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Toyota sells off Tesla shares, too

The incredible rise of Tesla's stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler, parent company of Mercedes-Benz, ditched its four-percent stake, and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment.
The move comes as Toyota winds down sales of the RAV4 EV, which gets its batteries and electric motor from Tesla at the company's Fremont, CA factory.
"We have a good relationship with Tesla, and will evaluate the feasibility of working together on future projects," Toyota spokesperson Kayo Doi told Bloomberg via email.

Recharge Wrap-up: Renault-Nissan at COP22, BMW launches Cruise e-Bike

The Renault-Nissan Alliance has been chosen to provide a fleet of electric cars for the UN's COP22 Climate Conference in Marrakesh, Morocco. The group will provide 50 passenger EVs – the Renault Zoe, Nissan Leaf, and Nissan e-NV200 – to shuttle delegates to and from conference venues. The Alliance will also provide more than 20 charging stations to support the shuttle fleet. The group provided electric shuttles for the historic COP21 summit in Paris last year. Read more from Renault-Nissan. FCA, Iveco, and gas grid company Snam have signed an agreement to boost natural gas as a cleaner alternative fuel for Italy. Under the Memorandum of Understanding, FCA and Iveco will work together to develop CNG vehicles, while Snam will invest in CNG supply facilities like filling stations to support a growing fleet. Italy leads Europe in the amount of natural gas consumed for transport, with 1 million vehicles currently on the road. Read more at Green Car Congress. LG Chem has officially announced it will build a battery plant in Poland to the tune of about $340 million. Located near Wroclaw in southwestern Poland, the plant is expected to produce 100,000 batteries a year for 200-mile EVs beginning in 2019. The plant could help Poland in its goal to reduce pollution by introducing a million EVs on its roads by 2025. "We will turn the Poland EV battery plant into a mecca of battery production for electric vehicles around the world," says UB Lee, President of LG Chem's Energy Solution Company. Construction begins in the second half of 2017. Read more from Automotive News Europe. BMW has introduced the Cruise e-Bike. Its Bosch Performance Line electric motor provides electric assistance at speeds of up to 15 mph. The battery can be either be removed or remain on the bike for charging, which takes 3.5 hours for a full charge. "BMW aims to be the leading provider of premium mobility services, and our bicycle collection furthers that mission," says BMW Accessory and Lifestyle Manager Eric Riehle. "As we enter the holiday season, these bikes make the perfect present for those wishing for their first BMW." The BMW Cruise e-Bike costs $3,430. Read more from BMW.

2016 BMW M3 and M4 recalled for driveshaft problem

The Basics: BMW is recalling 42 examples of the 2015-2016 M3 built from May 30, 2015, to September 2, 2015; the 2016 M4 Coupe made from July 3, 2015, to September 11, 2015; and the 2015-2016 M4 Convertible manufactured from May 29, 2015, to August 4, 2015. The Problem: The company might not have filled a driveshaft slip joint with grease, and the part can potentially fail over time. If this happens, the vehicles could lose power to the rear axle. Injuries/Deaths: None reported. The Fix: BMW dealers will inspect the driveshaft and replace it as necessary. If You Own One: BMW will begin the recall on January 8, 2016. An FAQ (as a PDF) says the vehicles are still safe to drive. More Information: BMW issued two other recalls for similar models this year. An airbag problem prompted a campaign for 2,067 examples of the 4 Series Convertible in March. A fuel pump issue in April also forced repairs to the 3 and 4 Series, in addition to the 2 Series. RECALL Subject : Driveshaft Slip-Joint may not have been Greased Report Receipt Date: NOV 23, 2015 NHTSA Campaign Number: 15V782000 Component(s): POWER TRAIN Potential Number of Units Affected: 42 All Products Associated with this Recall Vehicle Make Model Model Year(s) BMW M3 2015-2016 BMW M4 2015-2016 Details Manufacturer: BMW of North America, LLC SUMMARY: BMW of North America, LLC (BMW) is recalling certain model year 2015-2016 M3 Sedan vehicles manufactured May 30, 2015, to September 2, 2015, 2016 M4 Coupe vehicles manufactured July 3, 2015, to September 11, 2015, and 2015-2016 M4 Convertible vehicles manufactured May 29, 2015, to August 4, 2015. The affected vehicles have a driveshaft with a slip-joint that may not have been filled with grease. As a result, the slip-joint may fail over time. CONSEQUENCE: If the slip-joint fails, there would be a loss of power to the rear axle and therefore the vehicle would stop moving, increasing the risk of a crash. REMEDY: BMW will notify owners, and dealers will inspect the driveshaft, replacing it as necessary, free of charge. The recall is expected to begin January 8, 2016. Owners may contact BMW customer service at 1-800-525-7417. NOTES: Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.safercar.gov.