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Tesla to buy German equipment maker

Thursday, November 10, 2016 - 05:50

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Tesla Motors chief Elon Musk aims to tap Grohmann's expertise to amp up production of the Model 3.

Frankfurt

TESLA Motors Inc has agreed to buy German manufacturing-technology specialist Grohmann Engineering to add on production expertise ahead of the move by the American maker of electric car to roll out its first mass-market model.

Grohmann Engineering will be renamed Tesla

sentifi.com

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