UPDATE 2-Tesla taking Toyota factory, investment

Newswire

* Tesla to build electric sedan in small part of big plant * Toyota chief approached Tesla (Adds details from news conference) PALO ALTO, Calif., May 20 (Reuters) - Japanese carmaker Toyota Motor Corp is investing $50 million in electric carmaker Tesla Motors, which will take over a San Francisco-area Toyota plant for its all-electric sedan, the companies said on Thursday. Toyota and former joint-venture partner General Motors had shut down the New United Motor Manufacturing Inc ...

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