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Author Topic: Toyota, Tesla Team Up on EVs
glassman
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i would have liked to see Ford in this instead...

Toyota is teaming up with Tesla Motors to develop and build electric vehicles, and the Japanese automaker will buy $50 million worth of common stock when Tesla goes public.

Under the partnership announced late Thursday, the two companies will develop electric vehicles and components, including a Toyota EV driven by a Tesla drivetrain. Tesla Motors also will invest “a couple of hundred million dollars” retooling a shuttered Toyota factory near San Francisco to build the Model S sedan.

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Don't envy the happiness of those who live in a fool's paradise.
Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
   

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