Toyota and Tesla strike $50m electric car deal

Toyota has bought a $50m chunk of Tesla By Tim Pollard Motor Industry 21 May 2010 09:15 Toyota today agreed to buy a $50 million stake in Tesla Motors, the Californian electric car start-up. The two companies plan to cooperate on electric vehicles, batteries and other EV technology. But Tesla's tiny!

Newsflash: Magna 'agrees to buy GM Europe': latest news

Latest news: what Magna's deal means for GM Europe By Tim Pollard Motor Industry 29 May 2009 19:31 Canadian parts giant Magna this afternoon struck an agreement in principle to buy stricken GM's European arm, Opel and Vauxhall. The agreement has not yet been confirmed publicly and is still in the early phase, but brings to an end an uncomfortable round of talks in the past 48 hours which saw a spat between American negotiators and European politicians, and Fiat CEO Sergio Marchionne walking away from the table.Once sealed, the deal must first be approved by the German government, which is to provide interim funding to the new owners. However, Italian car maker Fiat isn't yet totally ruled out of the running, as Magna's chief exec earlier today intimated that he could be interested in cooperation.CAR Online will update with the latest developments as they happen.

Mercedes Concept Style Coupe – Mercedes CLC to be – leaks out

Mercedes Concept Style Coupe leaks out early The Mercedes Concept Style Coupe – which previews the baby CLS Mercedes CLC – has leaked ahead of a Los Angeles reveal. We’re still not completely sure that the Mercedes Concept Style Coupe – which is due to be revealed at an event in Los Angeles later in April – will arrive as the Mercedes CLC, but it seems likely. What also seems likely is that it will go down a storm, especially if the photo above (leaked on a Croatian site) is the real deal – it looks stunning.