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.
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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?