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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).

Jaguar XFR-S Sportbrake OFFICIALLY revealed. Price from £82,495

The Jaguar XFR-S Sportbrake (pictured) has now been officially revealed The new Jaguar XFR-S Sportbrake made an early appearance yesterday after the first photo leaked out, but this morning Jaguar has done the decent think and made it official. The XFR-S Sportbrake is a car we all hoped Jaguar would put at the top of their Sportbrake range, but it will have taken two full years since the debut of the XF Sportbrake to add a model with the supercharged V8. But rather than making a straightforward XFR Sportbrake, Jaguar has gone the whole hog – just as it did with the F-Type R Coupe - and skipped the 504bhp version of the Supercharged V8 and jumped straight to the full-fat XFR-S with 542bhp.

The next presidential limousine might look like this

A few days ago, the United States Secret Service posted the bid requirements for a new presidential limousine, which is set to debut during the 2017 inauguration of our nation's 45th chief executive. It's hard to believe that the General Motors-built Cadillac dubbed "The Beast" is already due for replacement, but the fleet of presidential limousines is cycled every four or eight years, with bids accepted from any American automaker. We'll spoil the show for you: the odds of a company other than General Motors winning the bid is pretty slim.