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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 Mondeo ECOnetic averages 101mpg from Helsinki to Oslo

Ford Mondeo ECOnetic Economy Record A Ford Mondeo ECOnetic has averaged 101.25mpg on a 1576 mile drive from Helsinki to Oslo, a new European record. The official fuel economy figures car makers quote are, to a great extent, the stuff of fiction; designed to deliver the best possible results in official testing but with little relevance to the real world. But the fact the official figures can be achieved does mean, driving style permitting, that extraordinary feats of economy can be demonstrated by modern, fuel efficient cars.

Koenigsegg supercars

By Tim Pollard 29 July 2008 09:00 What happens when the Swedes take on the might of the supercar fraternity? Answer: the Koenigsegg. Christian von Koenigsegg's operation is way more than Ferrari meets Ikea – his products exude a devilish attention to detail and some hair-raising stats (see below).