RareEarth
Member
Why would anyone in their right mind do that. It would be like buying the Titanic after it has hit the iceberg.
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Finally - national data on the number of BEVs and Teslas!
- Thread starter Vostok
- Start date
Probably for the brand. It has a significant recognition and you’d get it for peanuts. Plus probably a whole bunch of IP on the lean-thinking process that Edwards Deming developed and propelled Toyota to being an international giant.
It is very sad to see that they have been so resistant to electrification after getting a more than twenty year head start. The cars are very well made, it is just a corporate choice that will see people look elsewhere.
MG went bankrupt I think before it was bought by Chinese interests and Jaguar-Rover went through several hands losing money before Tata bought them.
It is very sad to see that they have been so resistant to electrification after getting a more than twenty year head start. The cars are very well made, it is just a corporate choice that will see people look elsewhere.
MG went bankrupt I think before it was bought by Chinese interests and Jaguar-Rover went through several hands losing money before Tata bought them.
Why would a rapidly growing car company buy a bunch of empty car factories all over the world?
If the scrap value is more than the salvage costs????
RareEarth
Member
Could be wrong but I think Tesla would prefer purpose built factories. However like you say a Toyota collapse and subsequent fire sale of assets could be attractive to EV manufacturers.
I think I remember hearing that the original Fremont factory was repurposing an ex-Toyota plant?
Yes, it was called the NUMI factory in its prior life, and made Toyota and GM badged cars. It was selected, mainly because at the time Tesla didn’t have the funds to build a new factory from scratch and Toyota effectively accepted $400M Tesla stock in exchange for the factory. Toyota have since sold their stake in Tesla and done very nicely out of the deal.
Tesla is a completely different and vastly larger company now and has the ability to build its own factories; something like NUMI would likely not be big enough for their needs now.
