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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.
2015 Audi TT & TTS Coupe OFFICIAL: Geneva Motor Show
Tue, 04 Mar 2014The 2015 Audi TT arrives at the Geneva Motor Show Audi hasn’t quite been to the Porsche school of car design for the 2015 Audi TT, but no one is going to accuse Audi of a radical departure for its third generation sports coupe. But despite familiar looks and profile, there is a lot going on in the new TT. The design is crisper and the front end is bolder with a more prominent grill, the new headlights get new LED graphics, the bonnet is more contoured and the Audi four rings move on to the bonnet – just like the R8.
Porsche considering full factory F1, Le Mans teams
Wed, 06 Oct 2010New Porsche CEO and president Matthias Muller is weighing up a review of Porsche’s motorsport activities – and claimed the sports car brand could re-enter Le Mans with a full factory team, or even F1. Muller was appointed on 1 October 2010 and has lots on his plate: he’s a VW veteran and is charged with integrating Porsche smoothly into the Volkswagen business empire as Wolfsburg ratchets up its ownership of Porsche. That integration includes motorsport, he told CAR at the 2010 Paris motor show.