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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.

One Lap of the Web: Drifting Isderas, diesel Alfa vans and owning an M5

-- Isdera Imperator 108i. If those words mean anything to you, you've likely already clicked this link. If they don't, watch the video and get educated on an awesome hand-built German exotic from the '80s.

Audi A5 Coupe Sport by Project Kahn

Project Kahn reveals the Audi A5 Sport Coupe Project Kahn take stylish and appealing cars and add some glitz. Not always to our taste, we must confess, but not usually a glitterball explosion in a branch of Halfords either. And it could be argued that some cars could do with a bit of extra visual oomph.