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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).

A Decade Of Fast Vauxhalls Celebrated

VAUXHALL is celebrating 10 years of its VXR performance brand in style, with the launch of a new version of its popular VXR8 model. The GTS variant joins an illustrious line of hot Vauxhalls from the last decade that saw the memorable VXR220 roadster and Aussie bruiser the Monaro VXR hit the showrooms back in 2004. There are currently five cars in Vauxhall's VXR range: the Corsa VXR, the 210 horsepower Corsa VXR ClubSport, the 280 horsepower Astra VXR, the 325 horsepower Insignia VXR and the aforementioned 576 horsepower VXR8 GTS.

Megane Renaultsport 265 Trophy grabs Nurburgring Record

Megane Renaultsport 265 Trophy and the Nurburgring crew First we get the news that Renault has pushed out a limited edition Megane Renaulsport – the Megane Renaulsport 265 Trophy with a slightly tweaked and titivated version of the Megane Renaultsport 250 – and now we get the follow-up publicity with the claim of a new Nurburgring record for the brisk Megane. This isn’t a record that’s quite as daft as some of the records that are claimed for the Nurburgring (there almost seems to be a specific category of ‘Record’ time to fit every car maker’s needs), but it does seem a bit obscure. It’s the Nurburgring record for the fastest production front wheel drive car.