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Daimler takes 10 percent stake in EV maker Tesla

Daimler AG has acquired an equity stake of nearly 10 percent of California electric car maker Tesla Motors Inc., the German automaker said Tuesday. The two companies have been working together to integrate Tesla's lithium-ion battery packs and charging electronics into the first 1,000 units of Daimler's electric Smart car. Daimler said its stake in Tesla will allow the companies to collaborate even more closely on the development of battery systems, electric drive systems and in individual vehicle projects.

Citroen C-XR concept (2014) first official pictures

By Ollie Kew First Official Pictures 22 April 2014 15:34 Citroen has unveiled its headline act of the 2014 Beijing motor show: the C-XR concept. It's a compact SUV (what else, these days) that's taller and more stout-looking then the cheeky little C4 Cactus lightweight. Officially a concept car, but looking only a set of numberplates away from showrooms, the C-XR is especially notable for being the first SUV co-developed between Citroen and its Chinese brand partner, Dongfeng motor corp.

Mercedes-Benz Concept S-class coupe bows at Frankfurt motor show

Mercedes-Benz previewed its upcoming S-class coupe at the Frankfurt auto show, revealing this lightly veiled concept car. Set to replace the 7-year-old CL, the muscular-looking two-door teases the production model, planned to be rolled out at the Detroit auto show in January. U.S.