German vehicle manufacturer Karmann shut its doors for the last time late last month as the company headed into bankruptcy (read news item) but their may be hope yet according to new reports. Karmann has reportedly worked out a $14 million deal with Volkswagen to assist in the development and supply of the automaker’s future electric vehicles.
The information was first reported by a German newspaper, which claimed that Karmann will use the funds from the deal to form a restructured company with 1,600 employees.
Neither Karmann nor VW has commented on the reports yet but given Karmann’s and VW’s recent interest in electric vehicles, there’s a strong chance the two companies will join forces.
Before becoming insolvent, Karmann showed off an electric vehicle concept called the E3, and before that it had a contract to manufacture the DuraCar electric van for a company in Europe.
