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Crunch watch Apr 09: the auto industry in crisis
Thu, 30 Apr 2009By 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.
Insurance shake-up
Fri, 02 Mar 2007By Richard Yarrow Motoring Issues 02 March 2007 09:14 4x4 drivers to pay more for insurance The biggest shake-up in Britain’s car insurance for 15 years is to take place – and 4x4 drivers are facing policy price hikes. That’s because for the first time a vehicle’s weight is to be taken into account when its group rating is calculated. The move means heavier cars such as SUVs will suffer.
Changan CV11
Wed, 28 Mar 2007Changan's first MPV rolled off the production line on March 26 in China, following its preview as a concept four years ago at the Shanghai Motor Show. Since then the MPV market in China has boomed, sales in 2006 a third higher than in 2005. The package and styling of the CV11 are both euro-generic, but is interesting to see a different market embrace them so enthusiastically.