Toyota/Tesla Alliance to Create 1,000 Green Jobs in California

Governor Arnold Schwarzenegger today joined President and Chief Executive Officer of Toyota Motor Corporation Akio Toyoda, Co-Founder and Chief Executive Officer of Tesla Motors Elon Musk and Lieutenant Governor Abel Maldonado to announce an historic new partnership between the automotive companies that will benefit California's economy and environment.

Toyota announced it will invest $50 million in Tesla Motors and will partner with Tesla to manufacture electric vehicles (EVs).

Additionally, Tesla announced that it will acquire the NUMMI plant in Fremont and begin production of its Model S EV in 2012.

Today's action could create more than 1,000 Green Jobs in California.

Read the full article in the San Francisco Chronicle.