As part of an increasingly close partnership, Mercedes-Benz parent company Daimler is reportedly preparing to increase its stake in Aston Martin by another one percent, bringing the German automaker's shares in the British company up to five percent.
California dreamin'? Well, for Ohio-based Amp Electric Vehicles, wishes for some much-needed funding came true courtesy of one Golden State private-equity firm. Amp has announced it has received a $7.5 million investment from Orange County, CA-based Kodiak Capital Group. The funds will allow Amp to further expand its EV-fleet production.
WARNING to electric carmakers and lithium ion battery manufacturers: it's suggested you stay away from taking equity stakes in each other's companies. Practicing this type of electric-vehicle keiretsu could lead to harikari.