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Tesla and Toyota team up

post #1 of 3
Thread Starter 

Some very interesting news today.

 

 

Quote:

 Toyota Motor Corp said it would take a $50 million stake in U.S. electric carmaker Tesla Motors, a move that gives the Japanese automaker a chance to repair its dented public image and vaults the California start-up on to the world stage.

 

The two companies said on Thursday they would cooperate on the development of electric vehicles, parts and production system. Separately, Tesla will take over a plant Toyota closed in the San Francisco area and build its upcoming all-electric Model S sedan at the site from 2012.

 

Pretty sweet deal.  Toyota gets a little bit of EV cred, while Tesla gets $50 million and a Bay Area factory to build the Model S.  The factory is capable of churning out 400,000 cars per year, but Tesla will only start out making 20,000, so it also gives them plenty of room for growth.

post #2 of 3

I was super excited to see this today, especially when I heard that they are doing it by reopening the NUMMI auto plant in Fremont where Toyota and GM partnered together in one of the greatest stories in American automaking history IMHO. You should really listen to the This American Life story about the NUMMI plant. I was amazed, and it brought tears to my eyes in several parts.

post #3 of 3

There's a push from some groups to get them to continue making hybrids there, as well.  Try to run the plant at close to its former capacity and keep jobs in the area.  I hope they go along with it, but this partnership is a great thing for starters.

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