Toyota and Tesla Altogether for Electric Cars

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Toyota and Tesla Altogether for Electric Cars

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Toyota is one of the leading automaker of our time, despite the issues it got involved in at the start of the year. Tesla is one of the world's most respected maker of electric vehicles.

And together, the two can certainly make a difference in the electric car industry.

This is perhaps what came into the minds of Toyota executives when they decided to acquire a $50 million stake in Tesla Motors. Aside from owning a stake at the company, Toyota has also polished a deal with Tesla to create the best electric vehicles the world has ever known.

Tesla Motors and Toyota, in a joint statement, said they "intend to cooperate on the development of electric vehicles, parts and production system and engineering support."

Tesla also announced that it had bought the NUMMI, a closed plant that used to house the joint venture factory of Toyota and General Motors. Tesla and Toyota will reportedly develop and build their co-engineered electric dreams at this plant.

Toyota president Akio Toyoda expressed his confidence with the Tesla partnership and said the he "sensed the great potential of Tesla technology."

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Tags: • vehicles • automaker • tesla • electric car • toyota • car industry • general motors • electric vehicles • electric cars •

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