Toyota Teams Up with Tesla Motors to Create a New EV

In May 2010 the famous Japanese car manufacturer Toyota announced about its intention to invest $50 million in the popular electric car maker Tesla Motors, the company that came up with a high-performance electric sports vehicle dubbed Tesla Roadster.

However, Toyota did not say a word on whether it looked forward to team up with Tesla to create a new EV.

A couple of days ago the Japanese car-maker finally informed that it is now working with Tesla Motors on an all-electric car, which the two companies expect to complete by 2012.

READ MORE AT AUTO.INFONIAC.COM