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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.

Lamborghini Gallardo replacement touted for Frankfurt motor show debut

September's Frankfurt motor show will see Lamborghini cap its 50th anniversary celebrations with a new concept car. The concept previews Lamborghini's upcoming replacement, sources close to the Italian supercar maker said. Rumor has it the car will be called the Lamborghini Cabrera.

Ford Tourneo Custom

The Tourneo Custom – which will take the iconic Transit name in commercial vehicle form – was first unveiled in concept form at the 2012 Geneva motor show and has been confirmed for production. The Transite/Tourneo follows Ford's Kinetic design approach that features on the company's passenger car range, including a sportier stance, bold rising shoulder line, flush glazing, distinctive trapezoidal grille and prominent wheel lips. Available in eight or nine seat configurations as a passenger vehicle, the Tourneo Custom comes in both short and long wheelbase, which measure in at 4,970mm and 5,430mm respectively while the vehicle stands at less than two meters high.