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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.

BMW 3-series convertible (2006): first official pictures

By Phil McNamara First Official Pictures 24 October 2006 10:03 BMW 3-series convertible: the lowdown Here's the car BMW said it wouldn't develop: a 3-series convertible with a folding hard-top. Although condemned by the R&D team for being too heavy, raising the centre of gravity and sapping dynamic ability, BMW has been forced to listen to the market and introduce a glass and steel-roofed cabrio. With a large boot and easy access for luggage, the 3-series convertible promises to be practical, and the extra glass compared with a fabric cabrio should make it airy too.

Ferrari 458 Italia recall?

Just 1 of at least 10 Ferrari 458 Italia Fires Update 1/9/2010: It took Ferrari a while to catch up with our story – well, a couple of days – but they got there. Ferrari say the fires on the 458 Italia are caused by the glue attaching a heat shield catching fire under high temperatures. Which sounds extremely odd, but that’s the explanation.