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Mercedes-Benz axes Maybach

High ranking Mercedes-Benz sources have confirmed to Autoweek that the underperforming Maybach brand will be officially killed off in 2013. The decision to disband Mercedes-Benz’s upper luxury marque comes after a decade of disappointing sales for the Maybach 57 and 62 and a recent decision from the German car maker’s chairman Dieter Zetsche not to push ahead with the development replacement models – the likes of which were tentatively due out in 2014 – owing to what one insider describes as a “positive move to focus greater attention on the Mercedes-Benz brand” . “We’ve come to the conclusion that it is better to cut our losses with Maybach than to continue into an uncertain future with a brand that has failed to live up to original sales expectations," the insider said.

Fiesta grabs Women's World Car of the Year prize

THE FORD FIESTA 1.0 Ecoboost has been crowned the Women’s World Car of the Year 2013. A panel of 18 women judged the car on factors such as colour, sex appeal and ease of driving. Beating off competition from Audi and Range Rover, the Fiesta was praised by the all-women panel and the awards chairman Sandy Myhre said: ‘It was clear from the outset the Fiesta struck a chord with our panel of women as it has features which clearly chime with the needs of female drivers.’ Barb Samardzich, chief operating officer, Ford of Europe, said: ‘The success of the new Fiesta, both in terms of this award and impressive sales, has been achieved with a car which is sharp looking, better connected and even more fuel efficient and fun-to-drive.’

Saab’s Chinese Takeaway goes cold

Saab loses Hawtai investment There’s nothing worse than a cold Chinese; all congealed and unappetising. A reality Victor Muller woke up to today when the news broke that the much-trumpeted investment by China’s Hawtai in Saab had turned sour. But it wasn’t exactly unexpected.