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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.

SRT Viper combines Time Attack package with Anodized Carbon look

SRT has just debuted a very special Viper at the New York auto show, combining the Time Attack Group with the exclusive Anodized Carbon Special Edition package. Just 50 examples of the of the SRT Viper Anodized Carbon Special Edition package will be made, with just 10 models carrying the Time Attack Group package. Like a number of special editions from Chrysler, this model emerged due to customer demand, with Chrysler taking the functional chassis and aerodynamic parts from the Viper Time Attack Special Edition and making them available in the GTS price class.

Jaguar/Land Rover sale 'deadline set for July 2007'

By Jamie Butler Motor Industry 09 July 2007 11:28 Potential buyers circling Jaguar and Land Rover have until 19 July to table a bid, it was revealed at the weekend. Ford is preparing to sell both luxury car makers together, although it may consider bids to buy them separately. It is thought that the most likely buyers are private equity investors, as several car manufacturers have already publicly declined the offer to buy the historic brands.