Toyota unloads Tesla shares with end of EV ties

Toyota President Akio Toyoda, left, is presented with the keys to a Tesla Roadster by Tesla CEO Elon Musk in Nov. 2010, six months after the two companies formed a partnership to co-develop EVs. (REUTERS)

By:

Naomi Tajitsu Osamu Tsukimori

June 03, 2017 05:00 AM

TOKYO -- Toyota said on Saturday it had sold all shares in Tesla by the end of 2016, having cancelled its tie-up with the U.S. automaker to jointly develop electric vehicles.

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