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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.

Ferrari to show Enzo replacement to a select few by the end of the year

Ferrari will show the replacement for the Enzo supercar to a select group of current and potential customers at the end of 2012, Ferrari Chairman Luca Cordero di Montezemolo said. “We want to surprise people not just in terms of price but also with the car itself,” Montezemolo told Automotive News Europe on the sidelines of the Geneva motor show last week. Ferrari has not decided when the new limited-edition model will make its public debut.

Local Motors Active Lifestyle Vehicle Challenge winner announced

The winner of the first Local Motors Active Lifestyle Vehicle Challenge has been revealed as John Bukasa, who won $1,500 for his CLIMAX design. This was the first contest held as part of the annual Lifestyle Vehicle of the Year awards – which are in their tenth year – hosted by Carspondent, which celebrates the cars that best cater for people leading active lives. The brief challenged designers to develop a concept that enhances its owner's performance as an athlete or active adult/family.