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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).

BMW wants to sell 1,000 of its fire-breathing hybrids in the U.S.

It's literally a grand strategy: BMW is aiming to sell 1,000 of its new hybrids based on the 7-series and the X6 in their first year in the United States. The two hybrids will be revealed in production trim at the Frankfurt auto show this month. They use eco-technology to boost fuel economy and performance.

Porsche Boxster Spyder (2010) – UK details and prices

Porsche has released UK details for the Porsche Boxster Spyder Back in November we reported that Porsche had revealed the Porsche Boxster Spyder, a stripped down Boxster with an iconic ’Speedster’ profile. To be honest, we were surprised they didn’t go with the Speedster name (we reported back in Spetember with pictures of a Porsche Boxster with Speedster humps testing at the Nurburgring), but perhaps that was a step too far; using the Speedster tag on a lowly Boxster. But no matter, the Porsche Boxster Spyder it is with the flat six 3.4 litre engine with 310bhp and a 0-60mph of 4.6 seconds when you tick the PDK Sport Chrono Plus option.