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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.
VW BlueSport roadster is ready to leap from concept to showroom
Fri, 05 Jun 2009The old red Volkswagen Golf GTI screams to a halt. Before we know what's happening, its young driver leaps out and is firing questions in a broad southern German accent. We're pretty sure it went something like this: "How much?
Tokyo Motor Show: Lexus RC Coupe
Wed, 20 Nov 2013JAPANESE car maker Lexus has unveiled a new two-door coupe at the Tokyo show. Designed to appeal to a broader range of customers than the usual Lexus buyer profile, the car has been shown with both petrol and petrol-electric hybrid power. Based on the look of the LF-LC concept first shown at the 2012 Detroit Motor Show, this car boasts a long, low-slung profile but with seats for four.