SAN JOSE, Calif., July 16 (UPI) -- Electric car producer Telsa Motor Corp. said it would team up with Japanese automaker Toyota Motor Corp. to produce an electric version of Toyota's RAV4.
Telsa said in a statement a prototype of the sport utility vehicle had already been built and its goal now was "to produce increasingly affordable electric cars for mainstream buyers -- relentlessly driving down the cost of EVs," meaning electric vehicles, The Detroit News reported Friday.
Tesla, in its stock market debut this year, set aside $50 million in shares for Toyota to purchase. Tesla has also purchased a former Toyota factory in Fremont, Calif., where it produced cars in partnership with General Motors Co.
Tesla's only current model in production is an electric roadster that sells for more than $100,000.
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BEIRUT, Lebanon, May 22 (UPI) --The seizure of Syrian oil fields by the al-Nusra Front could accelerate the breakup of Syria amid a reshaping of the Middle East's geopolitical landscape.
OTTAWA, May 22 (UPI) --Canadian Prime Minister Stephen Harper faces more embarrassing questions as new evidence suggests the nation's strategy for building a strong arctic naval force is out of control.