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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.

LA Motor Show: Subaru previews fifth-generation Legacy

SUBARU has showcased its new Legacy concept, which strongly hints at the future styling of the brand’s marquee model. At the Los Angeles Auto Show Subaru took the wraps off the preview model ahead of the fifth generation Legacy’s expected launch in 2014, when it will celebrate its 25th anniversary. The company trademarks of a Boxer horizontally-opposed engine and mechanical permanent all-wheel drive will remain, giving the Legacy a degree of sure-footedness that few, if any, rivals can beat.

2014 Chrysler 200 gets a short run

Chrysler Group will cut short the Chrysler 200 sedan's 2014 model year to launch a redesigned version in January. Internal Chrysler documents indicate that the 2014 Chrysler 200 will start production in July at Chrysler's Sterling Heights plant in suburban Detroit and end in the second week of January. Normally, production of the 2014 model would run well into 2014.