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In an unexpected announcement last week, Daimler AG revealed that they will be discontinuing their luxury Maybach vehicles soon due to low sales and lack of profits. Last year, there were reportedly less than 200 Maybachs sold, which carried a starting price of $375,250 — one of which Kanye West and Jay-Z happily chopped up for their music video, ‘Otis.’
To make up for the financial loss, Daimler Chief Executive Dieter Zetsche plans on expanding the company’s now three series Mercedes-Benz S-Class model to a 600 in 2013.
“We came to the strong conclusion that the sales chances for the Mercedes brand are much stronger than those for Maybach.”
The luxury vehicles have been the ride of choice for rappers over the years, making appearances in many hip hop/rap videos and being the inspiration behind the name of Miami rapper Rick Ross’ label, Maybach Music Group. Last year, Diddy’s son Justin Combs received a $350,000 Maybach for his 16th birthday during MTV’s Sweet 16 special.
More Hip Hop Maybach pics after the jump Read More