Daimler AG will shut down the super-luxury Maybach brand to end almost a decade of losses from an auto that sells for more than $350,000 when a revamped version of the flagship Mercedes-Benz S-Class comes to market in 2013.
"It would not make sense to develop a successor model," Chief Executive Officer Dieter Zetsche said in remarks confirmed by Daimler spokesman Marc Binder. "The coming S-Class is in such a way a superior vehicle that it can replace the Maybach."
Read Article