Daimler Partners with Startup Tesla Motors

Tesla Motors, the American automaker startup company that focuses on electric vehicles, has formed a partnership with Daimler. In the partnership, the two automakers will share information about vehicle projects, electric drive systems and battery systems. Additionally, Daimler has acquired approximately 10% of Tesla Motors.
While the exact amount that Daimler paid hasn’t been release, a few industry experts believe the amount to be in the $50 million ballpark. By partnering with Tesla Motors, Daimler hopes to be able to quickly advance in the electric car market.
Said Dr. Thomas Weber of Daimler: “Our strategic partnership is an important step to accelerate …read more