The last major auto manufacturing facility on the West Coast, closed on April 1st, will reopen under new management. New United Motor Manufacturing Inc. (NUMMI) was a joint partnership between Toyota and GM which fell apart after GM filed bankruptcy. Now, the Japanese auto giant is teaming up with Tesla Motors, an electric car company based in Palo Alto. Toyota's CEO announced his company will invest $50 million in Tesla when the start up begins selling stock to the public.
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