Wednesday, May 20, 2009

Daimler buying into Tesla Motors

Even as two of the Big 3 U.S. automakers, Chrysler and General Motors, close dealerships to stave off bankrupcty which most say is inevitable anyway, one American automaker is being aggressively pursued by a German company.
Daimler bought a 10 percent stake in Tesla Motors yesterday.

Daimler said it will share its cutting edge lithium-ion battery technology and provide a much needed cash infusion rumored to be in the tens of millions.

Tesla Motors has so far managed to reduce the price of its Roadster to just over $100,000 and promises an S series sedan with a 300 mile range and a 45-minute charge time at just $49,900 is coming soon.

Spacecraft too will benefit from technology being developed for the next generation automobile. Alternative power sources, stronger glass and body panels and even the computers used to design them each has a role to play on the car you drive and the spaceship you might fly.

1 comment:

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