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

Financial giants and US government turn to quantum computers

Long Way To Go For Coronavirus Vaccine, Say Drgumakers

Google's subsidiary launches recognition service for photoshopped images

Unapproved Drug For Coronavirus Treatment And Testing Given By Gilead Sciences

Live Facial Recognition Cameras Will Be Used By London Police

Driverless Vehicle For Its Ride-Sharing Service Unveiled By GM’s Cruise

Amazon will allow customers to pay with palms instead of cards

Complete Computer System For Self Driving Cars Launched By Qualcomm

In A Lifetime We Could Accumulate 20Kg Micro-Plastic In Our Body

Creator Of The First 'Gene-Edited' Babies Of The World Gets 3 Year Jail Term In China

World Politics

World & Politics

Ex-head of Mexican Pemex will be transferred to Madrid prison

China Releases First Detailed Study Of Coronaviurs Attack, Finds Elderly At Most Risk

EBA Finds Alarming Compliance Results For Gender Diversity Among Banks

Record high temperature observed in Antarctica

Venezuela to initiate international litigation against USA because of sanctions

Coronavirus Death Toll 204 In China, US Asks Americans Not To Go China

Hong Kong protesters block railway to mainland

Heavy rain kills 47 people in southeast Brazil