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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.

Porsche 918 Spyder gets Martini Racing livery

The Porsche 918 Spyder hybrid supercar has been revealed in traditional Martini Racing livery, an option available to buyers. The Porsche 918 Spyder has been cropping up lately with a black and white version of the iconic Martini Racing livery as 918 Spyder Prototypes strut their stuff on Europe’s roads. But now Porsche has gone the whole hog and struck a deal with Martini to revive the Martini Racing livery used by Porsche in the 1970s for its new hybrid supercar, and buyers of the 918 Spyder will be able to option their new car up with Martini logos.

Seat celebrates 60 years of production

SPANISH car maker Seat has this week celebrated its 60th anniversary, releasing pictures dating back to its very first model, the 1400. Six decades have now passed since the first 1400 rolled off the production line, when the brand new company was inundated with 10,000 orders following the end of petrol rationing in Spain. With so much production demand Seat was able to drop the initial price of 121,875 to a more reasonable 117,000 pesetas, or what would have been about £590 at the time.