Slashdot Mirror

← Back to Stories (view on slashdot.org)

Tesla Signs $60 Million Contract With Toyota

Posted by samzenpus on Sunday October 17, 2010 @06:11AM 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)

Min score:

Reason:

Sort:

Re:might i say by Anonymous Coward · 2010-10-17 07:29 · Score: 5, Interesting

I was part of the business development team that made this happen.
Toyota was actually one of four OEMs we were talking to, and the least likely at the outset, but the rest were moving too slowly.
Toyota was the only manufacturer that didn't put the brakes on the deal.