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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.

Porsche Cayenne S hybrid: More techs and specs released

Porsche is serving up a few more details on the Cayenne S hybrid, which is expected to arrive in 2010. It should be green--and mean to the tune of 385 hp and 545 lb-ft of torque. And carbon-dioxide emissions are expected to be reduced by 20 percent over a comparable combustion engine.

Nissan tests DeltaWing in a wind tunnel before Le Mans

Nissan sent out a video on Thursday, calling it part one in a series on the development on the DeltaWing. The videos will tell the behind-the-scenes story of the car’s journey to the 24 Hours of Le Mans. Similar to the Juke-R series, which stretched to nearly 10 videos, this series will show the process of making the DeltaWing race ready.