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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.
Japan's Toyota Prius Cup showcases hybrid car
Mon, 02 Feb 2009With steely stares and clenched hands, the drivers peer from their crash helmets as the race marshal slowly raises the green flag. Then the flag drops. And they're off!
McLaren unleashes its new round of MP4-12C test prototypes
Tue, 23 Feb 2010The finish line is in sight for development of the next McLaren supercar, the MP4-12C. The project has entered the final phase of testing with a new round of prototypes that feature significant advancements from last year. McLaren released film on Tuesday of two versions of the new testers, called the XP8 and the XP10, which it says are in the "beta phase" of development.