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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.

VW bring Golf GTI and Polo Concepts to Wörthersee

VW has brought the Golf GTI & Polo Worthesee Concepts to the Worthersee Tour in Austria The Wörthersee Tour is in full swing in Austria, and as we told you yesterday Audi has brought along the Audi Q5 Wörthersee Concept to show off, along with a handful of its latest models. But this is a VW as well as Audi show, so Volkswagen has gone one better and brought along a pair of  Concept Cars – The VW Golf GTI Wörthersee  Concept and the VW Polo Wörthersee  Concept. The Golf GTI Concept, based on the new VW Golf GTI, comes in a dark Firespark Red and a set of mean looking black alloys.

Aston Martin takes Vantage V8 N420 out on the 'Ring

WITH VIDEO -- Aston Martin, which has made a habit of running cars at the Nurburging 24-hour race for the past five years, has taken a special-edition Vantage V8 back to the track. The V8 Vantage N420 will make its U.S. debut in August at the Pebble Beach concours.