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First Fiat 500s will have stick shifts

The 2012 Fiat 500 , heading to U.S. dealerships later than first expected, is enduring another hiccup: The first units arriving in dealerships in late February will have manual transmissions, the company said. Moreover, only about 20 percent of the 130 Fiat dealerships will be open when those first cars arrive, said Laura Soave, head of the Fiat brand in North America, at the Detroit auto show last week.

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.

BMW 328 Hommage Villa d’Este debut

BMW 328 Hommage - pays tribute to the 1936 328 The BMW 328 of 1936 is an legendary car in the annuls of BMW history. It set the highest average speed at the Mille Miglia circuit in 1940 at 103mph, and still holds the record today. It was one of the first BMWs to showcase the now familiar kidney grills, and it was made to be light and nimble with the use of aluminium and magnesium.