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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.

Aston unveils new Vantage racer

By Digby Fullam First Official Pictures 17 November 2008 14:15 Aston Martin’s Vantage N24 has given way to this new GT4 – a race-spec Vantage aimed at pro racers and track day enthusiasts alike. The arrival of the GT4 leaves Aston in the unique position of being the only manufacturer producing cars in each GT class. The new car has been six months in development, with Aston hopeful that it will build on the success of the N24, winner of this year’s Nurburgring 24 Hours.

Urban gridlock costs economy £4.4bn

GRIDLOCK in urban areas is costing car-commuting households £4.4 billion a year, according to a report. Congestion in London accounts for £2 billion of the overall annual cost, the report by traffic information company Inrix and the Centre for Economics and Business Research (Cebr) showed. The report was compiled by studying congestion in the UK's 18 largest urban areas.