Toyota Oem 167110p020 Cooling Fan-shroud 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.

New Saab 9-3 Concept at Geneva

Saab Concept Tease Geneva 2011 It’s been a tumultuous time for Saab, attempting to rise from the ashes of GM’s departure. And, despite initial promise when Victor Muller rode in on his white Spyker, things have not really progressed as Saab would have liked. Sales through 2010 were below expectation and there were some teething problems with the new 9-5.

Jaguar Land Rover sales drive Tata Motors’ profit

JLR strong sales drive Tata Motors profits Jaguar Land Rover sales rose 41 per cent in the last quarter to £3.75 billion with profits of £440 million, propping up Tata’s domestic decline. When Tata bought Jaguar Land Rover from Ford back in 2008 for $2.3 billion it offered promise for the future, but most analysts thought Tata had made a big mistake buying JLR for so much, just as the world economy started to slip ion to the near depression we’re still fighting. But the analysts were wrong.