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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.

U.A.S Graz-BMW partnership project

The University of Applied Sciences in Graz, Austria (U.A.S Graz) has collaborated with BMW, Munich on a project to design ‘the new SUV'. "Today's SUVs are very heavy, have an aggressive appearance and use too much fuel", says Prof. Gerhard Heufler, head of Industrial Design department at U.A.S Graz.

More 'Cars' coming from Pixar

Pixar is developing a third feature installment of its "Cars" franchise, according to Disney chairman and CEO Robert A. Iger. Not much is known about "Cars 3," but speculation says it won't be in theaters for another two years or more.