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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.

Chrysler 300, Dodge Charger recalled to fix electric problem

Chrysler is recalling almost 120,000 Dodge Charger and Chrysler 300 sedans from the 2011 and 2012 model years to fix an electrical-system problem. The problem is with a fuse in the power-distribution center, according to the National Highway Traffic Safety Administration. If the power center overheats it could lead to a loss of antilock brakes and electronic stability control, which could lead to a crash.

Ferrari Theme Park is go

By Ben Pulman Motor Industry 05 November 2007 02:47 This past weekend the foundation stone for the Ferrari Theme Park was laid on Yas Island in Abu Dhabi – one of seven Emirates making up the UAE - along with a time capsule. Under the rule of Luca di Montezemolo Ferrari has gone from strength to strength, and having its own theme park will surely cement Ferrari’s future. The theme park will sprawl across 250,000sq m, with 80,000sq m under cover.