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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.

Lotus appoints Mansory as official car customiser

Lotus appoints Mansory to customise their cars Lotus has teamed up with car customiser Mansory to create custom versions of its Exige, Elise and Evora. Car makers in the upper echelons have customers who want to make their car more individual than a regular options list can manage. So they either have their own in-house bespoke service – like Ferrari’s Tailor Made – or they appoint an official customiser.

Volt, Leaf win top safety rating in crash test

The 2011 Chevrolet Volt and Nissan Leaf electric cars won the highest safety ratings in crash tests performed by the Insurance Institute for Highway Safety, putting them in the top 57 percent of models tested so far this year. About 80 of 140 vehicles tested among 2011-2012 models have received the Institute's "top safety pick," the group's award for state-of-the-art crash protection that exceeds federal safety rules, Institute spokesman Russ Rader said. The Volt and Leaf received a "good" rating -- the highest of four rankings -- on each of four crash tests, said the Institute, which is funded by auto insurers including State Farm, All-State and Geico.