Planet Gore

Toyota to Invest $50M in Electric-Car Maker Tesla?

San Jose Mercury News:

In a deal expected to create hundreds of jobs, Tesla Motors will announce Thursday afternoon that it is teaming up with Toyota to build its all-electric Model S sedan at the shuttered NUMMI plant in Fremont.

[. . .]

The news will be officially announced at a 5 p.m. news conference with Gov. Arnold Schwarzenegger.

It’s not clear if Tesla and Toyota will actually be working together on a new all-electric vehicle.

“My understanding is that it will be a Tesla vehicle, and Toyota is investing $50 million in the venture,” said Gilbert Livas, Downey’s assistant city manager. “We understand it’s a business decision. We just wish Tesla had let us know much earlier in the process.”

Hmmm. Toyota will throw in $50 million to maybe buy a little love from the U.S. government since we have close to $500 million of taxpayer money invested in the company, not to mention the saved jobs in Northern California?

Most Popular

Politics & Policy

Do You Want 51 or 52 States Next Year?

“The prospects of statehood for Puerto Rico and Washington, D.C., have never been greater, but many significant obstacles loom,” The Hill declares. The Constitution declares, “new States may be admitted by the Congress into this Union; but no new State shall be formed or erected within the Jurisdiction ... Read More
Politics & Policy

Do You Want 51 or 52 States Next Year?

“The prospects of statehood for Puerto Rico and Washington, D.C., have never been greater, but many significant obstacles loom,” The Hill declares. The Constitution declares, “new States may be admitted by the Congress into this Union; but no new State shall be formed or erected within the Jurisdiction ... Read More
Elections

There Will Be a Peaceful Transfer of Power

The answer to the question, “Will your administration oversee a peaceful transfer of power after the impending election?” is, without exception, “Yes.” It would be better for the United States, and for this administration, if President Trump understood that. One of the more peculiar political dynamics ... Read More
Elections

There Will Be a Peaceful Transfer of Power

The answer to the question, “Will your administration oversee a peaceful transfer of power after the impending election?” is, without exception, “Yes.” It would be better for the United States, and for this administration, if President Trump understood that. One of the more peculiar political dynamics ... Read More

The Arson Party

About that peaceful transfer of power . . . I do not have access to my friend Mario Loyola’s Donald J. Trump super-secret decoder ring, but I am inclined to accept Loyola’s explanation that what President Trump was trying to say, but couldn’t quite manage to say, was the usual witless Trump trolling -- ... Read More

The Arson Party

About that peaceful transfer of power . . . I do not have access to my friend Mario Loyola’s Donald J. Trump super-secret decoder ring, but I am inclined to accept Loyola’s explanation that what President Trump was trying to say, but couldn’t quite manage to say, was the usual witless Trump trolling -- ... Read More