The heads of Tesla Motors Inc. and Toyota Motor Co. have revealed that they are teaming up to build electric vehicles at the recently closed New United Motor Manufacturing Inc. (NUMMI) auto plant in Fremont, California.
Toyotaís CEO Akio Toyoda said it will invest $50 million in the joint venture. As part of the deal, Tesla will build its Model S electric sedan and also future vehicles. The new alliance would produce a joint Toyota-Tesla car that would be a Toyota vehicle powered by a Tesla drive-train, hitting the market before the Model S.
NUMMI, which started life as a joint venture between Toyota and GM producing the Toyota Matrix and Pontiac Vibe, was closed in April, which employed 4,700 workers. The plant had been open since 1984 and it produced almost 8 million vehicles. Reopening the plant will create 1,000 jobs and some of the NUMMI workers who had been laid off will be rehired, said California governor, Arnold Schwarzenegger.
Production of the Model S will begin in 2012, but Tesla CEO Elon Musk suggested that both companies will use the plant to develop new models in parallel with the Model S.
|Toyota RAV4 EV Concept Teaser Images|
|Tesla to announce where the Model S will be built|
|Toyota and Tesla to build electric RAV4 by 2012|
|Tesla wants to increase the production of the model S|
|Tesla IPO raises over $226 Million|
|A new electric car from Tesla|
|Judge denying the request of Eberhard to be declared a Tesla Motors founder|
|Tesla Model S long wheelbase planned|
|Right hand drive Tesla Roadster launched|
|Tesla is delivering the 500th Roadster|
|Tesla Model S by T Sportline|
|Tesla Roadster Sport|
|Tesla Roadster Upgraded|
|Tesla Model S with R-Zentric Aerokit by RevoZport|
|Tesla Model S by Larte Design|
|Tesla Roadster 2007|
|Latest||Cars & News|
|2018 Buick Enclave review|
|2017 Ford F-250 XLT Super Duty review|
|2015 Audi A8 L Chauffeur review|
|2015 McLaren P1 by MSO review|
|2015 Mercedes-Benz S63 AMG Coupe review|
|2020 Porsche Macan GTS comes to fill Macan S and Macan Turbo range|
|Suzuki Jimny is set to get competition from Jeep|
|Toyota Highlander will be available in petrol only or hybrid powertrain|
|Skoda Rapid facelift was unveiled in Russia|
|McLaren 620R is the limited edition street version of the 570S GT4|