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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.

Geely deny copying Rolls Royce!

The Geely GE at Shanghai - Geely deny copying the Phantom! Last month, long before the Shanghai Motor Show kicked off, we brought you a story on the Geely GE, a Rolls Royce Phantom rip off (or homage, if you prefer) which certainly made us smile. It was so blatant, but at the same time to crass, we couldn’t help but laugh.

Hyundai will take your car back if you lose your job – but only in the U.S

As car makers get more desperate to make sales, they are coming up with more and more to tempt the wary. Free financing, extended warranties and servicing and, in a couple of extreme examples, 2 for 1 offers. But Hyundai has come up with another offer to tempt the reluctant.