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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.

CPP announces new Jensen Interceptor

Coventry Prototype Panels is on an impressive roll. Following heady investment from its Russian investor and a passionate drive from its founder and Managing Director, Brendan O'Toole, the coachbuilding specialist has expanded rapidly over the past two years, acquiring brands and forming partnerships. The latest chapter in the ongoing development of the company aims to resurrect not only the Jensen brand, but also its most famous creation: the Interceptor.  The new car, set to publicly unveiled in late 2012, has been penned by Coventry-based design consultancies and echoes the original built between 1966 and 1976.

Jaguar to back historic-racing effort in 2012

Jaguar will return to factory-backed motorsports in 2012 with a program intended to showcase great racing Jaguars of the past in select historic-racing events. The company announced the program, dubbed Jaguar Heritage Racing, on Monday. For the first time since 1956, factory-supported C- and D-types will take to the track, gracing some of the most famous circuits in the world including Goodwood, the N