UPDATE 1-Daimler pulls plug on loss-making Maybach -paper

Newswire

* S-Class model family to be expanded instead * S-Class volumes may even double to 80,000 annually * Maybach sales of 200 cars per year far below targets (Adds details, background) FRANKFURT, Nov 25 (Reuters) - Daimler will axe its Maybach superluxury brand after years of losses and moribund sales, replacing the car with more expensive models of its Mercedes-Benz S-Class flagship saloon starting in 2013. "We held extensive discussions internally about which way would promise the ...

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