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News watch March 2011: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Thursday 31 March 2011• US President Barack Obama has strated all US government cars and trucks purchased from 2015 must be alternative-fuel vehicles (Automotive News)• Nissan CEO Carlos Ghosn has denied a report in Japan's Nikkei newspaper that he is leaning towards a formal merger of Nissan and Renault (Reuters)• Fiat CEO Sergio Marchionne says that Chrysler's share IPO may now take place in 2012, depending on financial progress this year (Bloomberg)Wednesday 30 March 2011• Tesla CEO Elon Musk has called a report that the EV carmaker is a takeover target 'bad analysis' and remains confident the firm will stay independent (Bloomberg)• The BBC denies that it rigged a December 2008 Top Gear TV test of the Tesla Roadster, in response to being sued by the EV carmaker (BBC News)• First Group, the UK's largest public transport operator, has announced a £160m investment in new buses, ordering 955 new buses from UK manufacturers Wrightbus and Dennis over the next two years (BBC News)• Japanese production woes look set to continue into April. Toyota expects the majority of Toyota and Lexus production on 14 April (Automotive News)• Saab production has re-started again, following a half yesterday afternoon.

London Motorexpo competition shows future EVs

London's 2012 Motorexpo show has showcased the work of the winners in its competition to design an electric vehicle of the future. The brief, to create a circa 2032 zero-emmission city car capable of transporting four adults and luggage, was won by Michael Vlcek, a first-year student at London's Royal College of Arts' (RCA) Vehicle Design department. Vehicles of the future Vlcek's proposal displayed a car with electric motors mounted in the wheel housings to maximise interior space, and a front-hinged opening to allow access via the rear of the car, where Vlcek positioned the rear lights on vertical vanes to improve aerodynamic stability.

Volvo V40 Cross Country to cost £2500 more than V40

It looks like Volvo will be asking around £2500 more for the V40 Cross Country than the regular V40 hatch. Both the Volvo V40 Cross Country and R-Design look great and offer much, but we’ve been busy guessing so far on how much extra extra they will cost when they go on sale. But now we know.