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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.

Rolls-Royce Ghost (2009) prices and performance announced

By Tim Pollard First Official Pictures 21 July 2009 09:46 Rolls-Royce today confirms the full spec of the new ‘baby Rolls’, the Ghost. Although the final production car hasn’t yet been revealed, the prices, performance and other tech figures have now been made public. The Ghost, which is being shown at the 2009 Frankfurt motor show for the first time (the first four pictures are of the 200EX concept car, only the fifth, teaser photo is of the real production car), will be powered by a 563bhp 6.6-litre turbocharged V12.

Vauxhall, Opel, Pegueot, Citroen merger talks fail

Talks between GM Europe and PSA (Peugeot Citroen) have failed as a French government bailout for PSA looks imminent. When we reported in March that G.M. Europe (Vauxhall and Opel) has signed an agreement with PSA (Peugeot Citroen) to cut costs and share platforms we thought it a pointless gesture; the savings, compared to the huge losses, were minimal.