Daimler AG, the owner of Mercedes-Benz, has sold their 5.34% stake in the Tata Motor group, and this ends a relationship of over fifty years. The firm said that they sold their 25.6 million shares for about €300 million of cash earnings before interest and taxes. “Daimler is today in an excellent position to capitalize on the growth potential of the Indian passenger...

Daimler AG are looking to create a new partnership with Renault SA. This partnership might arrive within the next six months and it will help Daimler explain the Smart brand. Renault has already referred to Daimler as a potential partner in their development of new urban vehicles. This partnership will be similar to the BMW and Peugeot connections which saw a few new...

Reports have said that Daimler are apparently negotiating to buy a percentage in Porsche or Volkswagen. Daimler will acquire their power shares through Porsche Automobile Holding SE, and it is reported that the Porsche chief, Wendelin Wiedeking and Daimler CEO, Dieter Zetsche have been in talks since last May. Porsche recently tried a complete take over of VW...

Two very well known car automakers from Germany have decided that it’s time to team up. BMW and Daimler are the companies we’re talking about as they have teamed up with Bosch, Continental and Infineon Technologies to form an alliance that will increase anti-collision systems inside of automobiles. The joint project is called Radar on Chip or Cars...

Daimler have announced that they have acquired an equity stake of 10 percent in Tesla Motors. The two companies sealed a deal that will allow Tesla’s lithium-ion batteries and charging electronics to find their way into the first 1,000 electric Smart cars. The partnership will not only benefit the Smart car, but also allow the companies to work together...

Daimler AG, Chrysler, Cerberus and the US Pension Benefit Guaranty Corporation (PBGC) have officially come to an agreement which sates that Daimler will release its remaining 19.9% stake in the Chrysler LLC company. Daimler will write off all outstanding debts, and they have also agreed to pay $200 million into Chrysler’s pension funds account for the next...

The electric Smart ForTwo will rival the MINI E in the U.S. during 2010, but there will only be a limited amount of Smart electric cars available. There are only a few cities currently under consideration for the Smart ForTwo, and the first sales will start in San Francisco and Austin, Texas. The Smart ForTwo will then be available in more cities during the year...