Fuel Tank Strap Caballero El Camino Platinum# St53 on 2040-parts.com

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.

Lotus Evora won't reach roads in the United States until 2010

The guys in Europe will have first crack at Lotus's first all-new production car in more than a decade. Assembly of the Evora is under way, with deliveries of the 2+2 mid-engine coupe beginning in May. North American will have to sit tight until the Evora lands here early next year.

Lexus launches own Design Award contest

The first Lexus Design Award has been launched that gives the next generation of designers the chance of seeing their work showcased at next year's Milan Design Week. The theme of this global competition is ‘Motion', with Lexus looking for designs that respond to issues 
in daily life that relate to ‘Motion' as well as providing solutions. Two of the ten award winners will then develop prototypes with a renowned designer – either Sam Hecht or Junya Ishigami – acting as their mentor.