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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).

Jeep Grand Cherokee SRT8: Australia gets 1,000 but UK gets just 100

Jeep Grand Cherokee SRT8 - just 100 coming to the UK The range-topping Jeep Grand Cherokee SRT8 arrives in the UK in the Autumn, but just 100 cars are allocated to the UK in the first year. We like just about everything that makes up the new Jeep Grand Cherokee SRT8. We like its styling – still very US but with a welcome does of European panache; we like  its interior – no longer an American plastic feast; we like it’s price – there’s a lot on offer for not silly money.

BMW M3 GTS (2010) unveiled: a new M3 CSL first official pictures

BMW might not be producing an M3 CSL, but this is something much better. Called the M3 GTS it’s a stripped-out 450bhp road-racer designed to take on the Porsche 911 GT3 RS. It’s a response to those that thought M Division might have lost its way: 'The BMW M3 GTS which we are currently preparing in our BMW M production workshop is a response to frequently expressed customer wishes', said M Division’s CEO Dr Kay Segler at the unveiling.