German automaker Daimler AG has announced its purchase of an almost 10 percent equity stake in US electric car start-up Tesla, an acquisition which it hopes will boost development of its future all-electric models.

Recently both companies have been collaborating on the electric charging and storage system for the upcoming smart fortwo ed, which is due [...]

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After lengthy negotiations Daimler has finally separated itself from Chrysler, with the announcement this week that the German company will return its remaining 19.9 percent stake in the struggling automaker.

Chrysler, Cerberus Capital Management (the current majority stakeholders in Chrysler) and the US Pension Benefit Guaranty Corporation came to an agreement with Daimler on Monday. The [...]

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The wealthy emirate of Abu Dhabi is reportedly in discussions with German labour unions over the potential purchase of a stake in GM’s struggling Opel brand.

According to Rainer Einenkel, head of the works council at Opel’s Bochum, Germany, plant, Abu Dhabi have raised the possibility of providing the company with a generous cash injection [...]

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While GM and Chrysler are no doubt pleased at the US Government’s approval of further short-term financial aid (think of it more as a stay-of-execution than anything else), Wall Street is reportedly hurting bigtime.

Concerns about the future of the US auto industry has driven share prices downward, with the Dow Jones Industrial Average dropping 199.92 [...]

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Struggling to sell new cars in North America and with cash reserves dwindling, Ford Motor Company is set to offload a 20 percent stake in Mazda, according to the Japanese manufacturer.

Ford isn’t looking to bail out of Mazda completely. Selling 20 percent of Mazda will still leave the cash-strapped Ford holding a 13.4 percent stake [...]

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