in Germany where it is already fighting a number of other suits over the same issue. The hedge funds accepted the offer, refiling in Stuttgart for $1.8 billion in damages. According to Bloomberg, Porsche hasn't commented on the refiling, but as the same plaintiffs are involved, it's safe to assume that the carmaker still feels the case is "unsubstantiated and without merit." It has fared alright so far even in German courts, with two lesser cases against it thrown out last year.