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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).

Peugeot 308

These are the first pictures of the forthcoming Peugeot 308 that replaces the 307.  The car will compete predominantly in the lower medium European C-sector along with the Opel Astra, Ford Focus, the class leading Volkswagen Golf, and its PSA sibling: the Citroen C4. The 308 is expected to make its public debut at the Frankfurt Motor Show in September and be available at launch in 3 and 5 door hatchback body styles with other variants including an estate to follow. The design builds on the tall proportions established by its predecessor and some of the features that the 207 introduced as well as appearing to have been influenced by some Mercedes designs.

Bentley gives Continental GT Speed even more power

The Bentley Continental GT Speed has never been accused of being a slouch when it came to power, bluntly incorporating the word Speed in its name, but it seems the company's engineers believe there is still room for improvement. And so for 2015 the Bentley Continental GT Speed and Bentley Continental GT Speed Convertible will receive a slight bump up in power, and will now offer 626-hp and 607 lb-ft of torque. That's up from 616-hp and 590 lb-ft of torque in the 2014 versions of this 6.0-liter W12 beast.