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The
deal, whose financial terms were not disclosed, is expected to
add over 1,000 engineering and skilled technician jobs in
Germany over the next two years, Tesla said in a blogpost.
(http://bit.ly/2eIkeNm)
Several elements of Tesla's automated manufacturing systems will
be designed and produced in Prüm, Germany.
Grohmann Engineering, which would be renamed Tesla Grohmann
Automation after the deal, will serve as the initial base for
Tesla Advanced Automation Germany headquarters, with other
locations to follow.
Elon Musk-led Tesla, which has been seeing an upward trend in
its production level, expects exponential improvements in the
speed and quality of production, while cutting costs, following
the deal.
The Grohmann buy will also help Tesla ramp up its production and
reach its target of 500,000 vehicles by the year 2018.
The deal, expected to close next year, is subject to clearance
from regulators, including those in Germany.
(Reporting by Aishwarya Venugopal in Bengaluru; Editing by
Shounak Dasgupta)
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