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Maybach reaches end of the line

Daimler AG is set to announce the closure of its Maybach ultra luxury brand this weekend, according to reports. The underperforming 57 and 62 limousines are to be killed off in 2013, following a decision from chairman Dieter Zetsche who has elected not to invest in their respective replacements for 2014. Following a concept car preview at the 1997 Tokyo motor show, Maybach was resurrected in 2002 after Daimler AG failed to purchase either Rolls-Royce or Bentley from then owners, Vickers.

For Father's Day weekend, all EyesOn Design

Father's Day weekend started off in southeast Michigan with a string of auto-related events for the revelry of designers and car enthusiasts alike. EyesOn Design opened on Thursday, delving into automotive art with a designers' night at Lawrence Technological University. Friday brings a black-tie event toasting the accomplishments of Volkswagen's Walter de'Silva, recipient of the 2011 Lifetime Design Achievement Award.

Toyota aims for a comeback, shuffles execs

Toyota, unveiling a new business plan to double operating profit by 2015, will remove its head of North America from a downsized board and promote Canada chief Ray Tanguay to be its highest non-Japanese executive. Yoshi Inaba, 65, continues to lead Toyota North America and Toyota Motor Sales U.S.A. while becoming one of 18 directors to lose board seats.