The economy has caught up with Karmann, the independent German builder whose name was most famously applied to Volkswagen's '50s roadster, forcing it to file for insolvency. Most recently the company's 3,470 workers were assembling Audi A4 and Mercedes CLK convertibles. Over its 108-year history the brand has done work for a host of marques, building Porsche bodies, the Chrysler Crossfire, the roof system for the Pontiac G6 and Nissan Micra, and the European version of the AMC Javelin. Declining car sales, however, have kept Karmann from being able to fulfill its financial obligations to laid off workers.

[Source: Automotive News, sub req'd. | Photo: ArgentLA]