Report: Volkswagen Looking To Acquire Karmann
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Last year a spate of bankruptcy threats and possible acquisitions or closures hit the coachbuilding industry, and then earlier this year Karmann, perhaps most famous for the Karmann Ghia conversion, shut its doors before heading into bankruptcy.
While there was some initial hope from reports claiming Karmann may live on due to a $14 million deal with Volkswagen to help with the development and supply electric vehicles, neither firm confirmed the news.
Today, however, a spokesman for Karmann has revealed that Volkswagen wants to buy the bankrupt independent vehicle manufacturer.
"There have been talks for some time," Roland Leithaeuser told The Associated Press on Sunday, confirming a report by weekly Der Spiegel.
According to the new reports, Volkswagen and Karmann have been negotiating the deal terms for several weeks but are yet to come to an agreement.
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By bepsf Posted: 10/26/2009 10:31am PDT
The Type 14 Karmann Ghia was not a conversion - it was a coachbuilt car built by Karmann based on the Beetle floorpan with a bodyshell derived from Ghia designs.
Karmann also was contracted by VW to build the Beetle Convertible, the Rabbit/Golf Cabriolets, Golf III wagon (Variant), the Type 34 Karmann Ghia, the Audi 80, A4/S4 Cabriolets, the Corrado as well as the 1st and 2nd Gen Sciroccos - plus numerous other complete cars and convertible roof modules for other manufacturers.
http://en.wikipedia.org/wiki/Karmann
By memoire d'ordinateur Posted: 12/14/2009 5:14am PST
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