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).

Rimac Concept One electric supercar offered at Top Marques Monaco

The Top Marques Monaco show at the Grimaldi Forum doesn’t feature the best from Ford, Subaru and Hyundai. What it does feature is booths from lesser-known, bespoke automakers such as Pagani, Hamann, Noble and Croatian supercar-maker Rimac. Rimac introduced the Concept One electric vehicle at the Frankfurt motor show in September.

2013 Nissan LEAF updated

Nissan has updated the LEAF EV in Japan for 2013 with better range, less weight and a new LEAF S entry-level model. Revealed in Japan – but likely to come to the UK from 2013 when the LEAF starts rolling out of Nissan’s Sunderland factory – there are significant upgrades to the powertrain which result in both less weight and better range. Nissan has had a play with the electric powertrain and made it both smaller and lighter with a new motor that uses 40 per cent less dysprosium (a rare earth metal) than before, and comes in 30 per cent smaller and 10 per cent lighter, and a new streamline battery case and a few other tweaks drops the LEAF’s weight by 80kg.