May 19th, 2009 by Ross Edwards
In a press conference this morning, Daimler announced that it will be purchasing 10% of electric car maker Tesla Motors. As part of the deal, Tesla will provide battery packs to be used in electric Smart cars, according to Left Lane News. In turn, Daimler will agree to provide engineering support and possibly a platform for the upcoming Model S electric car.
Tesla has struggled to deliver cars on time and has been forced to increase the retail price of its Roadster. A partnership with Daimler, which owns Mercedes-Benz, could add some much needed stability and economy of scale to Tesla’s vehicles. The partnership could also lead to electric Benzes if the technology proves successful in the Smart and the Tesla Model S.
Tesla is planning to launch the Model S electric sedan in 2012 for the U.S. market. The Tesla Model S will sell for $49,000 and will have a 300 mile range. A quick charge for the Model S will take just 45 minutes.
Picture Via Tesla Motors.
Protect your vehicle with an extended warranty! Get a fast free quote on affordable extended warranties for used and new cars here! 
Don't forget to factor insurance costs into your research. Get accurate insurance rate information on any vehicle and shop for the best deal.
Get real price quotes from local dealerships. Don't buy a car without checking the price first! Pit dealers against each other to get the best deal possible!
{/literal}
[…] Auto Pacific has released the results of their recent survey which asked 25,000 car, truck and SUV owners whether they would recommend their vehicle to a friend or family member. This is the best test of a car’s value. Most cars are very likeable, but in order for a person to put their reputation on the line and recommend a car to their friends and family, they have to really love it. […]