German coachbuilder Karmann could be on the block soon. The company, a longtime supplier to German automakers, has been having trouble getting contracts lately. The family that owns the company is reportedly considering all options, and some talks with potential buyers have already taken place. No decision about whom to sell to has been made yet, but within a month Karmann may decide which suitor's offer to accept. The convertible roof business is going well for Karmann, but deals to assemble vehicles for automakers are way down, threatening the painting and assembly operations. Karmann has already cut 500 jobs from its German workforce of 5,000, and another 1,000 are slated for elimination. Perhaps a buyer will swoop in and snap up Bertone and Karmann? Mr. Tata, you listening?
[Source: Auto News – sub req, Photo: Dr Dub]