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Toyota Says It Sold Entire Stake in Tesla in 2016
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Leroy N. Soetoro
Jun 4, 2017, 3:07:44 PM6/4/17
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https://www.bloomberg.com/news/articles/2017-06-03/toyota-says-sold-
entire-holdings-in-tesla-in-2016
Toyota Motor Corp. has sold its stakes in Californian electric carmaker
Tesla Motors Inc., a spokeswoman for Japan’s largest carmaker said
Saturday.
The sale marks the end of collaboration between the two companies for now,
Toyota spokeswoman Akiko Kita said by phone. Toyota held 1.43 percent in
Tesla as of July 2016, according to data compiled by Bloomberg.
In 2010, Toyota acquired a $50 million stake in Tesla as automakers were
competing to introduce less-polluting vehicles in the U.S. and sold a
shuttered California factory to Tesla for $42 million. The two companies
then started to jointly develop RAV4 electric vehicles in Canada in 2011
and later sold about 2,500 units over three years amid culture clashes and
recalls.
Toyota formed its own unit to develop electric cars in November 2016 and
aimed to introduce electric cars soon.
In May 2010, as the emerging alliance took shape, Elon Musk called the
partnership “historic” and said Toyota was a company he had long admired.
In describing his test drive of the Tesla Roadster about a month earlier,
Akio Toyoda, president of Toyota said he felt “the wind of the future”.
Shares of Tesla have risen by almost 60 percent this year.
--
Donald J. Trump, 304 electoral votes to 227, defeated compulsive liar in
denial Hillary Rodham Clinton on December 19th, 2016. The clown car
parade of the democrat party has run out of gas.
Congratulations President Trump. Thank you for ending the disaster of the
Obama presidency.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp.
ObamaCare is a total 100% failure and no lie that can be put forth by its
supporters can dispute that.
Obama jobs, the result of ObamaCare. 12-15 working hours a week at minimum
wage, no benefits and the primary revenue stream for ObamaCare. It can't
be funded with money people don't have, yet liberals lie about how great
it is.
Obama increased total debt from $10 trillion to $20 trillion in the eight
years he was in office, and sold out heterosexuals for Hollywood queer
liberal democrat donors.
entire-holdings-in-tesla-in-2016
Toyota Motor Corp. has sold its stakes in Californian electric carmaker
Tesla Motors Inc., a spokeswoman for Japan’s largest carmaker said
Saturday.
The sale marks the end of collaboration between the two companies for now,
Toyota spokeswoman Akiko Kita said by phone. Toyota held 1.43 percent in
Tesla as of July 2016, according to data compiled by Bloomberg.
In 2010, Toyota acquired a $50 million stake in Tesla as automakers were
competing to introduce less-polluting vehicles in the U.S. and sold a
shuttered California factory to Tesla for $42 million. The two companies
then started to jointly develop RAV4 electric vehicles in Canada in 2011
and later sold about 2,500 units over three years amid culture clashes and
recalls.
Toyota formed its own unit to develop electric cars in November 2016 and
aimed to introduce electric cars soon.
In May 2010, as the emerging alliance took shape, Elon Musk called the
partnership “historic” and said Toyota was a company he had long admired.
In describing his test drive of the Tesla Roadster about a month earlier,
Akio Toyoda, president of Toyota said he felt “the wind of the future”.
Shares of Tesla have risen by almost 60 percent this year.
--
Donald J. Trump, 304 electoral votes to 227, defeated compulsive liar in
denial Hillary Rodham Clinton on December 19th, 2016. The clown car
parade of the democrat party has run out of gas.
Congratulations President Trump. Thank you for ending the disaster of the
Obama presidency.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp.
ObamaCare is a total 100% failure and no lie that can be put forth by its
supporters can dispute that.
Obama jobs, the result of ObamaCare. 12-15 working hours a week at minimum
wage, no benefits and the primary revenue stream for ObamaCare. It can't
be funded with money people don't have, yet liberals lie about how great
it is.
Obama increased total debt from $10 trillion to $20 trillion in the eight
years he was in office, and sold out heterosexuals for Hollywood queer
liberal democrat donors.
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