Karmann's famous coupe
Karmann the company behind the legendary Karmann Ghia convertible has confirmed it is filing for bankruptcy.
The company became famous in the sixties for its re-bodied VW Beetles which looked similiar to a Porsche but cost a fraction of the price.
Osnabruck-based Karmann said it was working on a re-structing plan in a bid to save itself.
The company's last big project was building the Audi A4 cabriolet.
As well as its much-admired coupe (manufactured from 1951 until 1976) Karmann also engineered the folding steel hard-top roof first seen on the Mercedes SLK.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here