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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.

AA warns of 'exceptional' bank holiday traffic

THIS YEAR’S Whitsun Bank Holiday is likely to be one of the busiest on the roads in recent years as it coincides with the start of half term for many families, according to the AA and traffic information specialist Trafficmaster. As schools in England and Wales take their half-term break during the last week of May, coinciding with the Late Spring Bank Holiday on Monday, 26th May, traffic is likely to be exceptionally busy on main trunk routes. Although the weather presents a potentially mixed picture for the bank holiday weekend, the AA estimates that up to 17 million cars could be on Britain’s roads.

Production of U.S.-spec Lotus Exige and Elise to end in August

The end is near for production of U.S.-specification versions of the Lotus Elise and Exige sports cars. Lotus said on Thursday that it will pull the models from the United States because the airbags no longer meet safety standards. Rules require cars to have smart airbags, which adjust deployment for the speed of impact.