Tesla Roadster Production extended Till 2013
Toyota's Reaction to Safety Concerns - Another 'Tiger Woods' level disaster?
Toyota Faces Second Big Recall-Related Fine
BMW Unveils Hybrid Electric Sports Car
Green Going Public? What to keep your eyes on when Investing
China High Speed Train to Travel at 600+ MPH
U.S. opens investigation on Toyota Prius Brake Problem posing safety hazard
Solar Industry to Face Solar Waste Recycling Issues
Diesel popularity has increased - chosen by 30% if offered the option
Toyota Used Car Sales Still Strong Despite Challenges
PG&E Tests Smart Meters to prove not Overcharging California Consumers
SolarWorld To Add Module Assembly in Its Hillsboro Facility
Soladigm Electrochromic Windows Cut Cost through Glass Tinting
Car Manufacturers draw on ARRA funds to develop next generation Electric Vehicles
Toyota Recalls Nearly Half a Million 2010 Prius Hybrids
Toyota Teams with Tesla on Electric Vehicle Production
In a joint press conference this week, Toyota announced it will invest $50 million in Tesla Motors to collaborate on the manufacture of the Telsa Model S sedan. Governor Arnold Schwarzenegger announced that the NUMMI factory located in Fremont, CA, will be reopened and will receive a sales tax abatement equivalent to $20 million on capital expenditures to get the manufacturing plant 'tooled up' to produce 20,000 electric vehicles by 2012. The factory, which was the only unionized North American Toyota plant before being shut down last year, will re-hire about 1,000 previous employees, but union representation issues have yet to be addressed.
Elon Musk, CEO of Tesla Motors, says the collaboration with Toyota will solve many of their logistical problems because they will now have access to Toyota's assembly line methods and can order components from their suppliers.
The choice of location came as a shock to Downey, CA, who was just hours away from signing the lease. Councilmember Mario Guerra stated that "Tesla has been extremely disingenuous in their dealing with Downey and I now have new appreciation as to why America is fed up with many large corporations."
Recommended for Further Reading:
- Tesla Roadster Production extended Till 2013
- Toyota's Reaction to Safety Concerns - Another 'Tiger Woods' level disaster?
- Toyota Faces Second Big Recall-Related Fine
- BMW Unveils Hybrid Electric Sports Car
- Green Going Public? What to keep your eyes on when Investing
- China High Speed Train to Travel at 600+ MPH
- U.S. opens investigation on Toyota Prius Brake Problem posing safety hazard
- Solar Industry to Face Solar Waste Recycling Issues
- Diesel popularity has increased - chosen by 30% if offered the option
- Toyota Used Car Sales Still Strong Despite Challenges
- PG&E Tests Smart Meters to prove not Overcharging California Consumers
- SolarWorld To Add Module Assembly in Its Hillsboro Facility
- Soladigm Electrochromic Windows Cut Cost through Glass Tinting
- Car Manufacturers draw on ARRA funds to develop next generation Electric Vehicles
- Toyota Recalls Nearly Half a Million 2010 Prius Hybrids
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[...] is investing $50 million in Tesla with the intent of co-producing electric cars. This marks a change for the huge automaker, which until recently had expressed doubts about the [...]
Toyota Teams with Tesla on Electric Vehicle Production « Cars ...: In a joint press conference this week, Toyota a... http://bit.ly/9drQdr