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Crunch watch Apr 09: the auto industry in crisis
Thu, 30 Apr 2009By 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.
New Honda CEO to focus on R&D
Mon, 23 Feb 2009Takanobu Ito, newly named as the next president and CEO of Honda Motor Co., will redouble the company's focus on research as it grapples with a global market meltdown. Honda presidents traditionally cut their teeth at the automaker's cherished development subsidiary, Honda R&D Co. Ltd.
Skoda Fabia and Roomster: the 2010 facelifts
Thu, 25 Feb 2010By Tim Pollard First Official Pictures 25 February 2010 23:05 Skoda's big news at the 2010 Geneva motor show is a brace of facelifts: the Fabia and Roomster duo both receive a cosmetic makeover, new engines and a smattering of fresh tech to keep mpg up and emissions down.As these first pictures confirm, this is a modest facelift. The massaged radiator grille and reprofiled, wider headlamps are the most obvious changes, but there's also a looping detail line on the bonnet that swoops down to encircle the badge, reminding us of the hood on the latest BMW 5-series.The changes are also rolled out to the muddy-puddles Scout models. And what's all this about a new Fabia vRS hot hatch?Ah yes.