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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).

Ford offers C-Max Hybrid owners rebates for overstated mpg

In the wake of Ford's decision yesterday to lower its fuel mileage estimates on the C-Max hybrid, the company says it will also offer a payment to C-Max hybrid owners and lease holders for the estimated average fuel cost between the new and former mpg figures. Owners will get a check for $550 while lessees will get $325. The window sticker on the C-Max hybrid will now read 43 mpg, instead of the originally promised 47 mpg.

Honda Civic Si gets a bigger engine for 2012

Honda is dropping a larger, 2.4-liter four-cylinder engine into the Si versions of the redesigned Civic coupe and sedan, which go on sale this spring. The Civic Si powertrain also gets a new six-speed manual transmission. Honda on Thursday said it anticipates that the 2.4-liter engine will be rated at 200 hp.