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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.

BMW 7-series facelift (2012) first pictures

BMW has given the 7-series the mildest of mid-life facelifts for 2012 – with a series of cosmetic tidy-ups, fettled engines, extra kit and the UK's first hybrid 7-series. The ActiveHybrid7 isn't the most expensive 7-series (that's the 760Li at £101,805), but at £66,040 the petrol-electric saloon is some £8k pricier than the biggest-selling 730d. As the diesel is also cleaner and more economical, we suspect the hybrid Seven will remain a niche seller over here.

The Hongqi L5 is the most expensive Chinese car you can buy

China's oldest car company rolled out its first vehicle on Aug. 1, 1958; it was a chrome-lined black sedan designed -- like the pastiche of 1950s cars it resembled, including the Packard-esque Chaika -- to strike equal amounts of fear and inspiration into the revolutionaries. In Chinese, "Hongqi" in means "red flag," the most potent symbol of the Chinese Communist Party, making it a fitting name for a company that supplied the apparatchik.