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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).

The 12 best cars at the 2014 Beijing Motor Show

Despite a recession and government crackdowns on spending and corruption, China’s auto industry is charging ahead, pedal to the metal. For many brands, China represents a market where growth is the norm not the exception, with the world’s top brands building cars specifically for the country’s seemingly insatiable appetite for vehicles. MSN Cars trolled through the show’s seven massive floors to bring you the best new concepts and production cars.

Peugeot 107 facelift (2012) first official pictures

Peugeot has shown its newly facelifted 107 city car at the Brussels motor show. It's the first major change to the Franco-Japanese city triplets. The 107 was jointly developed with Toyota and Citroen and it remains a big seller in the fast-rising city car sector.