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.

Art Center Summit 2009

The Art Center Summit, now in its third year, has finally seen the rest of the world catch up with its preoccupations. Initially conceived in 2006-07 to bring government, academic, and business leaders to Art Center College of Design in Pasadena, CA, to discuss issues related to mobility and sustainability, the summit has benefited from the financial turmoil that has recently gripped the world. Previously, the event was highly speculative and appealed mainly to designers working in the advanced mobility community; this year, the summit occurred against a backdrop of meltdown in the US auto industry, chaos in the global financial sector, and a growing realization - supported by the incoming Obama administration - that energy and transportation policy will form a key part of a Green future.

Sebring swap: Chrysler will call its 2011 sedan the 200

The Chrysler Sebring will get a fresh start late this year as it relaunches with a new name, the 200, and considerable upgrades to the engines, sheetmetal and interior. The 200 gets a new grille with a prominent Chrysler badge, new fascia front and rear, projector headlamps and fog lamps and LED taillights. The new engines to be offered are Chrysler's Pentastar V6 that will make 283 hp and 260 lb-ft of torque, which is slightly detuned from its uses in the Jeep Grand Cherokee and Dodge Charger, and a 2.4-liter four-cylinder from Fiat's global engine bin.