CNNMoney (Valdes-Dapena) - Tesla Motors will produce electric Rav4 crossover SUVs for Toyota Motor Co. beginning in 2012, the two companies announced Friday. Toyota announced in May that it planned to invest $50 million in Tesla Motors upon the completion of the electric car maker's initial public offering, which took place on June 29.A fleet of electric Rav4 prototypes will be delivered later this year, the two automakers said. The first prototype has already been built, the automaker said, and is undergoing evaluation. "Tesla seeks to learn and benefit from Toyota's engineering, manufacturing, and production expertise, while Toyota aims to learn from Tesla's EV technology, daring spirit, quick decision-making, and flexibility," the automakers said in the joint announcement.
Posts
No comments:
Post a Comment