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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 and GM recall nearly 1.3 million vehicles over airbag issues

Toyota is recalling certain RAV4, Yaris, Highlander, Tacoma, Corolla, and Matrix models in the U.S. market, part of a larger global recall campaign, for an issue that could prevent the airbag from deploying in the event of an accident. General Motors is recalling Pontiac Vibe vehicles for the same problem; the Vibe is mechanically similar to the Matrix because the two shared a platform and were built at the same plant.

Volkswagen Touran

Volkswagen unveiled the new Touran at the Leipzig Motor Show last week. Though not an entirely new design, the revisions to the Touran were made to bring the car in line with other offerings in the Volkswagen stable - namely the Polo, Golf and the recently revealed Touareg SUV. At the front, a new grille with horizontal lines sits atop a new front bumper, while revised taillights with LED bulbs join a new tailgate and bumper at the rear.