Tesla to open power train plant in Palo Alto
PALO ALTO, CALIFORNIA - Electric carmaker Tesla Motors says it will open a new power train production facility in Palo Alto, Calif., helped in part by a recent award of government loans.
The company says the facility will build components for its vehicles and other automakers. The complex will also house its corporate headquarters and will employ roughly 350 people with space for up to 650.
In June, the carmaker won $465 million in low-interest loans from the U.S. Energy Department. The money is part of a larger pool of funds to help automakers develop more efficient vehicle technology.
The maker of the $109,000 Roadster electric sports car recently unveiled an electric sedan it expects to price under $50,000 after government rebates.
Related News
Climate change: Greenhouse gas concentrations again break records
LONDON - The World Meteorological Organization (WMO) says the increase in CO2 was just above the average rise recorded over the last decade.
Levels of other warming gases, such as methane and nitrous oxide, have also surged by above average amounts.
Since 1990 there's been an increase of 43% in the warming effect on the climate of long lived greenhouse gases.
The WMO report looks at concentrations of warming gases in the atmosphere rather than just emissions.
The difference between the two is that emissions refer to the amount of gases that go up into the atmosphere from the use of fossil fuels, such…
