Archive for the ‘Toyota’ Tag

Tesla, Toyota to build electric cars at Fremont, CA NUMMI plant

Tesla, Toyota to build electric cars at NUMMI plant

“Stunning” says it all.

In a stunning deal, Tesla Motors announced late Thursday that it is teaming up with Toyota to build its all-electric Model S sedan at the recently shuttered NUMMI plant in Fremont, creating more than 1,000 new jobs.

This is exactly the kind of partnership I was hoping one of the Big Three would do with Tesla.

Tesla will use the former New United Motor Manufacturing Inc. plant to begin production of the Model S, a sedan that can seat five adults and two children and has a range of 300 miles. Once it reaches full production at the NUMMI plant, Tesla expects to produce 20,000 electric vehicles each year, which will sell for $50,000.

But the Model S would occupy only a small part of the NUMMI plant, leaving room for Tesla and Toyota to manufacture other models of electric cars there.

“Long term, we think we could create 10,000 jobs, half from Tesla and half from our suppliers,” [Tesla CEO Elon] Musk said.

(via San Jose Mercury News)

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