egmCarTech

On Friday, Volkswagen confirmed that it will buy land, machinery and equipment formerly belonging to Karmann at its Osnabrueck, Germany plant. The German automaker said that it will build a new vehicle at the site in 2011 but did not specify what the new car would be.
According to AutoCar, Volkswagen may end up building the [...]

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Coach-builder Karmann has reportedly been saved from filing for bankruptcy by striking a $14 million deal with Volkswagen to produce electric-vehicles. Neither Volkswagen nor Karmann have confirmed the reports circulating the German media.
Sources close to the deal said that Karmann will be reorganized to “focus on building electric-powered cars.” The mass-produced small city electric-vehicles are expected [...]

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