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News watch March 2010: today's auto industry news

Tuesday 30 March 2010• Mercedes has dismissed claims that its Maybach brand is for sale, after reports in the Chinese media claimed Chinese car company BYD was considering a bid for the upmarket offshoot. BYD has also denied the claims (Reuters)• Toyota president Akio Toyoda has promised his company will listen more carefully to customers and react faster in a bid to regain credibility after the Japanese car manufacturer was forced to recall millions of vehilces over safety fears (BBC)• The Obama administration is expected to unveil its finalised fuel economy and tailpipe emissions through to 2016 this week, to coincide with the opening of the 2010 New York auto show (Detroit News)  Monday 29 March 2010• Toyota has agreed to licence the hybrid technology in the Prius to Mazda, which will combine the electric system with its next-gen Sky engines. It’s part of Mazda’s plans to increase the average fuel economy of its vehicles by 30% by 2015 (compared to 2008 levels) and it hopes to have its first hybrid vehicle on sale in Japan by 2013 (Mazda)• Ford and Chinese car company Geely have signed a stock purchase agreement that will allow the latter to acquire 100% of Volvo (along with related assets including intellectual property rights).

BMW i8 EV sold out until 2015

BMW i8 EV sold out until 2015 BMW’s i3 city car EV is now starting to hit the road, and the next instalment for BMW’s EV outing is the i8 Supercar, revealed at the Frankfurt Motor Show in September. Sales for the i3 have started very strongly, and it looks as though the i8 has an even stronger start with BMW confirming the whole of the first year’s run if the i8 are already spoken for. That’s despite the BMW i8 starting at almost £100k in the UK, but the i8 does have a lot going for it.

Jaguar XF 2.2 Diesel: 57mpg on a romp to Munich

Jaguar XF 2.2 Diesel on its way to 57mpg The much denied – but always going to happen – Jaguar XF 2.2 Diesel finally arrived officially at the New York Motor Show in April. And actually, Michael-extracting apart, the arrival of the 2.2 Diesel XF is a sure sign that Jaguar has its swagger back. Because if they were still afraid - as they were for a very long time - that a cheaper, smaller-engined XF would undermine the premium status the XF had earned since its arrival, they’d have continued to make excuses for its absence from the XF range.