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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 Murcielago waves good-bye

It was a fitting farewell to one of the most audacious Lamborghinis ever built. A group of the most iconic V12 cars ever to put rubber to asphalt gathered at the factory in Sant'Agata Bolognese, Italy, for a special exhibition before escorting the last Murcielago, an LP 670-4 SuperVeloce, out of the Lamborghini Museum in a symbolic last ride. The 350GT was in attendance at the event, as was the futuristic Miura, a Countach and the fire-breathing Diablo, among others.

MG5 leaks out as MG6 starts production

The MG5 - expect the real-deal to be less flowing. We’re back to the Shanghai Motor Show again, with news of what was once an iconic British Marque continuing its revival under Chinese SAIC. Ahead of an expected reveal of theGolf/Focus-sized MG5 at Shanghai later this month we’ve got sketches of what MG’s hatch will look like.