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REPORT: Karmann saved by VW's multi-million euro order for electric vehicles

Vollkswagen has struck a deal worth "at least 10 million euros" with Wilhelm Karmann GmbH to keep the insolvent Karmann alive so it can reorganize a new company and "focus on building electric-powered cars," according to an unsourced report in the Neue Osnabruecker Zeitung that can be found on Bloomberg. A report on HLN.be says that the deal is worth 20 million euros for the EVs, which are planned to go on sale in 2011. Earlier this year, Karmann showed off an EV concept called the E3 Limosine, codeveloped with utility company Oldenburg ... Read more →

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