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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.

Lexus RX 450h Advance added to RX range

The Lexus RX 450h Advance (pictured) added to the RX range Lexus has added a new version of the hybrid RX 450h to their range of offerings in the UK – the Lexus RX 450h Advance – but they’re not exactly pushing the boat out to promote it. The details we got from Lexus tell us that the Advance is based on the RX Luxury, but with the addition of extra kit and just one photo (above). Those extras amount to a new front bumper that’s half regular R and half RX F-Sport for a slightly more butch look, LED headlights and Lexus’s I-AFS auto-adaptive system that makes the lights move according to steering input.

As Winter Approaches 4x4 Values Are On The Rise

YOU know winter is here when the forecast is for rising 4x4 prices in the used market. Just like in summer when you can guarantee convertible premiums will rise faster than an electric roof, the prospect of rain, wind and snow is said to be driving up the values of sought after SUVs. According to data from British Car Auctions (BCA) the trend is already well advanced, with values in October showing a 7.3 per cent increase over September.