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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.

Toyota pedal recall batters reputation

In the past 24 hours, the storm swirling around Toyota has intensified, battering its prized reputation for quality. The latest moves: -- Toyota added another 1.1 million vehicles to those recalled to modify accelerator pedals that may get stuck under the edge of the floor mat. Toyota has now recalled a total of 4.3 million vehicles for this issue.

Porsche Boxster

The Porsche Boxster has been completely redesigned as it enters its third generation since its introduction in 1996. As can be expected from the Stuttgart manufacturer, the design is progressive, evolving the familiar two-seater into a more distinctive proposition within the Porsche range. Its proportions are also altered, with a flatter silhouette and shorter overhangs, while the base of the windscreen has been significantly shifted forward.