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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).

Toyota shows self-steering car at safety demonstration

We already have cars that can take control of the brakes, park for us and maintain a safe distance from the car in front of us. Soon some Toyota models will be veering themselves away from accidents, too. The new system uses cameras and a supersensitive radar called millimeter wave.

Fiat at the Geneva Motor Show – Abarth Punto EVO

The Abarth Punto EVO - Geneva bound Fiat’s hot Herberts – Abarth – don’t just have the Abarth 500C Convertible to stick on their stand at Geneva, they also have a tweaked and sorted Punto EVO – the Abarth Punto EVO – to get the attention of show-goers. The performance division of Fiat have stuck a bigger turbo on the Punto EVO which ups the output to 165bhp and drops the 0-60mph time to 7.7 seconds. But economy and emissions don’t seem to suffer with the EVO managing 47mpg and emissions of 142g/km.