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Lotus for Sale? Proton advised to sell Lotus Group International

Are Proton about to sell Lotus? Analysts are advising Proton – owners of Lotus Group International – to divest itself of the loss-making Lotus. It was always difficult to see any sort of synergy between budget car maker Proton and Lotus.

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.

Chrysler and Nissan cancel vehicle-swapping deal

Chrysler and Nissan are canceling their 2008 deals to build vehicles for each other, the automakers announced Wednesday afternoon. Chrysler was to provide Nissan with a full-sized truck, based on the Dodge Ram, starting in 2011. It would have been a replacement for the Nissan Titan.