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Article
NUMMI Reborn

Tesla Motors announced its purchase of the NUMMI plant in Fremont CA on May 20th, 2010. It's a win for green jobs, California autoworkers, and perhaps for Toyota PR.


Full Article Below

Picture of Nummi Plant On April 1, 2010 the NUMMI plant, a GM-Toyota joint venture building Toyota cars and arguably GM's best performing plant, built its last car. We discussed what that means for GM's supply chain in a recent commentary. There were fears that this may be the end of auto manufacturing in the Bay Area. Now a mere 7 weeks later, new life has been breathed into the plant, with plans to build about 20,000 of Tesla's moderately priced ($50K) Model S Sedan all-electric vehicles in the first year, employing about 1,000 workers. Production begins 2012.

 


Tesla is of course famous for its all-electric $100,000 Roadster (0-60 in 3.7 seconds!). In fact, Mr. Toyoda (President of Toyota) drove a Tesla Roadster about six weeks ago, with Tesla CEO Elon Musk. He loved the car and hit it off with Musk. Toyoda commented "
I felt the wind of the future." Toyota is investing about $50M in Tesla, but will continue their own all-electric car developments as well. A good car and good chemistry led to quick action, which should benefit many people and the environment.


 

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