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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.

Audi S7 Spied

Audi S7 caught out playing We got the launch of the Audi A7 in July and here we are – just a couple of months on – expecting the Audi S7 to surface at the Paris Motor Show next week. And just in time we’ve got a spy shot of the hot S7 out playing and looking pretty much production-ready; as it should if it’s going to bow in next week. It seems clear this is not an A7 with an S-Line pack as it’s sporting a pair of twin exhausts out back which, as far as we can recall, don’t appear on any A7.

Chevrolet Camaro muscle car is go!

By Phil McNamara Motor Industry 13 August 2006 07:00 The Chevrolet Camaro – GM's centrepiece at the 2006 Detroit auto show – has received the green light for production. The V8 coupe will be unveiled in late 2008, with sales confirmed for early 2009. 'The new Camaro will be almost identical to the concept, a thoroughly modern interpretation of the 1969 model,' said GM design boss Ed Welburn.