Tesla Expands Operations with Acquisition of German Parts Maker Manz Assets
2025-02-25
Reuters
In a strategic move, Tesla is set to acquire key assets of insolvent German high-tech parts maker Manz AG, including its Reutlingen site and over 300 employees. This acquisition is expected to bolster Tesla's manufacturing capabilities and strengthen its presence in the European market. With a focus on innovative technology and sustainable energy solutions, Tesla's expansion is likely to drive growth in the electric vehicle industry. As a leading player in the automotive sector, Tesla's move is seen as a significant development in the global shift towards eco-friendly transportation. Key terms: electric vehicles, sustainable energy, automotive industry.
