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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).

Nissan to show GT-R crossover in Sao Paulo?

Nissan has teased a concept car to be unveiled later this month at the Sao Paulo motor show in Brazil with two renders. It's hard to tell what format the car is, but these obscured images could show a GT-R-branded coupe/SUV crossover designed specifically for the Brazilian market. This would make sense in a market where rugged SUVs with high ground clearance for sub-standard roads are so commonplace.

Nissan will recall 908,900 vehicles globally for accelerator sensor glitch

Nissan is planning to recall approximately 908,900 cars globally due to a flaw in the accelerator sensor that can cause the engine to stall, Reuters is reporting. The vehicles included in the recall were produced in Japan between 2004 and 2013, and include the Serena, X-Trail, Lafesta, and Fuga models. For the U.S.