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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.

Los Angeles Motor Show: Porsche reveals new Panamera flagship

THE SCINTILLATING Panamera Turbo S has been launched at twin events at the Tokyo and Los Angeles motor shows. The new flagship at the top of the firm’s grand tourer line-up packs a 562bhp punch from a twin-turbocharged V8 engine mounted at the front, with drive transmitted to all four wheels via a sophisticated drive system that can shift torque to whichever wheels can best use it. Displaying true supercar pace, the Turbo S can catapult to 62mph in just 3.8 seconds on the way to a top speed of 192mph.

New Mercedes C-Class AMG Line revealed

New Mercedes C-Class AMG Line revealed The 2014 Mercedes C-Class was revealed just last week – and is heading to the Detroit Auto Show next month for its public debut – and it will be joined by this, the 2014 Mercedes C-Class AMG Line. Mercedes AMG Line models are the easy way to make your new diesel-engined C-Class look much more like the C 63 AMG than its prosaic engine would suggest to the casual observer and will be a popular option for those getting a bog-standard C-Class – with its low BIK rates – on the company. The photos of the new C-Class AMG Line come from Mercedes-Benz Passion Blog and show that the AMG Line C-Class gets exactly what you’d expect with a butch front bumper, side skirts, rear diffuser, sports suspension, 18″ AMG alloys, AMG grill and chrome trim.