Toyota & Tesla To Develop Electric Vehicle: Report

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By
Muhammed El-Hasan
on June 11, 2010 8:53 AM | | Comments (0) |

This arrangement could save Tesla, which is -- in terms of competition -- a very small fish in an ocean of sharks.


Tesla & Toyota (TM) To Develop EV Prototype By Year End, But Partnership Hinges On Tesla IPO

(GreenStocksCentral) Kyodo News (via Street Insider) is reporting that Toyota and Tesla will co-develop a prototype electric car by year end and this is according to Toyota sources.

It was announced on May 21st that Toyota would invest $50 million in Tesla Motors and would partner to produce the Model S electric sedan at a recently closed Toyota/GM plant in Fremont, California. It's not clear what the prototype will be, but I assume it will be a prototype of the Model S which is expected to begin selling in 2012.

Read more on Toyota's partnership with Tesla.

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This page contains a single entry by Muhammed El-Hasan published on June 11, 2010 8:53 AM.

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Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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