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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 launches heritage-collection clothing line

If a Honda Accord or Civic, or maybe even a Goldwing motorcycle, isn't enough of a fashion statement for you, Honda has a new line of clothes rolling out this spring. The Honda Heritage Clothing Collection debuted with a launch party and fashion show this week in Los Angeles. Capitalizing on the vintage T-shirt trend, Honda's new collection includes tees, shop shirts, shrunken sweatshirts and tote bags branded with graphics inspired by the carmaker's logos and advertising campaigns of the 1960s, '70s and '80s.

L'argus European Design Competition 2004 announced

French magazine L'argus de l'automobile has launched its 3rd European Design Competition , with the theme: "Imagine the convertible utility vehicle" The competition has been run since 2002, asking students at European design schools to design original utility vehicles. The 2003 competition recieved more than 350 submissions from students of Europe's best schools of art and design. This year there are two major new features: extension of the competition to design students in the new European Union countries, and greater freedom for entrants, with a theme allowing more room for creativity.