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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.

Michelin Challenge Design 2013 finalists announced

The finalists of the 2013 Michelin Challenge Design global vehicle design competition have been announced with all 15 of the chosen entrants' work to be displayed at NAIAS 2013. This year's theme, 'HALF! Lightweight with Passion', asked participants to explore how design contributes to and impacts the ongoing effort to develop more efficienct vehicles, while keeping the emotional side of car design front of mind.

GM SUVs probed by NHTSA after reports of stalling

Federal regulators have opened a safety investigation of as many as 865,000 General Motors SUVs from 2005-07 model years after complaints that inaccurate fuel-gauge readings led to stalling and one accident. The National Highway Traffic Safety Administration's preliminary evaluation is looking at 2005-07 Buick Rainiers, 2005-07 Chevrolet TrailBlazer 360s, 2005-06 Chevrolet TrailBlazer EXT 370s, 2005-07 GMC Envoy 360s, 2005-06 GMC Envoy XL 370s and 2005-07 Saab 9-7Xs. NHTSA said in a posting Friday that it has received 668 complaints of inaccurate fuel-gauge readings, 58 of which involved stalling vehicles.