The family that owns German auto parts company Karmann is taking into consideration selling it after more than 100 years remaining to financial problems, a press report said Monday.

"The family is considering all its options," a Karmann spokesman was quoted as saying by financial daily Handelsblatt. It added that no judgment was expected this month however.

"We do not know about a sales procedure," the daily quoted supervisory board member Heinz Pfeffer as saying. "But if an investor were to come to ensure the company's future, we would not be against it in principle."

Pfeffer is also a agent of the German trade union IG Metall.

In 2007, Karmann posted sales of 1.5 billion euros and employed 7,000 workers, including 5,000 in Germany.

But it faces falling orders from companies such as Renault, Volkswagen and Mercedes, and announced in October reformation plan that included 1,770 job cuts.

German media reports have said that Karmann is about to go down an important contract that involves the VW Golf convertible model.

Experts expect the German automobile sector in general to lose jobs in the coming years, in particular unskillful posts.