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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.

June sales get a pick-me-up from pickups

If there's a bright spot in June's tepid light-vehicle sales, it came from an unlikely segment. After slumping for several years as the economy tanked and gas prices spiked, pickup demand is rising faster than the overall sales gains of most automakers--serving as a pillar once again during the industry's fledgling recovery. And most of the buyers returning to showrooms are pickup enthusiasts, automakers say.

2013 Porsche Carrera 4 set for reveal Paris motor show reveal

Porsche has lifted the veil on the fifth-generation 911 Carrera 4 all-wheel-drive sports car ahead of a September premiere at the Paris motor show. It is expected to reach North American showrooms in February as a 2013 model. The 911 Carrera 4 has a widened body with rear side panels extending 0.9 inches beyond the standard rear-wheel-drive 911, which allows for wider rear wheels and tires.