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Toyota moves ahead with Tesla, open to new tie-ups

NAGOYA, Japan (Reuters) - Toyota Motor Corp is working to develop a prototype electric vehicle with Tesla Motors as it continues work on a battery-powered small car the Japanese automaker plans to launch in 2012, senior executives said on Friday.

NAGOYA Japan (Reuters) - Toyota Motor Corp is working to develop a prototype electric vehicle with Tesla Motors as it continues work on a battery-powered small car the Japanese automaker plans to launch in 2012, senior executives said on Friday.

"We're at the stage of working toward a prototype and once that's completed and we've reached that milestone, I'd like to announce more about what we're working on together," Toyota President Akio Toyoda told reporters.

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