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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 i3 EV will cost from £30,680 – less than we expected

The new BMW i3 EV (teased above) will costs from £30k The new BMW i3 electric City Car is due to be revealed in production guise on 29th July, ahead of which BMW has revealed it will cost from £30,680 – meaning a showroom sticker price of £25,680 after the EV taxpayer ‘grant’. That price is for the pure EV i3 – not the range-extender – which comes with a rear mounted 168bhp electric motor, a top speed of 93mph and a range (in ideal conditions) of around 80 miles between charges. At a retail price of £25k, the i3 compares favourably with other EVs like the Nissan LEAF, which costs from £21k, and the Chevy Volt at £30k (although that is a range extender).

Top Gear Tonight: Porsche 918 Spyder, Golf GTI, BMW M135i, Cycling & Aaron Paul is SIARPC

Aaron Paul (pictured with The Stig) is tonight’s Top Gear Star ina Reasonably Priced Car We’re now close to the end of the run of normal episodes of Top Gear for series 21 with episode 5 tonight, with just a single episode to go plus the ‘Christmas Special’ before the series is over. But tonight we’ll get the second of the new crop of ultimate supercars being tested with Richard Hammond off to the Yas Marina circuit to play with the Porsche 918 Spyder. Will the Porsche 918 Spyder be more impressive and, more importantly, quicker than the incredible McLaren P1 as Hammond gets to grips with its 4.6 litre 600bhp V8 and 275bhp electric motors?