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Daimler AG has announced that is sold 5.34% of the stake in Tata Motors. The German company has raised more than $400 million for the shares it did not want to hold any more.
BYD is the Chinese battery and EV specialist which has recently decided to form a joint venture with the German Daimler AG. Although the companies are going to work together on many projects, Chinese media has announced that BYD is not planning to share its core technology on lithium-ion batteries and EV systems with the partner.
In the last weeks almost every American has heard and discussed the problem of Toyota vehicles that have to be recalled because of “unintended acceleration”. The Japanese manufacturer is suffering losses in sales and reputation of a company that builds safest cars, but there are many questions to be answered about this whole deal.
Many manufacturers are trying to create the best eco-friendly cars, this is why each auto show is full of hybrids, electric cars, bio-fuel and low emission technologies, and things alike. Fiat is preparing a stand at the 2010 Geneva Auto Show with two eco-projects: the Doblo Natural Power van and Twin-Air two-cylinder engine.
General Motors does not have much luck with the brands it was going to sell. From the very beginning the manufacturer did not have much hope for any future of Pontiac and the brand was completely eliminated. Saturn/Opel had several potential buyers, but the deals were not successful as GM thought, so it still belongs to the American company.
Although they are making it illegal to type and send text messages while driving, many people are not going to stop doing so. It is hard to enforce this law; this is why researchers start working on some technologies which could make texting easier and less distractive.
In the light of the recent mega-recalls Toyota started losing sales. In order to slow down the production, the manufacturer has decided to close two U.S. plants for an indefinite time till things clear up for the company.
The Tokyo based tuner Modellista that usually works with Toyota vehicles has upgraded a whole lineup for the auto manufacturer. The sedans with the proud name “Crown” are ready to go to Japanese customers only.
Opel is planning to bring an EV concept to the 2010 Geneva Auto Show. The company says this is the symbol of their “vision of future mobility”. The drivetrain of the concept is based on the 2011 Chevrolet Volt system.
Racing cars have their specific requirements and manufacturers have to follow them if they want to build an auto that qualifies for the competition. Indy Racing League has announced the formula for the next-generation racing cars on February 4.