Toyota teams up with Tesla Motors to make electric cars
TOKYO: Toyota Motor said on Friday it is to acquire a 50 million dollar stake in Tesla Motors and will jointly develop electric vehicles with the Silicon Valley firm.
Toyota and Tesla Motors, based in Palo Alto, California, “intend to cooperate on the development of electric vehicles, parts, and production system and engineering support,” they said in a joint statement.Read More »Toyota teams up with Tesla Motors to make electric cars