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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.

Bertone looking for buyers as bankruptcy nears

Italian design house Bertone has confirmed it entered bankruptcy proceedings in Italy, The Telegraph reports, amid recent reports that it laid off a significant percentage of its workforce. A spokesperson for the struggling company told The Telegraph that the company is searching for a buyer. "The problem is many debts and very high costs.

Peugeot 308 (2007): first official pictures

By Ben Whitworth First Official Pictures 02 July 2007 01:53 This can only be a Peugeot… You eagled eyed car spotter, you… Yes, it’s the new 308 that arrives here in October after first making its public debut at the Frankfurt motor show in September. Known internally at T7, it’s taken four years and 4000 people to develop, and in a bid to compact its reliability record, each car will undergo an 1800-point quality check on the production line. Not really.