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To fund electric vehicles, Daimler sells $2.7b of shares to Abu Dhabi gov't

Daimler is casting a wide net to make progress on the 10,000 electric vehicles it wants to sell by 2012. The company partners with Evonik for the development and manufacturing of automotive lithium ion batteries and is looking for another partner to join that project. Daimler is also working with Tesla Motors on the smart ed. The latest from the German company is the sale of $2.7 billion worth of shares the Abu Dhabi government in order to fund electric vehicles an develop composite materials to use in vehicles. Aabar Investment, the ... Read more →

Tesla vs camels: Showdown in the desert Domenick Yoney

The tight grip that camels have traditionally held on oil-free driving in the sandy lands of the United Arab Emirates may be loosening. Although those iconic ships-of-the-desert have long held sway ...

Lamborghini flown from Qatar to London and back... for an oil change Jeremy Korzeniewski

In a virtual slap to the face of eco-friendly drivers worldwide, a wealthy Sheikh went to the trouble of shipping his oddly-hued Lamborghini from Qatar to London and back... for an oil change. That ...

Qatar starts exporting GTL fuel but won't use it locally Sam Abuelsamid

The Oryx gas-to-liquid (GTL) plant in Qatar started exporting its output about a month ago but the Energy Minister Abdullah bin Hamad al-Attiyah says the tiny Persian Gulf state has no intention of ...

OPEC production cuts send a message to the oil market Derrick Y. Noh

With all the talk and rumors over the last month, we expected to see OPEC cut oil production by 1 million barrels per day. However, according to Reuters, Friday's announcement of the deeper than ...

To fund electric vehicles, Daimler sells $2.7b of shares to Abu Dhabi gov't 7 months ago on Autoblog Green

Daimler is casting a wide net to make progress on the 10,000 electric vehicles it wants to sell by 2012. The company partners with Evonik for the development and manufacturing of automotive lithium ion batteries and is looking for another partner to join that project. Daimler is also working with ...

Tesla vs camels: Showdown in the desert 9 months ago on Autoblog Green

The tight grip that camels have traditionally held on oil-free driving in the sandy lands of the United Arab Emirates may be loosening. Although those iconic ships-of-the-desert have long held sway for those who did not want to be beholden to oil companies, vehicles from Tesla Motors may soon begin ...

Lamborghini flown from Qatar to London and back... for an oil change 1 year ago on Autoblog Green

In a virtual slap to the face of eco-friendly drivers worldwide, a wealthy Sheikh went to the trouble of shipping his oddly-hued Lamborghini from Qatar to London and back... for an oil change. That is 3,250 miles each way, or about the total distance likely traveled between oil changes in the first ...

Qatar starts exporting GTL fuel but won't use it locally 2 years ago on Autoblog Green

The Oryx gas-to-liquid (GTL) plant in Qatar started exporting its output about a month ago but the Energy Minister Abdullah bin Hamad al-Attiyah says the tiny Persian Gulf state has no intention of using the fuel locally. The GTL fuel needs to be blended with other fuels to make it usable and the ...

OPEC production cuts send a message to the oil market 3 years ago on Autoblog Green

With all the talk and rumors over the last month, we expected to see OPEC cut oil production by 1 million barrels per day. However, according to Reuters, Friday's announcement of the deeper than expected cut of 1.2 million barrels seemed to send an intended message to buyers on the oil market: if ...


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