2010 Tesla, Toyota and NUMMI Electric Auto Partnership
When the Toyota corporation announced it would close the NUMMI auto plant in Fremont, California, after its long-time partner in the facility, General Motors, pulled out of the partnership, Lockyer appointed a blue-ribbon commission that publicized the adverse economic consequences of plant closure and the unemployment of several thousand workers, and pleaded with Toyota to reconsider. The company refused.
But then Lockyer, working behind the scenes, helped arrange a new partnership at the NUMMI plant between Toyota and Tesla Motors, an electric car company, which he had assisted in the past through the Treasurer's "Green Wave" investment policies.
Read more about this topic: Bill Lockyer
Famous quotes containing the words electric and/or partnership:
“The sight of a planet through a telescope is worth all the course on astronomy; the shock of the electric spark in the elbow, outvalues all the theories; the taste of the nitrous oxide, the firing of an artificial volcano, are better than volumes of chemistry.”
—Ralph Waldo Emerson (1803–1882)
“Society is indeed a contract.... It is a partnership in all science; a partnership in all art; a partnership in every virtue, and in all perfection. As the ends of such a partnership cannot be obtained in many generations, it becomes a partnership not only between those who are living, but between those who are living, those who are dead, and those who are to be born.”
—Edmund Burke (1729–1797)