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Crunch watch Apr 09: the auto industry in crisis
Thu, 30 Apr 2009By 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.
Ford Focus is the best selling car…in the world
Wed, 10 Apr 2013It’s a big feather in Ford’s cap and vindication of their ‘One Ford’ global product strategy, which has finally seen Ford realise that the world wants the cars it makes and designs in Europe. Focus sales rose in the US by 40 per cent in 2012 (a market Ford would have declared completely unsuitable for a relatively compact European hatch a decade ago) and China accounted for a massive one in four of all Focus sold, a rise of 51 per cent, making the Focus the best-selling passenger car in China. Not only did the Focus take the best selling car (actually, best selling nameplate), the Ford Fiesta did well to, coming in sixth on Polk’s list with a not insignificant 723,130 registrations around the world.
Chrysler loses 'Imported from Detroit' lawsuit
Wed, 29 Jun 2011A federal judge today denied a motion by Chrysler Group LLC to bar use of its "Imported from Detroit" commercial tag line by clothier Pure Detroit, which in turn has formally opposed Chrysler's bid to trademark the phrase. U.S. District Judge Arthur Tarnow ruled that Chrysler's request didn't show that it would suffer irreparable harm or that it had a strong likelihood of winning its case.