Vw gets EU approval to buy Karmann
The European Union approves of Volkswagen AG’s plan to buy various auto businesses that belong to bankrupt German company Wilhelm Karmann GmbH. Under this deal, VW will get control of... Read more
Magna wins the bid to buy the German roof division of Karmann
Magna International Inc. awaits approval from European antitrust authorities after it won the bid to purchase the German roof division of Wilhelm Karmann GmbH. The Canadian auto parts... Read more
Magna is the leading contender to takeover Karmann roof unit
Four bidders have been identified to be competing to acquire insolvent German supplier Karmann's roof business, according to a source familiar with the matter. Leading the pack is... Read more
Vw to establish a new car manufacturing unit at a Karmann factory
Volkswagen AG is set to purchase the Karmann factory in Germany and will set up a new car manufacturing unit there that will begin production in 2011. VW will buy the land, machinery and... Read more
Volkswagen to decide if will buy Karmann within two weeks
The fate of troubled assembly firm Karmann will be known within the next two weeks. Volkswagen AG CEO Martin Winterkorn confirmed that negotiations are still ongoing but he said that he... Read more
Karmann saved from bankruptcy by Volkswagen
Unconfirmed reports say that Karmann has been saved from bankruptcy after striking a 10 million deal with Volkswagen to produce electric vehicles. According to unnamed sources, the... Read more
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