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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.

Toyota recalls Corolla, Lexus IS models

On Wednesday, Toyota said it is recalling 752,000 Corolla and Corolla Matrix vehicles from the 2003 and 2004 model years, and about 270,000 Lexus IS vehicles built between 2006 and 2012. The Corolla and Corolla Matrix may be susceptible to an electrical short that could cause the frontal airbag and front seatbelt pre-tensioners to inadvertently deploy, according to Toyota. The Lexus IS faces a problem with windshield wipers that are not sufficiently secured and may not operate properly when weighted down by heavy snow.

College Exhibition: Strate College Degree Show 2004

Sep 20, 2004 - Graduating Transportation Design students at France's Strate Coll?ge displayed their Diploma projects in the school's annual degree show, held at the central Paris school in June. Go to Photo Gallery 220 photos Strate Coll?ge is one of the leading European schools for transportation design, and has become a major source of recruitment for automotive design studios in France as well as internationally. Graduating diploma student Thibaut Doneux presented 'Skin Deep', an interior concept for Renault.