Karmann shuts down

Russ · « **on:** June 22, 2009, 10:43:18 AM »

Sad day for a German automotive icon. Karmann is closing its doors.

http://www.thelocal.de/money/20090622-20123.html

certdubtech · « **Reply #1 on:** June 22, 2009, 11:19:38 AM »

That completely sucks... the latest victim of hard economic times.

:cry:

Anthony · « **Reply #2 on:** June 23, 2009, 07:09:15 AM »

Very sad to hear. Karmann also built the Crossfire, so that makes three Karmann-built cars I've had. The build quality for the Crossfire is impressive and I appreciate the VW connection, even though its mostly Mercedes. I've thought about putting a Karmann badge on the fender like the Cabrios have. Now I may do it in memory.

Russ · « **Reply #3 on:** July 03, 2009, 10:16:46 PM »

Looks like Karmann will live on, thanks to a contract from Volkswagen.

http://www.bloomberg.com/apps/news?pid=20601100&sid=aISfxjjVYOuI

Quote

July 3 (Bloomberg) -- Volkswagen AG awarded a model- development contract of at least 10 million euros ($14 million to Wilhelm Karmann GmbH, Neue Osnabruecker Zeitung reported, without saying where it got the information.

The funds will help the insolvent Osnabrueck, Germany-based car-assembler set up a reorganized company for 1,600 of its workers, the newspaper said. Karmann wants to focus on building electric-powered cars, the newspaper cited Ottmar Hermann, the company's bankruptcy administrator, as saying.

Russ · « **Reply #4 on:** October 26, 2009, 09:05:48 PM »

VW is still in talks about "bailing out" Karmann.

http://www.reuters.com/article/innovationNews/idUSTRE59N0WQ20091024

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Topic: Karmann shuts down (Read 1403 times)

Russ

Karmann shuts down

certdubtech

Karmann shuts down

Anthony

Karmann shuts down

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Karmann shuts down

Russ

Karmann shuts down

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