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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.

Smile, You’re On Camera

A COUNCIL in east London has rolled out the first unattended CCTV enforcement system for moving traffic offences, in a bid to curb drivers from making illegal turns or stopping in yellow-box junctions. Redbridge council has placed cameras at four trouble spots, which can also catch drivers ignoring restricted access signs. Redbridge council's environment, transportation and crime committee head, Shoaib Patel, said: "The system was installed to counter the high number of drivers that were ignoring the traffic restrictions that were in place, causing severe safety hazards to pedestrians and other drivers.

Chevrolet reveals Silverado Cheyenne concept truck bound for SEMA

Even though the SEMA show is famous for the most outlandish sports cars you could imagine (and some you probably couldn't), there will be no shortage of tuned pickup trucks this year from both manufacturers and tuning houses. And one of them will be the Chevrolet Silverado Cheyenne edition. Admittedly, it's been a while since we've been treated to a serious street-performance truck from Chevrolet, and perhaps it's the GMC Syclone that comes to mind when you think of a small performance-oriented truck from one of GM's brands.