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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.

Chevrolet expanding into South Korea

Chevrolet, the most famous and best-selling General Motors brand, will expand into South Korea in 2011, the automaker said on Wednesday. Enthusiasts in South Korea are in for a treat: At the Busan International Motor Show where the announcement was made, Chevy showed a Camaro, which will be one of the products offered. Last year, Chevy accounted for 44 percent of GM's global sales and saw a sales increase of 21 percent over the previous year.

Detroit Motor Show 2008 A-Z

By Tim Pollard Motor Shows 16 January 2008 03:51 Don't miss an unveil at Detroit with our handy A-Z of all the key cars. CAR Online is reporting from America's biggest car show this week - the North American International Auto Show in Detroit. If you want the definitive CAR view on all the news, gossip and trends at the show, be sure to come back to our handy A-Z of all the stories.