Tesla Motor Company and Toyota Motor, the U.S. electric car manufacturer, announced that they reached an agreement to work together on the ground formerly known as NUMMI (New United Motor Manufacturing Inc.), in which the Japanese company will develop components of General Motors.
While the details are so far limited, the press release sent out by the companies announced that Toyota will invest $ 50 million in the society for which to create a team that specializes in the development of parts and production systems for the coming electric vehicles. Tesla, for its part would benefit in using the plant for the manufacture of the next Tesla S.
The Tesla S is a sedan with seating for seven people and is capable of traveling up to 482 miles on one hundred percent power mode. It will be released in early 2012.
According to Toyota President Akio, this is a great opportunity for Toyota to partner with a company like Tesla, which has shown great admiration for Monozukuri (the focus of Toyota’s vehicle manufacturing). Through this partnership, Toyota seeks to learn the challenging spirit, rapid decision making and flexibility that Tesla has shown since its creation.
For its part, the chairman of Tesla, Elon Musk, spared no praise for the Japanese company: “Toyota is a company founded on innovation, quality and commitment to sustainable mobility. It is an honor and an important endorsement for our technology that Toyota has chosen to invest in Tesla company. ”
In the press conference also attended by California Governor Arnold Schwarzenegger, who announced that the company will create 1,000 jobs and rejoin some of NUMMI workers who were dismissed when the plant shut its doors.
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