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Toyota ends powertrain deal with Tesla

To the surprise of no one, Toyota has announced the end of a partnership with Tesla that gave rise to the slow-selling RAV4 EV, which will be replaced by a fuel cell car next year. Toyota has said that it can't meet California's zero-emission vehicle (ZEV) mandate profitably with electric cars, but it thinks it can make money, or at least not lose so much of it, with fuel cells. Toyota signed a $100 million joint development deal in 2011 with Tesla, to build powertrains for its RAV4 EV.

Daimler raises its stake in Aston Martin to 5%, as alliance deepens

By Tim Pollard Motor Industry 04 August 2014 17:42 Daimler has raised its stake in British sports car maker Aston Martin as the Anglo-German alliance strengthens, it emerged today. The Mercedes-Benz parent company grew its stakeholding by 1% on 31 July 2014, the company confirmed. Daimler now owns 5% of Aston Martin.

Nissan sketches future compact car plans

Nissan has unveiled a sketch of a compact car that it plans to sell around the world. The carmaker released few specifics, but the vehicle will be sold in more than 150 countries and is set to launch first in Thailand in March 2010. The car will qualify as Thailand's first “eco-car,” which is a government policy to help promote energy-efficient vehicles.