Electric Car News

After the much talked about deal with DaimlerChrysler, Tesla has struck another deal – this time with Toyota. The troubled Japanese giant has bought a stake in Tesla in order to have access to the American start-up’s know-how. It is a huge compliment for a small company like Tesla.

Although Toyota pioneered the modern hybrid car technology and adapted it for the mass market, apparently they are not so confident about their all-electric things. Their plug-in hybrid Toyota Prius takes ages to prepare and the first Toyota’s all-electric car is scheduled to appear in 2012 (read 2014 – the big companies never deliver on their promises when it comes to brand new technology).

The fact that big companies turn to Tesla for the knowledge gives us even more confidence that they can deliver. It is quite possible that Lotus is somehow involved in all this – after all Toyota supplies the British manufacturer with engines while Lotus is closely linked to Tesla. More jobs for British engineers? I hope so!

The president of Toyota, Akio Toyoda, reminded that the Japanese giant once had the same humble beginnings and relied on venture capital just like Tesla.

You might be interested in:

1. Tesla Conquers Canada
2. Tesla Electric Cars – This is Serious
3. Tesla is Being Taken Seriously
4. Toyota Goes Back to the RAV4
5. Tesla Breaks Through Iron Curtain