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No more Japanese Corollas in foreign markets?
No more Japanese Corollas sold abroad? Automotive News is reporting that Toyota may end exports of its Corolla model out of Japan. This may happen in 2013 and may be done because of the overall healthy strength of the Yen, Japan's currency.
Source: Automotive News (http://www.autonews.com) 10/14/10
Toyota and Tesla To develop an electric Rav4
Toyota and Tesla further cement their bond: Business Week reports that Tesla and its partner in electric vehicles, Toyota, signed a $60 million dollar contract to develop and electric version of Toyota popular Rav4 SUV. This comes after Tesla and Toyota announced back in July of this year that they would co-develop an electric version of the RAV4.
Source: Business Week (http://www.businessweek.com/ap/financialnews/D9IR3OMO3.htm)
P. Scott
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