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Mercedes signs joint venture to build carbonfibre parts

Not to be outdone by BMW’s joint venture with the SGL Group to manufacturer commercially viable carbonfibre-reinforced plastic (CFRP) for the electric Megacity Vehicle, Mercedes has announced a joint venture with Japanese company Toray Industries to manufacturer and market its on CFRP automotive parts. The deal was signed in Germany today, with Toray taking a 50.1% stake, Daimler holding 44.9% and the remaining 5% being taken by other shareholders. The two companies started working together in March 2010, and while Toray has been working on the materials and moulding processes, Merc has designed the automotive parts and the technologies to join the parts together.

Ssangyong SUT1 Concept

These sketches preview the Ssangyong SUT1 concept, the latest chapter of the South Korean automaker's rejuvination and an evolution of the once popular Actyon Sports series. It will debut at the 2011 Geneva motor show. According to Ssangyong, the SUT1 retains the 'essential characteristics of a traditional pick-up,' and combines these with more refined styling attributes, something the company believes is essential in this sector.

Toyota and Tesla strike $50m electric car deal

Toyota has bought a $50m chunk of Tesla By Tim Pollard Motor Industry 21 May 2010 09:15 Toyota today agreed to buy a $50 million stake in Tesla Motors, the Californian electric car start-up. The two companies plan to cooperate on electric vehicles, batteries and other EV technology. But Tesla's tiny!