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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.

Mercedes SLS Electric Drive takes to the track

Mercedes-Benz turned heads at the Paris motor show with the SLS AMG Coupe Electric Drive. The cool blue supercar costs $540,000, making it Mercedes-Benz’s most expensive car in the dealership. Mercedes also took the car to the Ascari race track in Spain.

Jaguar Land Rover production in Saudi Arabia – but not for a long time

Jaguar Land Rover are mulling the idea of setting up an assembly plant in Saudi Arabia next to a new aluminium smelting plant. When you’re Ratan Tata, and you not only run one of the biggest conglomerates in the world but also the culturally British Jaguar Land Rover, the world tends to listen when you speak. So when Ratan Tata said in an interview last week with Autocar India that JLR were looking at setting up an assembly plant and press shop in Saudi Arabia, the car world woke up and declared ‘Jaguar Land Rover to build cars in the Middle East’.