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Maybach is dead - Zetsche closes Merc's upmarket wing
Fri, 25 Nov 2011Daimler is to announce the closure of Maybach, marking the failure of its upmarket division resurrected to battle BMW's Rolls-Royce and VW's Bentley subsidiaries. Chief exec Dieter Zetsche will tomorrow (Saturday 26 November) announce he's lost patience with Maybach in an interview with a weekend newspaper in Germany. No more Maybachs will be developed and stocks will deplete by later in 2012.
Saab's finance struggle: the latest news
Fri, 13 May 2011Time appears to be running out for Saab, which hasn't built a single car since 1 April. And the hunt for new investors intensified this week as a deal worth more than £100 million with a Chinese partner collapsed. Trollhattan factory has been idle since 1 April, halted by cashflow issues which saw suppliers withold parts in response to unpaid bills.
Ford recalls trucks to fix fuel-tank straps
Mon, 01 Aug 2011Ford is recalling 1.1 million pickups to fix fuel-tank straps that can corrode and possibly break. The recall covers 1997-2003 Ford F-150s, F-250s and the Lincoln Blackwood pickup. The fuel-tank straps could corrode over time, leading to failure and the tank dropping to the pavement.