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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.
Saab drags in another €41 million – but it’s still not enough
Tue, 28 Jun 2011Saab Trollhattan - sold, but leased back It’s a tough call, knowing how often to report on the financial woes still engulfing Saab. Do we rush to run a story every time we get a bit of information in from Saab, or elsewhere, on the latest developments? Or do we do a weekly roundup?
Isuzu at the London motor show 2008
Thu, 24 Jul 2008By Guy Bird and CAR reader reporter asp Motor Shows 24 July 2008 09:51 Star of Isuzu’s compact island stand was the Rodeo LE Sport gunning for a slice of the lifestyle pick-up market. What’s new on Isuzu’s London motor show stand? Pick-up obsessed Isuzu showed both ends of the truck spectrum in London.