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Tesla Signs $60 Million Contract With Toyota

Posted by samzenpus on from the electric-money dept.

thecarchik writes "Tesla Motors announced that it has reached a $60 million deal with Toyota to develop the powertrain for an electric version of the strong-selling Rav4 sport utility vehicle. A prototype RAV4 Electric will be unveiled by Toyota at November's Los Angeles Auto Show. The company plans to sell the electric RAV4 starting in 2012, the same year that a number of new electric cars will join the 2011 Nissan Leaf and 2011 Chevrolet Volt in the US market."

1 of 233 comments (clear)

  1. Re:might i say by mfnickster · · Score: 5, Funny

    > Toyota was the only manufacturer that didn't put the brakes on the deal.

    Toyota doesn't put the brakes on ANYTHING.

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