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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.
New Subaru Legacy revealed – but it’s not coming to the UK
Fri, 07 Feb 2014The new Subaru Legacy (pictured) has been revealed in Chicago The new Subaru Legacy was teased last week ahead of its reveal at the Chicago Auto Show, and now it’s been revealed it’s a bit…disappointing. It’s disappointing because it has really lost the flair and swoopy style of the new Legacy Concept we saw at the L.A. Auto Show in November, replacing it with a slightly rakish traditional saloon.
2012 Buick Regal GS rated at 270 hp
Wed, 15 Jun 2011This is a heady title: highest specific output of a General Motors production engine. Ever. Better than any Corvette, Cadillac or Camaro or anything else GM has produced in the last century.
