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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.

Nissan Hi-Cross concept previewed [w/video]

Nissan has presented a first look of its Nissan Hi-Cross Concept that will be shown at the Geneva motor show. The manufacturer has released a first image as well as a video of the new crossover concept, which is set to sit above the hugely successful Qashqai in Nissan's crossover range. This model – joining the Juke, Qashqai and Murano – continues Nissan's commitment to the segment.

Opel offers glimpse at futuristic Monza concept car

Opel is about to show us a glimpse of its future with the Monza concept car, which will be revealed at the Frankfurt Motor Show later this fall. The Monza, a nameplate we haven't seen for a while, will preview Opels of the near future, showcasing technology and design rather than being a production-ready car. But some of the styling will surely trickle down to the company's road cars.