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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.

Investor group wants to buy Saturn, sell overseas brands

An investor group called Telesto Ventures says it wants to acquire Saturn's retail operations and provide dealers with vehicles from General Motors through 2011 and mostly overseas manufacturers thereafter. A GM spokesman said today the group's proposal is legitimate and "very interesting." "I can tell you this is one of the interested parties with Saturn, and we have been working with them throughout this process," said spokesman Steve Janisse. "There are other interested parties as well who we're working with.

CCS receives $2.5m GM Grant

General Motors is set to strengthen its longstanding commitment to Detroit's College for Creative Studies with a $2.5 million donation, a contribution that will help the university undertake a $145 million redevelopment of its A. Alfred Taubman Center for Design Education. This is not the first time that GM has given to CCS – the ongoing relationship between them sees members of the GM design team teach and mentor students, while CCS also receives loans of industrial equipment from its Detroit neighbor.