AS PER California Governor Arnold Schwarzenegger, Electric-car maker Tesla Motors will team up with Toyota and help it come up with a new electric vehicle in the state. He gave away some of the details during an environmental event this morning at Google headquarters in Mountain View.
The governor expressed his excitement over Tesla’s idea of turning one of Toyota’s cars electric. Silicon Valley-based Tesla is holding a press conference later on Thursday where it said it plans to make a significant and exciting announcement. The governor will be at the briefing, to be held at the company's Palo Alto, California, facility.
Tesla, the six-year-old start-up best known for its $109,000 all-electric Roadster, has been granted $465 million of loans from the US government to build a new lower-cost model. It has been hunting for a manufacturing site in California. Toyota, on the other hand, closed a sprawling manufacturing plant in Fremont, California, in April.
The governor boasts of the congenial atmosphere and facilities available at California which he says attracts manufacturers to set up industries and make optimum utilization of resources.
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