Friday, May 21, 2010

Toyota, Tesla Burnish Their Images by Teaming Up

This is a very interesting article. Suddenly Tesla, the new EV auto company, becomes more believable as it gets Toyota components and an unused California auto plant!

The Japanese giant and the Silicon Valley upstart stunned everyone with Thursday's announcement that they'll work together on electric vehicles and components. Toyota will buy $50 million worth of stock when Tesla Motors goes public, and it gets a closer look at proven EV tech. Tesla gets a shuttered Toyota factory in Northern California to build the Model S sedan and expert advice on how to engineer and build a mass-market car.

Read More at Toyota Tesla Deal

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