Slow evening @ Butler Toyota
November 28, 2010 Leave a comment
Camry Training @ Butler Toyota
Tesla Says Initial Deal Is for `Couple Thousand’ RAV4 SUVs
November 10, 2010 Leave a comment
Tesla Motors Inc., the electric-car maker backed by Toyota Motor Corp., said its initial deal to supply battery packs and motors for an electric Toyota sport- utility vehicle will be only for a few thousand vehicles.
“This is a test fleet,” Elon Musk, Tesla’s chief executive officer, said in a conference call late yesterday. “The initial phase is in the couple thousand-unit range.”
After buying a $50 million stake in Tesla this year, Toyota said in July it would develop an electric version of the compact RAV4 SUV with its new affiliate, procuring batteries, motors and other components from the Silicon Valley startup. Toyota, the world’s largest automaker, agreed to pay $60 million to develop components for the project, Tesla said in a filing last month.
The Toyota City, Japan-based carmaker has yet to announce where the electric RAV4 will be built and how many it expects to sell when the model arrives in 2012. Toyota is to show a prototype of the SUV at the Los Angeles auto show
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