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Crunch watch Apr 09: the auto industry in crisis
Thu, 30 Apr 2009By 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.
Toyota Auris Hybrid & Yaris Hybrid sales up. Prius sales down.
Thu, 04 Oct 2012Toyota is reporting strong sales for September, with the Auris Hybrid and Yaris Hybrid performing well. But Prius sales are down. Toyota are reporting strong sales for September – with the launch of the new 62 plate – with an 18.6 per cent jump in sales for a market share of 4.41 percent.
Infiniti M Line (2010/2011) – M37 & M30d – at Geneva +video
Mon, 22 Feb 2010Infiniti are debuting the Infiniti M Line at the Geneva Motor Show Back in December Nissan released a heap of detail on their range-topping Infiniti – the Infiniti M Line – aimed at European buyers of the 5 Series and E Class. But sadly for us we’re not going to get the real halo Infiniti M Line – the M56 – instead we have to make do with the 3.7 litre V6 petrol – the M37 – and the 3.0 litre diesel – the M30d. We will be getting the M35 hybrid later, but that doesn’t look as if it’s Geneva bound.