Tesla-Lotus deal helps close Roadster gap (Silicon Valley)
Tesla Motors Inc. said in a federal filing last week that it has an agreement with British automaker Lotus to close a gap in the production and sales of the sports car it now makes and an upcoming sedan.
Tesla had reported in January when it filed to go public that tooling changes at an unnamed supplier would force at least a year's shutdown of production of its Roadster after 2011.
A new deal with Lotus, which supplies Palo Alto-based Tesla with "gliders" — partly assembled Roadsters missing the powertrain — ends in December 2011 and will give it enough to make 2,400 cars. The old contract set to expire next March only would have provided 1,700.
Read the full post in the Silicon Valley/San Jose Business Journal.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.