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Daimler Said to Be Selling $428 Million Tata Stake German carmaker plans to exit Tata Motors by selling its entire 5.34 per cent stake in the Indian truck and car manufacturer. The sale is expected to fetch Daimler $429 million (about Rs 1,948 crore), people close to the development said. Stuttgart, Germany-based Daimler is conserving [...]

French carmaker Renault  is in talks with German rival Daimler  and others about partnerships to cut costs as the industry tries to become more efficient exiting the downturn. the talk include a variety of technology projects and to achieve economies of scale through increased volumes, a senior executive said Thursday.  Chief Operating Officer Patrick Pelata [...]