Daimler restructures cooperation with Tesla; termination of share-price hedging and sale of 4% stake
Green Car Congress
OCTOBER 21, 2014
'Daimler AG has restructured its cooperation with Tesla Motors. Daimler has terminated the share-price hedge it initiated in 2013 and has sold its stake in Tesla of approximately 4%. The cooperation between the partners on the automotive projects is unaffected. Development work for the Mercedes-Benz B-Class Electric Drive ([link] is completed, and the partnership with Tesla remains in place, Daimler said.
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