Abu Dhabi-based Aabar Investments has purchased 40 percent of Daimler AG's stake in electric-car start-up Tesla Motors, with the aim of launching a joint venture, Aabar said on Monday. In May, Daimler acquired an equity interest of just under 10 percent in Tesla, San Carlos, California, automaker of the all-electric Roadster, several of which are pictured here. Tesla is one of the biggest players in the burgeoning electric-car sector, while Aabar is viewed as a spearhead investor for the emirate of Abu Dhabi in non-energy assets. “This investment allows Daimler and Aabar to leverage their shared interest in the development of low-CO2 drive systems,” the companies said in a statement. In March, Aabar purchased a 9.1
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Arab Group That Invests Oil Money Buys 40 Percent of Daimler’s Stake in Tesla
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