Daily Management Review

Tesla To Enter Germany Opening The Door For Others To Follow


12/03/2019


Tesla to build its first European factory in Germany.



Earlier, Tesla made an announcement to reveal that according to its plans its first factory in Europe will be located near Berlin which is expected to lure other companies from the “electric mobility and energy storage sectors” into Germany, reported the Die Welt newspaper.
 
According to Dietmar Woidke, the Minister President of Brandenburg, Germany:
“They are already on their way. I’m hearing there are further inquiries with the communities and the regional business development program. Tesla will cause other companies to follow”.
 
Dropping further hints, Woidke added that Brandenburg is also talking with other companies, although the names are not revealed yet, while Woidke expect that the names could be announced “before Christmas”.
 
As per Reuters report:
“Tesla’s move is a big boost for Germany as a center for manufacturing after BMW (BMWG.DE) and Daimler (DAIGn.DE) in recent years chose to build new factories in Hungary, and after its auto industry was hit hard by Volkswagen’s (VOWG_p.DE) admission in 2015 that it cheated U.S. diesel emissions tests”.(sic)
 
References:
reuters.com







Science & Technology

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

Google turns the screws on political ads

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

World Politics

World & Politics

Protests in France gain the greatest scale since 2010

Massive blackout unfolds in Venezuela

French And Russian Presidents To Discuss The Moratorium On Missiles In Europe

EU adopts budget for 2020, more funds allocated to climate change fight and innovation

Israeli prime minister indicted in three criminal cases

Argentina finds a way to pay off IMF loan

Sweden closes Assange rape inquiry

Has Chile Put All Its Eggs In One Basket To Turn Towards Renewable Energy?