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1 Up Down	REPORT: Daimler sells 4% of Tesla to Middle East investment fund just two months after acquiring it Posted by AutoBlogGreen 1 year 18 weeks ago - Tags: Transportation Login to post comments - Made popular 1 year 18 weeks ago
Tesla Roadster - Click above image for high-res gallery Just two months after buying 9% of Tesla Motors, Daimler has reportedly sold nearly half of that stake. According to Reuters, a 4% percent of the electric car startup is now owned by Aabar Investments, an Abu Dhabi-based investment fund. In a way, the stake is still in the family, since Aabar already bought 9.1 percent of Daimler's stock earlier this year. At the time of its original investment, Daimler and the fund indicated an intention to pursue joint projects in low emissions transportation. Aabar has indicated it would be interested in pursuing some kind of joint venture with Tesla. The fund is controlled by the Abu Dhabi government and managed by the International Petroleum Investment Company with the intent of diversifying beyond oil. Gallery: Jason Calacanis' Tesla RoadsterPhotos copyright (C)2009 Drew Phillips / Weblogs, Inc.[Source: Reuters]Filed under: EV/Plug-in, Tesla Motors, Middle EastREPORT: Daimler sells 4% of Tesla to Middle East investment fund just two months after acquiring it originally appeared on AutoblogGreen on Mon, 13 Jul 2009 12:40:00 EST. Please see our terms for use of feeds.Read | Permalink | Email this | Comments . Full story @ autobloggreen.com
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