Daimler AG (DAI) Wants More Business From Tesla Motors Inc (TSLA)

Posted Oct 31, 2013

Daimler AG (ETR:DAI) wants to expand their business with Tesla Motors Inc (NASDAQ:TSLA) said the Daimler CFO Bodo Uebber.  Tesla currently supplies electric motors and batteries to Daimler for their Smart ForTwo EV and the new Mercedes-Benz B-Class EV that is going for sale next year in the U.S. and Europe.

“I told my guys, go back to Tesla and look for other opportunities,” said Uebber.

“We want to look for more cooperation,” added Uebber in a press briefing.

Daimler has a 4.3% stake in Tesla Motors Inc (NASDAQ:TSLA).  Tesla also supplies EV components to Toyota.

Daimler recently launched the new CLA compact sedan and is gearing up to launch a second model next, which is a GLA compact crossover.  Daimler is also reviewing a plan for a new generation of small vehicles due in 2018.  Daimler believes that they need compact cars to get a younger customer base.

Uebber said that Daimer’s plant in Alabama will start building the redesigned C-class sedan next year along with a new SUV derivative in 2015.

[Source: AutoNews]