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Volkswagen Iroc concept

The Iroc is a show car preview of a production coupe to be launched next year that will fill a gap in the Volkswagen model line up left by the demise of the Corrado 11 years ago. Volkswagen describe the Iroc as "transferring the globally successful Scirocco idea into the future" - the Scirocco Mk1 by Giugiaro being produced from 1974-1982, the Mk2 from 1982-1992. Like the Scirocco, the Iroc is a front wheel drive coupe with four seats - as opposed to the 2+2 seating arrangement of the only other sports coupe from Volkswagen Group: the Audi TT.

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.

Hyundai releases second-generation Genesis renders

Hyundai's second-generation Genesis has been previewed in new renders ahead of its full reveal in Korea later this year. The Genesis, which will hit the carmaker's stand at the North American International Auto Show (NAIAS) in January, is the first model developed with Hyundai's new ‘Fluidic Sculpture 2.0' design language. It features several cues seen on the HCD-14 Genesis concept, unveiled at this year's NAIAS, such as the sharp shoulder line and the single-frame hexagonal grille design. In fact, it's nearly unchanged from the beltline up. At the rear, the sweeping roofline flows to a short trunk lid while the rear lamps wrap around from the tailgate into the rear-quarter panels.