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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.

Amped Up! GM to hire 1,000 engineers and researchers for electric cars

General Motors will hire 1,000 engineers and researchers in Michigan for research and development of electric vehicles, CEO Dan Akerson said on Tuesday morning in Detroit. The new hires will work on batteries, electric motors and power-control technology. Akerson made the announcement at the factory that builds the 2011 Chevrolet Volt.

Mercedes-Benz announces record sales for its AMG division

Meanwhile, AMG has announced that 2013 was the most success year in the firm's history with a total of 32,200 sales thanks in part to the success of the new A45 AMG and CLA45 AMG. The announcement marks the first time Mercedes-Benz has officially confirmed annual sales figures for its AMG division. AMG's 2012 sales were believed to be around 20,000.