Telsa Strikes $100 Million Deal With Toyota To Supply Powertrains

Tesla Motors Inc maker of electric Roadster sports cars, said today it reached a three-year agreement with Toyota Motor Corp to supply powertrain equipment worth about $100 million.

Toyota, which previously agreed to pay Tesla $60 million to develop lithium-ion batteries and motors for use in an all- electric RAV4 sport-utility vehicle, is paying the additional funds for packs and motors for the vehicle that goes into production next year, Tesla said in a regulatory filing.



Waterfest 2011 Photo Gallery

SPIED! FIRST Look Next-Gen Ford Escape Photo Gallery

2012 Audi A5 S5 Photo Gallery

2011 ALMS Northeast Grand Prix Photo Gallery

Cars And Parades! Tribute To The Fourth Of July Photo Gallery

Eurocar Heaven! Best Of Rome Photo Gallery




Read Article

internationalmanofmystery - 7/21/2011 10:06:40 AM

+3 Boost

There goes the Top Gear lawsuit!! Dismissed with prejudice!!! It's payday!!!

vdiv - 7/22/2011 10:59:43 PM

0 Boost

boo! They hate you back!

vdiv - 7/28/2011 10:27:28 PM

+1 Boost

Data from Insurrection is coming :p resistance is futile.

Resisting EVs is futile too. Well, maybe not the Volt since it is not really a pure EV and since it is made by the same company that killed the EV1.

Here, let me feed your hatred a bit more: http://www.betterplace.com