Daimler denies reports of China’s BYD considering purchase of Maybach

Daimler AG denied reports that it will sell Maybach, after Chinese media reported that BYD Co. Ltd. was considering buying the uber-luxury brand. The Guangzhou Daily and many other local media said that BYD was weighing the possibility of taking over Maybach from Daimler.

“Maybach is an important part of Daimler’s product portfolio. There is no other decision,” a Daimler spokesman said.

BYD also denied the reports. Spokesman Paul Lin said that “It’s not true, it’s market speculation. We got calls from the media and we have checked with Chairman Wang (Wang Chuanfu).”

Maybach sales totaled only 200 units last year.

It was reported earlier this month that Maybach will receive one last facelift before being killed off by Daimler.

– By: Kap Shah

Source: Automotive News (Subscription Required)