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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.

2012 Volvo S60 & XC60 R-Design get more oomph

Volvo V60 R-Design - finally, more get up and go We’re quite partial to the Volvo S60 (actually, we’re even more partial to the Volvo V60) and we like how Volvo’s R-Design pack makes a real impact without making the car look like a boy racer’s wet dream. What’s also nice – in this age of parsimony – is that even if you opt for a lowly diesel version you can still have a Volvo that looks like it gets there in a hurry, even if it doesn’t. But our preference is always for a bit more power, especially if all the visual cues make you smile in anticipation, so we have been know to bemoan the lack of any sort of power boost – even as an add-on option – on Volvo’s R-Design cars.

Fuji Heavy Industries celebrates 60th birthday

Fuji Heavy Industries, the corporate parent of Subaru, celebrated its 60th birthday a few days ago. The storied multinational company makes everything from wind turbines to airplane parts, and conducts business in more than a hundred countries. Even though the origins of the company date back to 1917, the Fuji Heavy Industries we know today was formed in 1953.