[TR] Karmann declares bankruptcy
Randall
tr3driver at ca.rr.com
Wed Apr 8 15:54:58 MDT 2009
> Sad news, the industry is getting smaller indeed. I snooped around
> the Karmann site, it's in German so I didn't see much except for this
> very cool photo of a TR6.
This link gives a (rather poor) English translation of the announcement:
http://tinyurl.com/c3tw9k
As I read it, looks like basically a Chapter-11 style bankruptcy, with the
company seeking court protection from creditors but planning to continue
operating and presumably making efforts to pay off their debts.
-- Randall
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