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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.

Vintage motorcycles set to take over Road America

Road America will be two-wheel heaven this weekend, as the iconic circuit plays host to vintage-motorcycle racing. Put on by the American Historic Racing Motorcycle Association, the races run on Saturday and Sunday. They will feature motorcycles from the 1920s to the early 1970s, Superbikes from the 1970s and 1980s, and more-modern racers from the Sound of Singles, Battle of Twins and Sound of Thunder classes AHRMA is an enthusiast group that preserves the heritage of racing motorcycles through events at race circuits.

New 2014 Corvette Stingray gets 29 mpg highway

Chevrolet has been dropping stats about its new Corvette every so often, and the latest to come down the pike are its fuel economy ratings. The Corvette Stingray's EPA estimated rating of 17 mpg in the city and 29 mpg on the highway makes it 11 percent more fuel efficient than the previous Corvette. These ratings are for the Corvette equipped with the all new seven-speed manual transmission.