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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.

Supercar on a ski run: Jon Olsson goes nuts in his Rebellion R2K

Well, here’s something you don’t see every day. Several somethings, in fact. That would appear to be a Le Mans-spec racing car driving up a ski run, being chased by a helicopter.

Chevrolet Silverado 1500/GMC Sierra [w/Gallery]

The all-new Chevrolet Sliverado and GMC Sierra 1500 pickups will be looking to steal sales from the dominant Ford F-Series in the US full-size truck market in the 2014 model year. The Silverado is the flagship of Chevrolet's three-truck portfolio, sitting above the Silverado 3500 and 2500 HD. The GMC Sierra features the same basic package as its bow-tied sibling but with unique features to offer a more premium proposition.