Abu Dhabi, the capital city of the United Arab Emirates, might be working hard to ensure that the oil-producing nation becomes more environmentally friendly--but that hasn’t stopped its state-owned utility company from selling its 7 percent stake in Californian electric automaker Tesla Motors [NSDQ:TSLA] Abu Dhabi National Energy Co. (TAQA), which is 75 percent owned by the Abu Dhabi government, said the sale earned it a profit of $113 million. Transferred to TAQA in December 2010, the 7.3 million shares were originally purchased from Tesla by the Abu Dhabi Water and Electricity...
Nissan Intends To Sell Leaf EV In The Land Of Oil
If you think that manufacturers have a hard time making EVs appeal to consumers who have got used to over a hundred years of fossil fuels, then feel grateful you aren't in Carlos Ghosn's shoes. The Renault and Nissan chief is visiting the United Arab Emirates (UAE) in the hope of establishing a...Antony Ingram