Posts Tagged ‘Toyota’
Tesla and Toyota: A New EV Team in Town
Toyota is banking on Tesla.
The world’s largest automaker is investing $50 million in Tesla once the startup goes public. Tesla bought the Fremont, Calif.-based New United Motor Manufacturing Inc. (NUMMI) plant, which Toyota shuttered in April, where the companies will work together to build Tesla’s Model S and other EVs.
The announcement was at Tesla’s Palo Alto headquarters Thursday by Toyota CEO Akio Toyoda, Tesla CEO Elon Musk and Gov. Arnold Schwarzenegger.
http://www.npr.org/templates/story/story.php?storyId=127027119
http://tinyurl.com/26e4soq