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• Shell sells off stake in biofuel firm Choren

  Strategy Eye - 2009-11-08

  Royal Dutch Shell is selling a minority stake in German biofuel firm Choren to remaining shareholders including Daimler and Volkswagen and a consortium of Hamburg-based investors. The firm develops biomass gasification technology and claims to be opening the first commercial biomass-to-liquids plant. The facility will begin producing synthesis gas...

  Tags: Biofuel, Volkswagen (VW), Editorial, DaimlerChrysler AG

• SK supplies batteries to Mitsubishi Fuso

  Strategy Eye - 2009-10-26

  South Korean energy and petrochemical firm SK Energy will supply batteries to Japanese commercial vehicle maker Mitsubishi Fuso Truck & Bus under a two-year deal. Mitsubishi Fuso will use the lithium-ion batteries in hybrid-electric and all-electric vehicles. Mitsubishi Fuso is 85% owned by German carmaker Daimler, with the remaining...

  Tags: Mitsubishi Corp., Battery, Mitsubishi Fuso, Engineering, Mitsubishi Fuso Truck & Bus, Editorial, DaimlerChrysler AG

• Daimler and TQEV discuss electric van partnership - Rumour

  Strategy Eye - 2009-09-16

  China-based Tianjin Qingyuan Electric Vehicle TQEV is in discussions with Daimler to develop an electric version of a van manufactured by the German car maker in China, according to Reuters. The firm is reportedly in talks with other car makers including Hyundai Motors and BAIC joint venture Beijing Hyundai...

  Tags: Hyundai, Car, Automobile Company, Partnership, Electric Vehicle, Tianjin Qingyuan Electric Vehicle, Manufacturing, Editorial, DaimlerChrysler AG

• Tesla raises USD82m for retail expansion

  Strategy Eye - 2009-09-15

  California-based Tesla Motors has raised USD82.5m in a Series F funding round led by Fjord Capital Management. Existing investors Daimler and Aabar Investments PJSC also participated in the round to maintain their combined equity stake of approximately 10%. Other investors in the round are undisclosed. The investment, which was...

  Tags: California, Electric Vehicle, Investor, Tesla, Financial Accounting, Finance, Fjord Capital Management, Aabar Investments PJSC, Editorial, DaimlerChrysler AG

• Daimler sells part of Tesla stake

  Strategy Eye - 2009-07-13

  Abu Dhabi-based Aabar Investments is paying an undisclosed sum to acquire 40% of Daimler’s stake in electric vehicle EV firm Tesla. Daimler, which invested in Tesla in May, will retain a 6% stake in the company. In March, state-owned investment...

  Tags: Stake, Battery, Electric Vehicle, Daimler, Tesla, Engineering, Aabar Investments PJSC, Editorial, DaimlerChrysler AG

• Daimler buys 10% stake in Tesla

  Strategy Eye - 2009-05-19

  German carmaker Daimler is paying a rumoured USD50m to acquire a stake of nearly 10% in California-based electric car firm Tesla Motors. As part of the deal, the pair will collaborate on developing battery and electric drive systems. The investment and collaboration builds on a partnership established in January,...

  Tags: Battery, Daimler, Engineering, Editorial, DaimlerChrysler AG

• Aabar buys USD2.6bn Daimler stake

  Strategy Eye - 2009-03-27

  Abu Dhabi-based Aabar Investments PJSC is paying EUR1.95bn (USD2.6bn) to acquire a 9.1% stake in German carmaker Daimler. If approved, Aabar will become Daimler’s largest stakeholder. The pair will cooperate on the development of electric vehicles, new materials for the car industry and a training centre in Abu Dhabi....

  Tags: Aabar, Aabar Investments PJSC, Abu Dhabi, Balance Sheets, DaimlerChrysler AG, Editorial, Finance, Financial Accounting, Financial Statements, Management, Strategy

• Fiat and Chrysler ally

  Strategy Eye - 2009-01-21

  Italian car manufacturer Fiat is acquiring a 35% stake in US carmaker Chrysler. In return Chrysler gets access to Fiat’s green vehicle technologies and distribution network outside the US. The announcement was made by Cerberus Capital Management, which owns an 80% stake in Chrysler. The company’s other shareholder, Daimler...

  Tags: Fiat, Automobile Company, Chrysler LLC, Manufacturing, Cerberus Capital Management, Chrysler, Editorial, DaimlerChrysler AG