Falling demand drove the Karmann company, along with other financially connected businesses, to file for protective insolvency on 8 April 2009. Insolvency practitioner Ottmar Hermann followed some of the approach seen with the earlier insolvency of Woolworths' German business, and the Karmann business is emerging with little independence, but supported by significant cash investment from long-standing customer Volkswagen. Resumption of car production with a new version of the Volkswagen Golf cabriolet is scheduled for March 2011.
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| - Falling demand drove the Karmann company, along with other financially connected businesses, to file for protective insolvency on 8 April 2009. Insolvency practitioner Ottmar Hermann followed some of the approach seen with the earlier insolvency of Woolworths' German business, and the Karmann business is emerging with little independence, but supported by significant cash investment from long-standing customer Volkswagen. Resumption of car production with a new version of the Volkswagen Golf cabriolet is scheduled for March 2011.
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Products
| - convertible automobiles;
- convertible roof components
- niche vehicles;
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dbkwik:tractors/pr...iPageUsesTemplate
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Area served
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intl
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Divisions
| - Automotive Global Service GmbH, Osnabrueck;
- Karmann Engineering-Services GmbH, Bissendorf;
- Karmann Rheine – Verwaltungs GmbH, Rheine
- Karmann-Ghia Żary – Roof Systems, Żary, Poland
- Karmann-Rheine GmbH & Co. KG, Rheine;
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Key people
| - (Chairman of the Supervisory Board)
- Jobst Wellensiek
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Services
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abstract
| - Falling demand drove the Karmann company, along with other financially connected businesses, to file for protective insolvency on 8 April 2009. Insolvency practitioner Ottmar Hermann followed some of the approach seen with the earlier insolvency of Woolworths' German business, and the Karmann business is emerging with little independence, but supported by significant cash investment from long-standing customer Volkswagen. Resumption of car production with a new version of the Volkswagen Golf cabriolet is scheduled for March 2011.
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