Wednesday 15 September 2010

Aabar charges up electric car industry - The National Newspaper

Aabar Investments, a global investment company owned by the Abu Dhabi Government, is at the centre of two deals that are expected to be a shot in the arm for the fledgling electric-car industry.

Tesla Motors, in which Aabar holds a stake of 3.63 per cent, has teamed up with Toyota to develop a battery-powered version of the RAV4 sport utility vehicle.

Meanwhile, the German luxury car maker Daimler, in which Aabar holds a 9 per cent stake, is to join forces with Renault and Nissan to produce electric cars."

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