Car Blog

The global financial crisis has hit the car industry so hard that automakers worldwide have been reportedly filing bankruptcies and closures one after another. At present, those who are lucky enough to dodge bankruptcies are trying to keep afloat with diminishing sales or new ownerships.

Sadly, another car company is raising the white flag. Karmann, who has become famous for the conversion of its Karman Ghia, is finally shutting it doors. Almost a year has passed with back to back bankruptcy scares, closures, and purchase.

Of course, the next possible step is filing for bankruptcy. However, the firm is not yet certain if Karmann would take the alternate route.

While Karmann holds contracts for other companies, the latest model it built was the Mercedes-Benz CLK, which the E-Class Coupe replaced.

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