Karmann files for bankruptcy

[kamzcab86]

http://www.autoblog.com/2009/04/08/coac ... insolvency

http://www.bloomberg.com/apps/news?pid= ... fer=europe

[bbrown]

That's too bad. From the Bloomberg article:

“Karmann’s business model is dead,” Juergen Pieper, a Frankfurt-based analyst at Bankhaus Metzler, said in a telephone interview. “When you’re a contract manufacturer dependent on one or two large carmakers struggling to fill their own plants, it doesn’t work out."

Wonder if this will raise the value of our Cabbys? I doubt it, but just trying to find some sort of silver lining in the clouds that seem to be growing exponentially.