Nos C2vy-6766-a Ford Oil Filler Cap 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.

Audi A3 Cabriolet 1.2 TFSI hits UK

The Audi A3 1.2 TFSI Cabriolet arrives in the UK The Frankfurt Motor Show last year was – as is often the case these days – something of a ‘Green-fest’. We had BMW’s Vision Concept and the first outing for an Audi e-tron (is that really only six months ago?), but we also had the introduction of the smallest engine Audi have ever stuck in a car – the 1.2 TFSI. It may be the smallest engine, but it’s not the least powerful thanks to the turbo.

Ferrari 599 successor teased in Internet video

Ferrari is following the new SRT Viper playbook by leaking out bits and pieces of its 599 successor on various Internet pages. The darkened photo shown comes from Ferrari.com, while the video was released at the company's media site. Not much information has been shared about the car.