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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.

GM stops Chevy Volt production to trim inventory

General Motors will idle the Detroit-area assembly plant that builds the Chevrolet Volt for more than a month to curb rising inventories of the plug-in hybrid. On March 1, GM told 1,300 workers at its Detroit-Hamtramck assembly plant in Michigan that it will shut down production for five weeks, starting the week of March 19. GM plans to resume production on April 23, spokesman Chris Lee said.

New Volvo Dealers – in Billericay!

The new Volvo dealership in Billericay But even though we pride ourselves on bringing you the latest car news from every corner of the planet, sometimes we can’t resist being parochial. And as we’re based in Billericay it only seems fair to give a shout-out to a local business if we can. So we are.