Volkswagen is exploring the option of buying into bankrupt Karmann, according to a report in the Financial Times Deutschland.
Go deeper with GlobalData
Such a deal would be of interest for Christian Wulf, premier of the state of Lower Saxony, which is home to Karmann and a major shareholder in VW, the FT said.
The crisis-hit firm saw a light in the tunnel in July when it became known that VW plans to give Karmann an order. The firm is on the lookout for buyers for its convertible unit. A number of investors are said to have shown interest, FTD reported.
In June the contract convertible assembly specialist built its last car – a CLK convertible for Mercedes-Benz.
Karmann, founded in 1901, has built more than 3.3m convertibles since 1949, including the famous Volkswagen Karmann Ghias and Beetles, Ford Escorts, Mercedes CLKs and Audi cabriolets.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe recent collapse of global auto markets sealed the company’s fate and it filed for insolvency on 8 April this year, saying it would focus on automotive parts production – such as sunroofs.
