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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.

British Grand Prix Qualifying: Rosberg on pole for Mercedes – Hamilton 6th

Nico Rosberg (pictured) takes pole for 2014 British Grand Prix at Silverstone Nico Rosberg has taken pole position for tomorrow’s 2014 British Grand Prix at Silverstone, but team mate Lewis Hamilton made a complete mess of final qualifying and will start 6th in the race. Hamilton decided that his final run wasn’t quick enough and aborted it because he was a bit down in the first two sectors, but the rest of the track had dried out more, and if he’d carried on with his lap he would have almost certainly have taken pole. Behind Rosberg, Sebastian Vettel put his Red Bull in second place and McLaren’s Jenson Button took third followed by Nico Hulkenberg in the Force India and Kevin Magnussen in the second McLaren.

Toyota recalls another 2.17 million U.S. vehicles

Toyota Motor Corp. said Thursday it will recall 2.17 million Toyota and Lexus vehicles in the United States to inspect and repair accelerator pedals that may get trapped in floor mats or carpeting. The automaker said more than half of the recalled vehicles--1.54 million units--are being added to a giant 2009 recall to inspect and repair accelerator pedals that may get trapped in floor mats.