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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.
Toyota Prius V
Tue, 11 Jan 2011Toyota is keen to expand the Prius brand. The company will introduce a multitude of variants in the coming years and the Prius V, unveiled at the 2011 NAIAS, is the first expansion to the family. Retaining the familiar Prius features, the V simply sharpens up elements over the existing sedan.
Citroen DS 5LS: Big luxury Citroen saloon for China
Mon, 23 Dec 2013Citroen DS 5LS: Big luxury Citroen saloon for China Citroen has never really had much success, at least not in recent years, with big, luxury saloon cars. But it’s having another go with the Citroen DS 5LS, a large luxury saloon based on the Citroen DS5 hatch. But the DS 5LS isn’t a car aimed at world markets, but one Citroen has conceived and is building for the car market in China where big luxury saloons – with plenty of room in the back – are much in demand.