Tesla acquires German automation company

Tesla acquires German automation company

PanARMENIAN.Net - Tesla has agreed to acquire Grohmann Engineering, a German firm that specializes in automated manufacturing. Founder Klaus Grohmann will also be joining Tesla and will head a new division within the automaker called Tesla Advanced Automation Germany, The Verge said.

Tesla plans to add an additional 1,000 engineering and technician jobs in Germany, on top of Grohmann’s existing 700 employees, over the next two years as the company looks to aggressively ramp up electrical vehicle production at its Fremont, California factory. Tesla has said it wants to increase production from around 80,000 cars in 2016 to 500,000 cars in 2018. Its more affordable Model 3 EV is expected to begin production late this year.

This is the first “significant” acquisition in Tesla’s history, said Tesla CEO Elon Musk.

“Because automation is such a vital part of the future of Tesla, the phrase I’ve used before is that it’s about building the machine that’s building the machine,” said Musk on a call with journalists this morning. “That actually becomes more important than the machine itself as the volume increases. We think it’s important to bring in world-class engineering talent and our first choice was Grohmann.”

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