Mercedes-Benz parent Daimler AG will invest more than seven billion euros, or $8 billion, on green powertrains over the next two years – about half of its total R&D budget — the automaker said today. That will cover a wide range of hybrids, plug-ins, clean diesels and an all-new, pure battery-electric “architecture,” reports TheDetroitBureau.com.

Source:: The Detroit Bureau