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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.

Are used car prices about to spiral down?

CAP – the used car price specialists – are warning that used car prices, particularly ’almost’ new car prices, are set to tumble as nearly new cars hit the market. The car market in the UK has proved amazingly resilient to the general malaise in the economy, with new car sales continuing to rise strongly and used cars seemingly immune to big depreciation drops. But CAP – who gauge used car prices for the motor trade – are warning that this could be about to change as the impact of recent trading in new cars is about to start impacting on used car prices, particularly prices for cars less than a year old.

2014 (or is it 2015?) Ford Mondeo to launch in UK & Europe late 2014

The new Ford Mondeo will now arrive in the UK in late 2014 The story of the new Ford Mondeo for the UK Europe (which should have been the 2013 Mondeo but will end up as the 2014 or 2015 Mondeo) has been a bit tortuous. Despite the new Mondeo being on sale in the US as the Ford Fusion since summer 2012, and in China since summer 2013 (and the reveal of the production version of the Mondeo over two years ago and a set of new Mondeo photos too), Ford’s decision to shut up shop at Genk in Belgium – the Mondeo’s traditional manufacturing plant – meant there was no way to give Europe the new Mondeo. So we’ve had to wait for Ford to sort out production lines in Valencia to build the new Mondeo but now, according to Mark Ovenden – Ford’s UK boss – the new Mondeo will arrive in the third quarter of 2014 in the UK and Europe.