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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.

Vettel F1 helmet sold for £72,000

A HELMET belonging to four times World Formula 1 champion Sebastian Vettel has been sold for a world record £72,000 in a charity auction. The safety gear, signed by Vettel himself, was a Red Bull-sponsored helmet by Arai designed around Germany's national colours. It was worn during the Nurburgring Grand Prix race weekend in Germany this year - where Vettel celebrated his first home victory.

Carroll Shelby, Felt Bicycles collaborate on beach cruiser

Felt Bicycles, a maker of competition bikes, and our favorite Mustang tuner, Carroll Shelby, have collaborated on a custom cruiser bike that pays homage to the classic Shelby GT350. The Shelby Cruiser will be limited in production but available worldwide for a price of $999. Designers from Felt worked with the Shelby team during every step of the process.