Volkswagen aims to take over Germany’s Karmann

The suspense continues to grow as Volkswagen AG has yet to confirm whether it will reach an agreement with Karmann, the coachbuilder and convertible roof-top specialist. According to insiders, Karmann will shut down in early November if it receives no fresh funds.

Karmann, which is known for building the VW Beetle-based coupe dubbed the Karmann Ghia, is owned by three families — Battenfeld, Boll and Karmann.
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