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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.

Luxgen Luxgen5 sedan

Luxgen, Taiwan's only automotive manufacturer with its own design and development center, has announced the launch of the Luxgen5 sedan, which the company says has three design aesthetic elements: surfacing performance, re-curved strokes and intelligent airfoil. What this translates to is a silhouette comparable to the Opel Insignia, with an arcing A-pillar that runs through the cant rail onto the high rear deck. The DRG boasts a large grille, where the chromed ‘wing' motif runs into the LED lamp graphics. The sculpted flanks feature an array of character and detail lines that fall into the ‘re-curved strokes' category of the Luxgen design language.

Most hybrid owners don't buy another hybrid, Polk study says

Almost two-thirds of U.S. hybrid buyers returning to the market in 2011 chose something besides another hybrid. Excluding owners of the best-selling Toyota Prius, the repurchase rate among other hybrid buyers dropped to 22 percent, according to a Polk study released today.