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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.

Lamborghini Reventon Roadster leaks

The first picture of the Lamborghini Reventon Roadster ahead of Frankfurt The Reventon Roadster details are still a bit under wraps, but we’re pretty certain it will be powered by the same lump as the LP650-4 Roadster which is currently making its way down Lamborghini’s production line. That will endow the Reventon Roadster with a 0-60mph time of around 3.4 seconds. There is still an outside chance that the Roadster will get the engine from the LP670-4, but that’s a ‘Wait and See’ scenario until Lamborghini coughs up some proper detail.

Spyker in F1 bid

By Angus Fitton Motor Industry 29 August 2006 11:01 Supercar maker Spyker could be set to join McLaren and Ferrari on the F1 grid in 2007. Talks are underway between Spyker's CEO Victor Muller and the Midland F1 team. The outfit, owned by Russian-born Canadian steel magnate Alex Shnaider, is struggling, having put zero points on the board this season.