Wednesday, July 15, 2009

AllCarsElectric: Investment Firm in Abu Dhabi Purchases 40% Of Daimler's Stake in Tesla

Aabar Investments of Abu Dhabi has completed their purchase of 40 percent of Daimler's stake in Tesla Motors.  The announcement was made on Monday and Aabar looks towards a future joint venture between the two companies. A few month back, Daimler surprisingly invested in Tesla .  Though the investment only amounted to a 10% stake in the ...