Karmann files for insolvency

Karmann, the century-old German coachbuilder synonymous with cabrios and the famous 1950s Karmann Ghia, has filed for insolvency. The company made the move Wednesday in Germany in response to a dramatic decline in revenue, an inability to pay for its massive layoff plan and the worldwide economic crisis. The North American operations, which make convertible tops for Detroit car companies and Volkswagen, are not affected, a spokesman said.

Ferrari 365 GTB/4 For Sale. Driven by a Prince & a Hamster

The Ferrari 365 GTB/4 We have to confess that the Ferrari 365 GTB/4 – aka the Ferrari Daytona – is one of our favourite Ferraris. The Ferrari Daytona marked the start of the modern age of Ferrari for us; the end of the bulbous cars that went before and ended with the glorious 250 GTO, the Daytona was sleek and modern and as sexy as hell. Even those who don’t know one Ferrari from another would probably know the Daytona from its starring role in many a film – A Star is Born, The Long Goodbye, Gone in 60 Seconds and many more – or from the Miami Vice TV series (although that was a replica).

Over 350,000 drivers 'at risk of £1,000 fine'

THOUSANDS of drivers risk collecting a £1,000 fine or worse by being unaware of the date their MOT expires. Research by MOTA, an independent booking provider of servicing and MOTs suggests that 43% of customers making enquiries already had an expired MOT, and 15% had no idea when their MOT was due. A car without a valid MOT being driven on the road is potentially subject to a £1,000 by the police, and also means that insurers may not pay out in the event of an accident.