German Manager Magazin: Tesla: Elon Musk joins auto supplier Atw000264

After purchasing the Grohmann company in Prüm in the Eifel region in 2016, the electric car manufacturer takes a stakeTeslaat another Rhineland-Palatinate company. The Californian group got the green light to join the auto supplier ATW based in Neuwied, as a spokesman for the Federal Cartel Office announced to the German press agency. “It’s a merger.” He didn’t give any details. ATW andTeslainitially did not comment on it.

ATW (Assembly & Test Europe GmbH) belonged to the Canadian manufacturer ATS Automation Tooling Systems. The latter recently announced the closure of its location in Rhineland-Palatinate. The tech billionaire Elon Muskwho has a factory in Grünheide near Berlin for Electric cars builds, therefore saves jobs at the new auto supplier. With a workforce of around 210 employees, this includes corporations such as BMW, Daimlerand Volkswagento his customer.

The Neuwied city spokesman Erhard Jung expressly welcomed it “when another international company” settles in his municipality on the Rhine: “Tesla plays a leading role in electromobility.” The mayor of Neuwied, Jan Einig (44, CDU), had recently argued in a similar way, pointing out that Tesla Grohmann Automation GmbH in Prüm is only around 100 kilometers away – that could facilitate cooperation between the two locations. The Rhineland-Palatinate Ministry of Economics in Mainz had also made a positive statement.

Go to source