Abu Dhabi-based Aabar Investments has purchased 40 percent of Daimler AG's stake in electric-car start-up Tesla Motors Inc, with the aim of launching a joint venture, Aabar said on Monday.
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FIrst pictures of Mercedes drop-top supercar, the SLC.
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First pictures of Mercedes drop-top supercar, the SLC.
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FIrst pictures of Mercedes drop-top supercar, the SLC.

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France will gradually phase out a scheme encouraging drivers to trade in old cars for new ones, Industry Minister Christian Estrosi said an interview on Monday.
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France will gradually phase out a scheme encouraging drivers to trade in old cars for new ones, Industry Minister Christian Estrosi said an interview on Monday.
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General Motors executives have been pressuring individual dealers to sign a statement saying they oppose legislation that would restore terminated dealerships' rights, according to a U.S. senator, a dealers group and dealer representatives.
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Bankrupt supplier Delphi Corp. said it had received no additional bids as part of a court-mandated auction that seeks to create alternatives to a previous deal reached with a private equity firm.
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GM's Bob Lutz has the guts. He's got the name. And he's got the experience.
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Distinctive appearance. A wealth of customer-friendly technology and interior appointments. Fun to drive. Now, add more power without sacrificing fuel economy to the growing list of ways to describe the Ford Flex.
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Fernando Alonso wants to set up a professional cycling team, according to Italian and Spanish reports on Monday.
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BMW is willing to supply a customer team with engines in 2010, formula one team boss Mario Theissen has revealed.
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In Part One of Auto123.com's premium SUV comparison test, the overall winner proved to be an obvious choice. However, as pointed out by many readers, we failed to include a number of worthy contenders.
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Even after a shower and a post-race debrief, Rubens Barrichello was still unhappy with his F1 employer Brawn GP as he left the Nurburgring.
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Defending NASCAR Canadian Tire Series champion Scott Steckly has won the Tide 250 at Autodrome St. Eustache on Sunday afternoon.
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Once again this past weekend, prestigious makes of the automobile industry, such as Ferrari, Maserati and Porsche were featured at the "Sommet des legends" at legendary Circuit Mont-Tremblant, Quebec.
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Sebastien Bourdais left the Nurburgring on Sunday evening intending to honour his full 2009 contract with Toro Rosso.
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After leading a good portion of the last Toronto Indy, Alex Tagliani missed out on a potential victory because of an untimely yellow flag and his boss Eric Bachelart has called on the IRL to reassess the IndyCar Series' pit closure rules.
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Originally slated to cease production in December 2009, the Chrysler Group Conner Avenue Assembly Plant -- the exclusive home of Dodge Viper production since 1995 -- will continue to build the V-10 powered sports car. Chrysler Group is no longer pursuing a sale of the Viper business assets.
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Mazda Motor Corporation has announced the completion of the new passenger car plant at AutoAlliance Thailand (AAT), a joint venture manufacturing facility with Ford Motor Company.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up