Toyota backing Tesla, NUMMI in SF Bay to build Model S

“California governor Arnold Schwarzenegger, Tesla CEO Elon Musk and Toyota CEO Akio Toyoda held a joint press in Palo Alto, California to announce that the two companies would be collaborating on electric vehicle development and production, with Tesla will taking over the recently closed NUMMI factory in Fremont, CA to produce the Model S sedan.”

Awesome for Tesla, awesome for cars, awesome for the Bay Area.

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