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Road accidents' annual cost '£34bn'
Fri, 27 Sep 2013THE TOTAL ANNUAL COST of road accidents, including the human suffering as well as the medical bills, could be more than £34 billion, according to Government estimates. Latest figures show that British road accidents that were reported in 2012 cost an estimated £15.12 billion. This included damage-only accidents but did not allow for unreported injury accidents.
General Motors board recommends selling Opel to Magna-led group
Thu, 10 Sep 2009General Motors Co.'s board has decided to support selling a majority stake in Opel to a group led by Canadian auto parts giant Magna. The move caps weeks of high-stakes maneuvering on both sides of the Atlantic that saw nationalism, labor issues and--perhaps most critical to GM, the use of its technology--all come into play. Magna and Russian lender Sberbank will get a 55 percent interest in Opel, the linchpin of GM's European operations for 80 years, as well as its British sister brand Vauxhall.
Daimler takes 10 percent stake in EV maker Tesla
Tue, 19 May 2009Daimler 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.