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News watch March 2011: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Thursday 31 March 2011• US President Barack Obama has strated all US government cars and trucks purchased from 2015 must be alternative-fuel vehicles (Automotive News)• Nissan CEO Carlos Ghosn has denied a report in Japan's Nikkei newspaper that he is leaning towards a formal merger of Nissan and Renault (Reuters)• Fiat CEO Sergio Marchionne says that Chrysler's share IPO may now take place in 2012, depending on financial progress this year (Bloomberg)Wednesday 30 March 2011• Tesla CEO Elon Musk has called a report that the EV carmaker is a takeover target 'bad analysis' and remains confident the firm will stay independent (Bloomberg)• The BBC denies that it rigged a December 2008 Top Gear TV test of the Tesla Roadster, in response to being sued by the EV carmaker (BBC News)• First Group, the UK's largest public transport operator, has announced a £160m investment in new buses, ordering 955 new buses from UK manufacturers Wrightbus and Dennis over the next two years (BBC News)• Japanese production woes look set to continue into April. Toyota expects the majority of Toyota and Lexus production on 14 April (Automotive News)• Saab production has re-started again, following a half yesterday afternoon.

Lamborghini Urus SUV confirmed for 2017 – again

The Lamborghini Urus SUV (pictured) has been signed-off for production by VW It’s already two years since the Lamborghini Urus SUV went from speculation to reality as a concept version arrived at the 2012 Beijing Motor Show. Since then we’ve had speculation that, apart from being underpinned by the next generation large SUV platform from VW, which will underpin everything from the Bentley Falcon SUV to the next generation Audi Q7, the Urus will probably be fitted with a twin-turbo V8 delivering around 600bhp, a take on the 4.0 litre twin turbo used by Bentley and Audi. We’ve also had confirmation from a Lamborghini source that the Urus SUV will launch in 2017 and spearhead Lamborghini’s drive to reach annual sales of 3000 cars.

Peugeot Quartz

In addition to a Europe-specific version of the Exalt concept, Peugeot will reveal a new show car in Paris. Called the Quartz, it follows themes established by the Onyx, shown in Paris two years ago, and the Exalt, which debuted in Beijing earlier this year. At 4,500mm long and 2,060mm wide, the Quartz is the smallest of the three, and, more obviously, switches coupé for crossover aesthetics.