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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.

Daimler-Renault alliance to delay new Smart and Twingo models, report says

Renault SA and Daimler AG, who are sharing technology to build the new Smart ForTwo and Renault Twingo cars, will delay the introduction of the models by a year, according to a French newspaper. The cars will now come to market in 2014 instead of 2013, La Tribune said, citing industry sources. The next ForTwo and the third-generation Twingo will be built on Renault's A platform, with ForTwo production continuing at Smart's plant in Hambach, France, and Twingo output at Renault's Novo Mesto factory in Slovenia.

McLaren & Lewis Hamilton Merry Christmas Video

A Merry Christmas form McLaren, Vodafone and Lewis Hamilton Much past today – Boxing Day in the UK – and we’ll be hard pushed to run anything that has a real Christmas theme. Mind you, that won’t stop us if the story’s interesting or fun. Yesterday we did the usual roundup of Car Christmas Cards, but we didn’t give you a Christmas video.