"Together with the court-appointed insolvency administrator, the goal will be to lead the newly structured Karmann corporate group into a secure future and save as many jobs as possible," Karmann said in a statement.
A spokesman explained that operations would continue just as before since the company had virtually no bank debt, rather Karmann was forced to file for insolvency under German law since it could not pay for the massive layoff plan.
https://www.guardian.co.uk
Rob Amos
Happiness is a stock VW