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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.

GM opens on Ebay

GM launches on Ebay today But GM is back as ‘New GM’, thanks to the US taxpayer. With a clean sheet and a desire to prove it’s fit to be a 21st century car maker, and is looking for new ways to shift its metal. And it’s decided that the world’s biggest boot sale is the way to go.

Citroen C5 Touring and Berlingo Multispace

By Ben Whitworth Motor Shows 04 March 2008 19:31 So what’s new on Citroen’s Geneva Motor Show stand? Citroen has gone in big with its new C5 Touring estate, which arrives in the UK in June, two months after the saloon’s debut. After the hideously ugly current model, the new estate is a seriously good-looking car.