acquisition

List of News and Information about acquisition on 4WheelsNews.com

News and Information about acquisition

Read the latest news and information about acquisition published on 4WheelsNews.com! View comments and pictures about acquisition on 4WheelsNews.com!

You also might be interested: tesla, germany

Tesla acquires Germany-based Grohmann Engineering to speed up its manufacturing operations

In a bid to acquire new production technologies and reduce per-vehicle manufacturing costs, Tesla has entered an agreement to purchase German firm Grohmann Engineering. Considered as one of the global leaders in highly automated manufacturing methods, Grohmann Engineering should allow Tesla to boost its manufacturing capability and know-how.

Tesla has acknowledged that only by having high-volume manufacturing sites will it be able to achieve a sustainable energy future. Such high-volume production facilities would enable Tesla to manufacture high-quality products with economies of scale, which means vehicles rolling off these sites would be more affordable and more accessible. In addition, Tesla considers such a high-volume factory as a product itself. Based in Prum, Germany, Grohmann Engineering would allow Tesla to get involved in high-volume highly automated manufacturing and make it possible for the California-based carmaker to realize its increased output target of 500,000 cars per year by 2018.

Tesla’s planned acquisition of Grohmann Engineering – led by founder and chief executive Klaus Grohmann -- includes the company’s development and production center in Germany, locations in Chandler, AZ, and Charlotte, NC, as well as a base in Shanghai, China. With the acquisition, Klaus Grohmann will also be brought into Tesla’s highly capable team of experts and leaders.

Read the entire article Tesla acquires Germany-based Grohmann Engineering to speed up its manufacturing operations