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Karmann files for insolvency

Karmann, the century-old German coachbuilder synonymous with cabrios and the famous 1950s Karmann Ghia, has filed for insolvency. The company made the move Wednesday in Germany in response to a dramatic decline in revenue, an inability to pay for its massive layoff plan and the worldwide economic crisis. The North American operations, which make convertible tops for Detroit car companies and Volkswagen, are not affected, a spokesman said.

Audi sells over 1,000,000 cars in 2008

Audi breaks the 1,000,000 car sales barrier in 2008 [ad#ad-1] Audi has really made an impression on the car market in the last decade. From the old Auto Union days (which was created by amalgamating the car makers Horch, Audi, DKW and Wanderer), it is now part of the German luxury car triumvirate – BMW, Mercedes and Audi – and considered to be the equal of the others. No mean feat.

2012 BMW 1-Series leaks ahead of Frankfurt

The 2012 BMW 1 Series - bigger and sharper It’s not as if we haven’t been expecting the 2012 BMW 1-Series to turn up any time soon. We have. But as it’s not due to bow in until the Frankfurt Motor Show in September we didn’t expect much of substance just yet.