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Daimler to axe Maybach in 2013. New Mercedes S Class Pullman instead

Maybach Axed We’ve been preidtcing the demise of Maybach for some time. After all, who wants an old S Class with chintzy trim and lots of toys for more money than a Rolls Royce Phantom? And now it seems that Daimler has also realised their revival of the Maybach has fallen flat on its face (except in Germany and to a pair from the Dragons’ Den) and it’s time to move on.

Victor Muller sells Spyker sports cars to CPP

Supercar maker Spyker is to be sold. Coventry-based coachbuilder CPP has announced a memorandum of understanding (MOU) to buy Spyker Cars from Spyker Cars N.V, the holding company which owns Spyker and Saab. No. Saab remains under the ownership of Dutch company Spyker Cars N.V. This sale is of Spyker, the manufacturer of flamboyantly detailed mid-engined supercars. CPP has been supplying chassis and body panels for Spyker since the brand was relaunched in 2000, and completed an agreement to handle full manufacturing of the current range in 2009 – the production of Spyker cars moved from the Netherlands to Coventry in 2010.   The MOU, valued at €32m, will mean that CPP Global Holdings Ltd will become manufacturer and owner of Spyker – €15m will be paid straight away, with the remaining €17m paid over a six year 'earn-out' period.

GM will launch sale across all brands this week

General Motors will launch a big incentive program on each of its four brands starting Nov. 18. Chevrolet will go with the “Red Tag Sale,” Buick-GMC with the “Holiday Event” and Cadillac with the “Season's Best” sale.