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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.

Bentley sales returned to pre-recession levels in 2011

The new Continental GTC helped Bentley sales hit highs in 2011 Bentley has seen sales in 2011 return to the levels of 2007, with sales up by 37 percent over 2010. China is now Bentley’s second biggest market. It doesn’t seem five minutes since Bentley were getting their highly skilled workforce to make furniture to keep them busy, so slow were sales as the recession started to bite.

Many enthusiast rides post strong sales in 2010

The fast and the luxurious models from a wide range of carmakers sold briskly in 2010, offering heart to enthusiasts that their favorite drives have bright outlooks and that the auto business is on the rebound. Let's start with the muscle cars: As predicted in December, Chevrolet's Camaro sales topped the Ford Mustang's numbers for the first time in 25 years. In the Camaro's first full year since production ended after the 2002 model year, Chevy rung up 81,299 Camaro sales, beating Mustang by 7,583 cars.