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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.
Lexus CT 200h – the Lexus LF-Ch concept that was
Fri, 12 Feb 2010The Lexus CT 200h will debut at Geneva next month Update: 26th Feb: Lexus has now done the full Geneva reveal of the Lexus CT 200h Lexus did threaten when they brought the LF-Ch concept to the Frankfurt Motor Show in all its goldness that the future for Lexus was hybrids. And despite the less than universal praise the LF-Ch concept received for its looks ‘only a mother could love’ we’re going to get the production version at Geneva next month – the Lexus CT 200h. Lexus are calling the CT 200h “…the first full hybrid vehicle in the premium compact segment” and want us to think of the CT 200h as a big car with all the luxuries you would expect, but in a smaller package and kind to fluffy bunnies.
GM may extend Saab deadline, report says
Tue, 29 Dec 2009General Motors is prepared to wait beyond the end of this week before deciding on the future of Saab as it reviews remaining bids, Bloomberg News reported. The news agency quoted Saab board member Paul Aakerlund as saying that if there is a bid that GM finds sufficiently interesting, then GM's Dec. 31 decision to wind down its Swedish unit "is not a date that's holy.” Aakerlund said GM told Saab last week that it would wind down Saab and simultaneously continue talks with bidders about a sale, said Aakerlund, who also heads the IF Metall union at Saab.