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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.

SSC Ultimate Aero II (2011) – First Photos

The SSC Ultimate Aero II (pics thanks to Jalopnik) The car world may have been in melt down for the last year or three, but some things are beyond recession. Ultimate hypercars is one, and it seems there are as many uber-wealthy people on the planet who are willing and able to indulge their desires for the best there can be as ever. Of course, we’re talking minuscule numbers of people to make the whole hypercar circus work.

Barrett-Jackson: Go for the auction, stay for the spectacle

This year marked the 10th time Barrett-Jackson has rolled into the fairgrounds in Palm Beach. The event, April 5-7, brought a record $18 million in revenue, according to Barrett-Jackson. More than 55,000 people were in attendance in the Thursday through Saturday event—that Sunday was Easter.