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Why Did Daimler Sell Its Stake in Tesla?

2014-10-26 14:09:53| Automakers - Topix.net

With fewer than 200 units of the Mercedes B-Class sold through September, the German luxury automaker would not appear to be a competitor for Tesla Motors in the electric vehicle space. However, Tesla's ambition as a car company expands beyond the EV industry, and Mercedes parent Daimler AG brought the company's relationship as constructed to a close with the sale its 3.9% stake in Tesla , Bloomberg reports.

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Daimler restructures cooperation with Tesla; termination of share-price hedging and sale of 4% stake

2014-10-24 11:55:14| Green Car Congress

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Toyota sells some Tesla shares, report says

2014-10-24 06:19:44| Automakers - Topix.net

Toyota Motor Corp. has sold some of its shares in U.S. electric vehicle maker Tesla Motors Inc., the Nikkei financial newspaper reported. Toyota invested $50 million in Tesla in May 2010, ahead of the company's initial public offering in June that year.

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Michigan Bans Tesla Direct Auto Sales

2014-10-23 00:01:55| Auto Dealers - Topix.net

Michigan this week became the latest state to ban direct consumer sales of cars by auto manufacturers, a move essentially directed at Tesla Motors, though the new law doesn't specifically name the electric vehicle maker. Keeping to a Tuesday deadline , Governor Rick Snyder signed a bill prohibiting automakers from selling vehicles directly to retail customers other than through franchised dealers.

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Daimler AG Sells 4-Percent Stake In Tesla For $780-Million; Shares Fall

2014-10-22 04:33:23| Auto Dealers - Topix.net

CBS San Francisco Connect With Us At KPIX 5 PROGRAM GUIDE: KPIX 5 TV Schedule WATCH: A Glimpse Inside The Working KPIX 5 Newsroom Breaking News Send news tips, video & photos, and video to the KPIX 5 [...] CONNECT WITH KCBS Welcome to KCBS All News 740AM & 106.9FM on CBSSanFrancisco.com! LIKE KCBS Radio On Facebook: KCBS is the Bay Area's only all news station, serving listeners with local, national and world news around the clock, [...] PALO ALTO - Daimler AG says it has sold its 4 percent stake in electric car maker Tesla for $780 million. The Germany-based parent of Mercedes-Benz says its partnership with Tesla Motors Inc. is unaffected.

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