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EV battery maker A123 files for bankruptcy

Lithium-ion battery maker A123 Systems Inc. filed for Chapter 11 bankruptcy protection on Tuesday in U.S. Bankruptcy Court in Delaware.

Alarming number of drivers lack road sign knowledge

A THIRD OF DRIVERS in the UK do not know even the most basic road signs such as the National Speed Limit and Slippery Road warnings. This is the finding of a survey by More Than, which found that 34% of drivers in the UK did not know what the National Speed Limit sign was. The Slippery Road sign was misunderstood by one in seven drivers as meaning ‘paint on the road.’ With research conducted alongside 29 police forces, the survey found 20% of UK drivers had received penalty points for speeding in the past 10 years.

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.