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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).

Design Contest: 2005 World Automotive Design Competition announced

The World Automotive Design Competition, sponsored by Alias and hosted by the Canadian International Auto Show, is back with more participating design schools and an impressive list of prizes. Design students from twenty-six schools around the world have been invited to design a World Car that visually identifies its cultural origins and, at the same time, has appeal, and can be sold throughout the world, in at least five countries on three continents. The vehicle should be easily recognized as coming from a particular culture.

Koenigsegg Quant – A 4 door supercar

Christian Von Koenigsegg doesn’t do things by halves. Oh, no. A super wunderkid – massively wealthy from entrepreneurial escapades in his 20s – he produces what many would consider to be the ultimate supercar – the Koenigsegg CCXR Edition.