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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.

Maserati names new North American boss

Update on McNabb Maserati has named longtime Chrysler executive Bob Graczyk as CEO of its North American division. He replaces Mark McNabb, who previously worked for Cadillac and Infiniti. McNabb had led Maserati since June 1, 2009.

Citröen Metropolis concept car (2010) first pictures

By Chris Chilton First Official Pictures 19 April 2010 16:34 Citröen is using this week’s 2010 Shanghai motor show to give a sneak view of how a new Citröen limo could look. The press statement says the Metropolis concept ‘pays homage to China’s extraordinary development’ but just how this Citröen forces millions of people to live in poverty with no access to an uncensored media isn’t yet clear.A massive 5.3m long (longer than a stretched 7-series) but only 1.4m high, the four-door coupe’s styling has echoes of Citröen’s incredible GT supercar concept of 2008 and was developed by Citröen’s Shanghai-based design team. China’s car market is phenomenally lucrative and rich Chinese are hungry for luxury saloons so the Metropolis is likely to resurface as a Chinese-market limo rather than point to the next C6.A Citröen hybrid limoTo ensure occupants get a level of ride quality worthy of a limo it’s fitted with Hydractive suspension; to keep their conscience clean it’s fitted with a plug-in hybrid drivetrain.