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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.

Fiat Bravo Xtreme at Sao Paulo Motor Show

Fiat has shown an extreme version of the Bravo – the Fiat Bravo Xtreme – at the Sao Paulo Motor Show in Brazil. With the exception of the 500, Fiat’s cars in Europe are not exactly on a roll. Nothing new is really happening on the new model front with Sergio Marchionne hunkered down to try and weather the sales slump, but things are a bit brighter for Fiat in South America.

The Little Car Show in Monterey, California

They say that big is beautiful, and in the US it’s true that XXL tends to win every time. But in the run up to the Pebble Beach Concours there’s an event which is under the radar for many Monterey showgoers – the little car show. Held in the backstreets of Pacific Grove on the Monterey Peninsula and free to enter, The Little Car Show sees around 100 cars gathered to celebrate being small.