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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.

Barrett-Jackson welcomes Lincoln for the first time

For the first time in the company's 96-year history, Lincoln Motor Co. will participate in the Barrett-Jackson auction at the South Florida Fairgrounds. The entire 2014 Lincoln lineup will be on display at the event, and some will be available for attendees to use in an exclusive driving experience.

Volvo V70 and XC70

By Ben Whitworth Motor Shows 08 March 2007 09:08 Bigger, safer, better. That'll be the new V70 Volvo unveiled two key new models at Geneva – the V70 estate and its faux-by-four sibling, the XC70. Key cars because despite the growing popularity of its smaller saloons and bigger SUVs, the big V70 estate is Volvo’s heartland model.