Daimler sells off their stake in Tesla, says they will still cooperate

Written By Aaron wislire on Wednesday, October 22, 2014 | 3:03 PM

Daimler sells off their stake in Tesla, says they will still cooperate
The 2016 Audi A4 has been spied wearing a production body.
Dressed in swirly camouflage, the model has an evolutionary design with a single frame grille that is flanked by slender headlights. Moving further back we can see longer rear doors, an integrated trunk spoiler and familiar looking taillights.
Audi has remained relatively quiet about the model but it is expected to ride on the MLB Evo platform and weigh approximately 100 kg (220 lbs) less than its predecessor.
Engine options are expected to include the usual suspects but there should also be a new plug-in hybrid variant that uses a 211 bhp (157 kW) 2.0-liter TFSI four-cylinder petrol engine and a 95 bhp (71 kW) electric motor. This could enable the sedan to travel up to 31 miles (50 km) on electricity alone.
3:03 PM | 0 Comment | Read More

Daimler sells off their stake in Tesla, says they will still cooperate

Daimler has announced they have reorganized their partnership with Tesla and sold off their roughly four percent stake in the automaker.
The move will bring in approximately $780 (€613) million and Daimler Finance board member Bodo Uebber said “We are extremely satisfied with the development of our investment in Tesla, but it is not necessary for our partnership and cooperation."
Speaking of the partnership, Daimler says it will remain intact and their cooperation on automotive projects is unaffected. Daimler Chairman Dr. Dieter Zetsche also highlighted the success of the Mercedes B-class Electric Drive and noted “Our partnership with Tesla is very successful and will be continued."

3:03 PM | 0 Comment | Read More

Chevrolet highlights the technology transfer between the Corvette C7.R & Corvette Z06

Chevrolet has released a new promotional video which highlights the technology transfer between the Corvette C7.R and the Corvette Z06.
In the clip, Corvette Chief Engineer Tadge Juechter says "This C7.R race car was developed concurrently with the Corvette Z06. We have completely broken walls between the production car's team and the race team, and you can see that technology transfer in everything about the car." Juechter goes on to highlight the similarities between the aerodynamics, materials and tires used on both models.
As a refresher, the $78,995 Corvette Z06 has a supercharged 6.2-liter V8 engine that develops 650 bhp (485 kW) and 650 lb-ft (881 Nm) of torque. It enables the coupe to accelerate from 0-60 mph in 2.95 seconds when equipped with the optional eight-speed automatic transmission.

3:02 PM | 0 Comment | Read More

Future Lamborghini SUV rendered, could actually happen in 2017

Written By Aaron wislire on Tuesday, October 7, 2014 | 5:18 AM

Future Lamborghini SUV rendered, could actually happen in 2017

The rumored upcoming crossover of Lamborghini has been virtually imagined by independent designer Rob Evans.

Looking like a Huracan on steroids, the rendered model strongly reminds us of the Estoque concept, revealed back in 2008. It features a front end in familiar Lamborghini style with massive air intakes and a V-shaped nose. The virtual SUV has also been equipped with a set of custom wheels and is towing a Huracan with the same alloys.

Reports from earlier this year have suggested the future SUV of the brand, probably named the Urus, will be manufactured at VW's factory in Slovakia starting from 2017. Sales will likely start in early 2018 at around 170,000 EUR ($207,000). Lamborghini’s first SUV after the LM002, phased out in 1993, could be offered with a hybridized V8 generating approximately 680 HP (500 kW).
5:18 AM | 0 Comment | Read More

Mercedes rules out a takeover of Aston Martin

Mercedes rules out a takeover of Aston Martin


Rumors of an Aston Martin takeover have been swirling for months but Daimler Chairman Dr. Dieter Zetsche has downplayed the possibility.

Speaking on the sidelines of the Paris Motor Show, Zetsche told Autocar the company has "no plans to increase our stake [in] or takeover” Aston Martin. The executive went on to say such a move would carry risks and could distract them from their core business.

While Zetsche didn't seem too interested in buying Aston Martin, he has previously said the company is "fundamentally open" to a deeper partnership with British luxury marque.

Regardless of what the future holds, Aston Martin and Daimler have already signed an agreement which calls for AMG to develop a bespoke V8 engine for use future models such as the next-generation V8 Vantage.
5:17 AM | 0 Comment | Read More