VW To Purchase Karmann
Last we heard about Karmann, the rumor was that Volkswagen was saving them by giving them an electric vehicle contract worth $14 million. The word is now that VW is indeed saving the company, but by purchasing them outright. VW's supervisory board has approved the purchase of the plant, land and equipment belonging to Wilhelm Karmann GmbH in Osnabrueck, Germany. A new model, yet to be announced, is set to be produced at the site starting in 2011.
VW eventually plans to employ over 1,000 people at the site by 2014. The company is in final negotiations with Karmann shareholders regarding the deal. It certainly is a nice turn of events. VW and Karmann have had a long history together, with the most famous vehicle

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