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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.

Volvo makes breakthrough in battery tech

Volvo has developed a new way of ‘storing’ energy for its future electric vehicles. The Swedish firm is exploring the concept of lightweight structural energy storage components made from carbonfibre, containing “nano structured batteries and super capacitors.” This technology is said to offer a lighter, more compact solution to the problem of energy storage, potentially removing the need for the heavy, bulky batteries used in current electric vehicles. On Bing: see pictures of the Volvo S80 Find out how much a used Volvo S80 costs on Auto Trader The investigation into the new technology is part of an EU-funded research project, undertaken by Volvo – the only major car manufacturer involved – and nine other organisations.

Ken Block in Gymkhana 3 – the ‘Meat’ arrives!

Ken Block Gymkhana 3 We don’t need to explain if you love cars. But just in case you’ve been living in a cage for the last few years, Ken Block is the ‘Hooning’ master. Cars come alive in his hands and he can make a car drift and dance in the most balletic way imaginable.