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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.

Audi Q5

Audi has chosen the Beijing Motor Show to unveil its new mid-sized Q5 SUV. The newcomer's exterior design is a thoroughly orthodox development of current Audi themes: a mix of Avant and Q7 ideas housed in a deeper body section than one is used to seeing. The rear relates most strongly to the Q7, with its full-width powered tailgate design, where the tail lamps open with the tailgate and auxiliary lamps in the bumper house the mandatory lamp functions.

Stratospheric price for Volkswagen's 'future car'

IF YOU want tomorrow's car today, you're going to have to pay for it. Volkswagen has announced that the ultra-futuristic XL1 will sell in the UK for more than £98,000. The first XL1 was delivered to a German customer in May, with UK buyers now lined up to take a share of the 200 that are due to be built.