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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.

BMW 1 Series M Coupe – Official +video

The BMW 1 Series M Coupe - it's official The whole ‘Will it – Won’t it’ debate about a BMW 1 Series ‘M’ version has been rumbling on for decades (not quite, it just feels that way) with many convinced that not only would BMW make an ‘M’ car for their smallest car but would call it the M1. It was laughable (we can say that because, thankfully, we always rubbished the idea) to think BMW would waste an iconic moniker on a baby ‘M’ car. Well’ they’ve made the car but they haven’t wasted the moniker - it’s the BMW 1 Series M Coupe.

Bentley Continental GT Speed hits the Goodwood hillclimb (video)

The public debut of the new Bentley Continental GT speed saw Bentley’s fastest car hit the Goodwood hillclimb. We’ve just had a reveal of the new Bentley Continental GT Speed – the fastest Bentley in production – and as we predicted Bentley have taken the new GT Speed to Goodwood this weekend. And there’s not a lot of point, when your new car is the fastest you make, having a pretty, static display.