Toyota Tesla Team Up on EVs Autopia Wired com

9 Июн 2014 | Author: | Комментарии к записи Toyota Tesla Team Up on EVs Autopia Wired com отключены
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Toyota, Tesla Team Up on EVs

is teaming up with Tesla to develop and build electric and the Japanese automaker will buy $50 worth of common stock Tesla goes public.

the partnership announced late the two companies will develop vehicles and components, including a EV driven by a Tesla drivetrain. Motors also will a couple of hundred million retooling a shuttered Toyota near San Francisco to build the S sedan .

The partnership gives which until now has shown public interest in EVs access to EV technology and gives Tesla a course in engineering and building a car. That expertise serve Tesla well as it to build the Model S, a car it keeps to have on the road in 2012.

This seems like a deal for both parties, Toyota, from being to avoid the political fallout shutting (the California down to being able to a new electric vehicle with a low initial investment cost, Anwyl, CEO of Edmunds.com, told the San Mercury News .

Toyota Akio Toyoda, speaking the announcement at Tesla headquarters in Alto, California, said he the Silicon Valley firm s spirit and believes Tesla has a lot to Toyota about quick and flexibility.


“Decades ago, was also born as a venture Toyoda said, according to News . By partnering with my hope is that all Toyota will recall that business spirit, and take on the of the future.”

What Toyoda didn t but the Times notes in an excellent is Toyota finally realizes EVs are for and is scrambling to catch up with the Leaf and the Chevrolet Volt. of which go on sale at the end of this Toyota has bet the farm on hybrids the Prius, and while it isn t giving up on propulsion, it clearly has been by Nissan and GM. That s almost why Toyota will build an vehicle using a Tesla Tesla CEO Elon Musk the San Francisco Chronicle that car is to hit the market before the Model S.

With the deal, Tesla has a place to build the Model S, is keeps saying will hit the in 2012. The company was widely to set up shop in an old NASA facility in the Los suburb of Downey. Instead it move into the New United Manufacturing Inc. factory in California.

NUMMI was until year a joint venture in 1983 1984 between and General Motors. At its peak the employed 5,700 people. The car a red Toyota Corolla rolled off the in April, bringing to nearly 8 the number of vehicles built

Tesla CEO Elon Musk his company was interested in NUMMI it already has extensive tooling will buy the company some as it rushes to produce the Model S. said negotiations concluded and Tesla will be occupying a corner of the factory, which on 380 acres and cranked out 400,000 in 2006. He said Tesla employ 1,000 people at the The United Auto Workers, represented NUMMI workers the plant shut down, is Tesla to rehire those who their jobs when closed.

Musk did not disclose what the paid for the factory. The purchase was possible through a $465 loan from the Department of .

The Toyota deal comes as prepares an initial public of stock that it hopes raise $100 million. The has lost more than million since its founding in Tesla says it already has reservations for the car and plans to build annually.

Still, for all the buzz Tesla can it has so far delivered only about cars, and the odds it can deliver the S by 2012 looked long There is still a lot of work to be and the timeline leaves no room for But having Toyota in its corner is a for Tesla.

When an established decides to partner with one of newcomers, it considerably increases probability of success. It would them manufacturing know-how and to a distribution network, Xavier a senior partner with Consulting Group, told the Los Times .

The Toyota deal was one year to the day after Daimler nearly 10 percent of Tesla in a reportedly worth $50 million.

UPDATED 10 p.m. Eastern: info on the deal and the factory, on Tesla s IPO plan and background on s investment.

UPDATED 10 a.m. May 22: More info on the deal.

Elon Musk unveils the S last year

Jim Merithew /

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