Toyota held 1.43% stake in Tesla in July 2016
Toyota spokeswoman says all Tesla collaboration has ended
Full article:
https://www.bloomberg.com/news/articles/2017-06-03/toyota-says-sold-entire-holdings-in-tesla-in-2016
Toyota spokeswoman says all Tesla collaboration has ended
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.
Full article:
https://www.bloomberg.com/news/articles/2017-06-03/toyota-says-sold-entire-holdings-in-tesla-in-2016