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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.

Honda CR-Z, Fit joining hybrid lineup next year

Honda is growing its hybrid lineup with the addition of the CR-Z coupe and a hybrid version of the Fit. The Japanese automaker on Monday said that the sporty CR-Z, which has been shown as a concept, will go on sale in Japan next February. The hybrid Fit is to hit the Japan market before the end of next year.

Mandela BMW for sale

A BMW 3 Series signed by Nelson Mandela as one of 10 ‘Democracy Cars’ is up for sale in the UK and expected to fetch £5000 at auction. The unique piece of South African history is for sale on 28 April at the RAF Museum in Hendon, London. Built in 2004, the silver BMW saloon was donated by employees at BMW’s factory in South Africa to mark the election of Mandela as President of the country and his earlier release from prison.