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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.

Ferrari F12 Berlinetta design story uncovered [w/video]

Ferrari has revealed the secrets behind the design and development of its new F12 Berlinetta in a short video. The renowned Italian supercar manufacturer released the video, which focuses purely on the design process behind the F12 Berlinetta, the successor to the 599 GTO. The video, released as one part of a series, charts the development of the Berlinetta, the fastest that Ferrari has ever created, from the original sketches through the digital and clay modeling phases to finally deliver the finished product. The Ferrari F12 Berlinetta, one of the most hotly-anticipated cars of 2012, was officially unveiled at last week's Geneva motor show to crowds of fellow designers and members of the press as it appeared on both Ferrari and Pininfarina stands.

Jaguar C-X17 concept (2013) Jag 4x4 at Frankfurt motor show

Here it is then: Jaguar’s brave new future, the C-X17 crossover concept car, unveiled of the eve of the 2013 Frankfurt motor show. Officially, it’s nothing more than a Frankfurt-bound design study to show off the talent of Jaguar’s new ‘iQ Al’ modular aluminium platform. But with the luxury crossover market in overdrive and armed with a contender that looks this sharp, you can bet this is far more than a statement of intent...