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Chevy and GMC pickup trucks pile up on dealer lots

General Motors entered December with bloated inventories reminiscent of its prebankruptcy days-and its lowest market share in 90 years. GM will try to fix both problems in a hurry. Dealers say the company has begun rolling out bigger discounts on many models, including the redesigned Chevrolet Malibu sedan and GM's full-sized pickups.

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.

Senate considers more funds for cash-for-clunkers program

The cash-for-clunkers program is running on fumes, and government officials are working to get more funds for the popular program before the end of the week. A plan to add $2 billion to the fund passed the House and is being considered by the Senate, where is appears to have support, Reuters reports. The initial $1 billion clunkers outlay is nearly exhausted.