Yesterday’s vague Japanese media reports proved right this morning, as Nissan Motor Co. announced it will purchase a 34 percent controlling stake in scandal-plagued Mitsubishi Motors.

Taking advantage of Mitsubishi’s reduced market value following the company’s admission of cheating on Japanese fuel economy tests, Nissan’s 237 billion yen ($2.2 billion) bulk buy of shares makes it the automaker’s largest shareholder.

It’s a big win for Nissan, which can take credit for exposing the gas mileage scandal less than a month ago. (Read More…)

Were you hoping BMW and Tesla would join forces for the future of electrification? Not so fast.

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A group of eight automakers are collaborating with 15 utility companies in the United States to give PHEVs and EVs the ability to communicate with the latter party and the grid through cloud computing.

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A combination of one research institute, eight automakers and 15 utilities are working together to create a smart grid charging platform for PHEVs.

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Daimler and BMW just announced a collaboration to help speed up development for wireless charging of both EVs and PHEVs, with the former’s Mercedes S500 PHEV as the test subject.

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