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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.

BMW 520d EfficientDynamics (2011) first official pictures

Company car choice will be made even more difficult in September 2011 with the launch of BMW’s new 520d EfficientDynamics saloon with some extraordinary economy and CO2 emissions figures of 119g/km and 63mpg. BMW 520d EfficientDynamics: how it’s so clean The 520d ED is fitted with a longer final drive ratio to reduce revs at motorway cruise speeds, low-drag alloy wheels and low-rolling resistance tyres on top of the standard 520d equipment. Most Fives already have stop-start and an Optimum Gear Shift Indicator to let the driver know when the most efficient time is to change gear.

General Motors names Ewanick global chief marketing officer

General Motors, looking to accelerate its push into major markets worldwide, tapped U.S. marketing chief Joel Ewanick to become global chief marketing officer--a new post. "As we continue our rapid growth in major global markets, it is important that we take a more customer-focused view of our overall marketing strategy," GM CEO Dan Akerson said in a statement today.