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Arash AF10

Arash Motors is the latest in a succession of recently established low-volume manufacturers, and has unveiled their first car, the AF10, at the British Motor Show in London. Since the company's conception in March this year, the team has been working continuously on the AF10, with styling done in-house by Arash Farboud Designs. The company is based in Cambridge, UK, with testing of the bespoke chassis done at the nearby Millbrooke circuit.

Hennessey Venom GT hits 265.7mph for new world top speed record (+ video)

The Hennessey Venom GT – an American, Lotus Elise-based supercar – has clocked 265.7mph for a new world record top speed for a production car. The world top speed record for a production car has been held by the Bugatti Veyron (well, the Veyron Super Sport) at 258mph, but that’s a ‘limited’ speed for its production cars. The Veyron Super Sport actually hit 267.81mph at VW’s Ehra-Lessian track (it actually hit 269.8mph one way) but because production cars are limited to 258mph the higher speed doesn’t count.

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).