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Crunch watch Apr 09: the auto industry in crisis

By Tim Pollard and Ben Pulman Motor Industry 30 April 2009 17:21 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour  Thursday 30 April 2009• It's official: president Barack Obama confirms this afternoon Chrysler will file for Chapter 11 bankruptcy protection as it strikes a patnership with Fiat (Automotive News, subscription required)• 'Over the past month, seemingly insurmountable obstacles have been overcome,' says Obama. 'Chrysler and Fiat have formed a partnership that has a strong chance of success' • Chrysler is filing for bankruptcy protection under Section 363(b) of Chapter 11 bankruptcy code – expected to last for 30-60 days (Detroit News)• Treasury to pay Chrysler $4.5 billion 'in exit financing'• Chrysler tipped to get new board of directors.

Peugeot Exalt concept to bring shark skin suit to Beijing

Peugeot has 'accidentally' leaked an image of its Exalt concept car ahead of its debut at the Beijing auto show next Sunday. The four-door sedan follows the form language introduced by the 2010 SR1 concept, but is perhaps most closely related to the Onyx of 2012 in terms of execution if not format. As with the Onyx, the Exalt features a series of innovative, natural materials – something PSA design director Jean-Pierre Ploué confirmed to Car Design News would become a Peugeot hallmark – including an exterior surface finish inspired by shark skin.

Porsche Cayenne (2010): the new SUV unveiled

By Tim Pollard and Ben Barry First Official Pictures 25 February 2010 09:00 Want to know why the new, second-generation Porsche Cayenne – unveiled today – is so important to Porsche's business model? Consider this. They've sold more than 170,000 of them, and it routinely makes up a third of Porsche's annual volumes, outselling even the staple 911 breadwinner.