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Mercedes-Benz axes Maybach
Fri, 25 Nov 2011High 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.
Bill Gates, venture capitalist invest $23.5 million in EcoMotors
Mon, 12 Jul 2010EcoMotors International has received $23.5 million from Microsoft Corp. Chairman Bill Gates and investor Vinod Khosla for engineering and testing of its trademarked Opoc engine technology. EcoMotors said in a statement Monday that the investment marks a key advance in commercializing its opposed piston-opposed cylinder engine.
WIN the last ever Volvo C30 on Twitter
Mon, 10 Jun 2013The last ever Volvo C30 (pictured) is up for grabs in a Twitter competition The Volvo C30 has only been with us for seven years, but it’s made its mark. Perhaps the highest profile outing for the C30 was with a starring role in the Twilight films, which exposed the C30 to a very non-Volvo demographic, and made the C30 almost cool. But with Volvo’s new V40 hitting the roads, Volvo revealed they were ending production of the C30 and now they’ve decided they’re going to give away the very last C30 – an R-Design model with Polestar upgrades and an Ice White paint job – in a Twitter competition starting on 13th June.