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UPDATE 1-Daimler sees $780 million windfall from sale of Tesla stake

2014-10-22 03:13:11| Automakers - Topix.net

Daimler AG said on Tuesday it would book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors Inc . The stake sale comes as a surprise, even though the Stuttgart-based maker of Mercedes-Benz cars insisted that a technological cooperation deal between the two carmakers remains unchanged.

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Daimler sees $780 million windfall from sale of Tesla stake

2014-10-22 00:39:14| Auto Dealers - Topix.net

Daimler AG on Tuesday said it would book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors Inc. A cooperation agreement to supply Mercedes-Benz cars with Tesla battery technology will remain unaffected by the sale, Daimler CEO Dieter Zetsche said in a statement . The sale of Daimler's stake in Tesla will result in a cash inflow of around $780 million, boosting earnings before interest and taxes by a similar amount for 2014.

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Michigan bans direct electric car sales by Tesla

2014-10-21 20:39:49| Auto Dealers - Topix.net

Governor Rick Snyder today signed bipartisan legislation aimed at discouraging Tesla Motors from selling its electric cars directly through company stores. House Bill 5606, sponsored by state Rep. Michigan bans direct electric car sales by Tesla DETROIT -- Governor Rick Snyder today signed bipartisan legislation aimed at discouraging Tesla Motors from selling its electric cars directly through company stores.

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Tesla CEO Elon Musk Says Franchised Dealers Might Come, Sometime, One Day

2014-10-21 16:45:45| Auto Dealers - Topix.net

Tesla Motors' company-owned stores have provoked a bitter response from state auto-dealer associations, who view them as a threat to traditional franchised dealerships. In a recent interview with Autoline Daily , Musk hinted that Tesla itself may augment its existing network of stores with franchised dealerships as production of its electric cars grows.

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Snapchat Ads; Michigan May Ban Tesla Direct Sales; Iron Man Prosthetic

2014-10-20 18:04:31| PC Magazine Software Product Guide

From Snapchat ads to a possible ban on Tesla direct sales in Michigan, here's what you missed over the weekend.

Tags: man sales direct ads

 

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