1956 International S Series S120 Chrome Badge on 2040-parts.com

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.

Bugatti Veyron is top seller at Barrett-Jackson auction in Las Vegas

Barrett-Jackson Auction Co. CEO Craig Jackson has the distinction of being the highest bidder at his firm's recent sale in Las Vegas--paying $770,000, including the buyer's premium, for a 2008 Bugatti Veyron when the original winning bidder refused to pay. Overall, the three-day auction, held Sept.

Fiat aims to keep green lead with fuel-sipping two-cylinder engine

Fiat S.p.A. aims to keep its environmental lead in Europe by selling what it claims to be the world's most fuel-efficient gasoline engine. When the engine goes on sale in the Fiat 500 minicar in September, the 875cc unit will be the only two-cylinder engine fitted in a car in Europe.