When I think of Daimler AG (formerly Daimler-Benz/DaimlerChrysler), I think of Karl Benz – recognized as the inventor of the automobile (patented in 1886). When I think of Tesla Motors, I think of a company that has extreme potential to make a significant contribution during the electric car revolution. When you put the company that invented the automobile with the company that is revolutionizing the automobile, good things could happen.
On May 19th, Daimler AG acquired almost a 10% equity in Tesla Motors. See the full press release HERE. With Daimler’s global connections, this will most likely expedite the mass production of electric cars.
What do you think? Will alliances help the mass release of the electric car?