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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.

Honda Vezel crossover arrives at the Tokyo motor show

For the record, Vezel rhymes with "bezel," and it's the name of Honda's long suspected Fit-based crossover. Honda showed off the new Vezel hybrid model at the Tokyo motor show, though the production model set to launch in Japan in December will also be available with a straight-gasoline 1.5-liter direct-injected engine also. Other details are still slim, but the company did claim a "Sport Hybrid i-DCD" powertrain will get a stronger engine and most likely a dual-clutch transmission with integrated electric motor.

Stylish Mini Roadster Concept Wows The Crowds At Annual Design-Fest

MINI, the car maker more famous for its compact hatchbacks and growing range of family-orientated models, has surprised audiences at the traditional Concorso d’Eleganza Villa d’Este design gathering with a new roadster concept. Called the Mini Superleggera Vision, its name is a nod to Touring Superleggera, the tradition-steeped design and coachbuilding house based in Milan. Although a one-off, the car not only demonstrates the good work of one of Italy’s most renowned coachbuilders but, according to industry observers, could also hint at a possible future new model in the Mini line-up.