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News watch March 2010: today's auto industry news
Tue, 30 Mar 2010Tuesday 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 M5 comes alive with all-wheel drive
Tue, 03 May 2011The 2012 BMW M5 will come with a handful of firsts for the sedan. It will be the first time the car houses a turbocharged powerplant, the first time a dual-clutch gearbox is used and, most importantly, the first time the M5 gets all-wheel drive. That's the word from BMW brass in Shanghai, where Albert Biermann, head of BMW M's research and development, confirmed the powertrain, Autocar reports.
Lexus LF-Lc concept car (2012) is leaked early
Wed, 21 Dec 2011A concept depicting what a future Lexus SC could look like has leaked early. The new Lexus LF-Lc will be shown at the 2012 Detroit auto show in January. Road & Track magazine in the US is being blamed for the leak, which has provided this low-res image of the LF-Lc.