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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).

New Mercedes B Class Hydrogen Fuel Cell delayed until 2017

Mercedes has decided to delay production of its B Class Hydrogen Fuel Cell car until 2017 as it seeks partners for economy of scale. We learnt last year that the new Mercedes B Class would spawn a version powered by a hydrogen fuel cell, and that Mercedes were planning to launch it in 2014. But that’s now been pushed back to 2017.

Concept Car of the Week: Fiat Ecobasic

This week we're celebrating if not the most glamorous then certainly one of the most relevant concept of the last decade, the Fiat Ecobasic. The car was first shown at the 2004 Geneva motor show as Fiat investigated how to replace Giugiaro's ancient but brilliantly utilitarian Panda. The brief was: cheap to produce, cheap to own and friendly to the environment.