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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).

Pagani Zonda R: Nurburgring Record Video

The Zonda R setting a record lap at the Nurburgring Back in April we reported that Ferrari were claiming a Nurburgring record for the 599xx. This made-up-by-Ferrari record was for the fastest time round the Nurburgring by a road based car, or so Ferrari claimed. Of course, they were wrong on so many levels, despite the 599xx setting a cracking time of 6m 58.16s.

Volkswagen XL1 ‘Super’ Hybrid heading for the UK – costs £98,515

The Volkswagen XL1 ‘Super’ Hybrid (pictured) costs £98,515 in the UK VW announced a while back that their ‘super’ hybrid XL1 was going in to limited production, although they didn’t confirm a price for being super green. But now the first XL1 has already been delivered in Germany, Volkswagen has confirmed a chunk of the 200 run – thought to be between 20 and 30 cars – will be making their way to the UK and will cost £98,515. For almost £100k, there are plenty of options bordering on supercar, but the XL1 is ‘super’ in a different way, and if extreme economy and a design that looks like something imagined as a car of the future in Hollywood Sci-Fi films of the 1930s floats your boat, the XL1 could be the car you’re looking for.