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Carroll Shelby's AC Cobra to be auctioned

A limited-production 1965 Shelby Cobra 427 CSX1001 will be available at the Russo and Steele Collector Automobile Auction in Scottsdale, Ariz., Jan. 19-23, 2011. This vehicle is one of 12 in the CSX1000 series to have an AC-built body.

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.

Ferrari 599XX evolves with more power, less weight and a movable wing

Ferrari used the Bologna motor show to unveil an evolution of the 599XX sports berlinetta. It's an enhanced version of the 599 GTB Fiorano that is purely for track use--it stays with the company even after you buy it. You are invited to drive at track days, from which Ferrari uses telemetry, but you aren't allowed to put it in your garage.