Tesla, the leader in autonomous car manufacturing and production, announced on November 8 that they would be acquiring Grohmann Engineering, also a leader in automotive engineering in based in Germany. Tesla CEO and co-founder Elon Musk announced that Grohmann will become the new Advanced Automation facility in Germany and will be named as the Tesla Advanced Automation Germany.
Grohmann Engineering has been working with different car brands and has also shared their expertise with life-science and semiconductor companies. Although being acquired, the engineering company will not be restricted to working with Tesla and will still continue its current projects even with other car companies.
Aside from the newly acquired engineering company, Tesla is also known for working with other tech companies such as NVidia for its processors, Panasonic for the batteries, Multimatic, and a lot more. Tesla's goal in acquiring Grohmann engineering and partnership with other companies is to improve efficiency in the manufacture of their automobiles.
According to Tesla, they have already increased their vehicle output target from 80,000 in 2016 to 500,000 cars by the end of 2018 and their search for seeking the best engineers to work with them is important. Tesla has already increased their vehicle production rate by up to 400 percent over the past four years.
Grohmann Engineerings founder and CEO, Klaus Grohmann will lead the new subdivision. By joining Tesla, Mr. Grohmann can still lead his world-class team of experts right in their headquarters. Currently, Grohmann Engineering already has 700 employees and this move promises job opportunities for more than a thousand engineers and technicians for the next two years.
Musk said that Tesla will end up becoming a part German company with Germany's unparalleled engineering. The CEO also announced that the company is planning to establish a joint vehicle factory in Europe that will be called "Gigafactory 2" and is hoping that the legal formalities will be finalized by the last quarter of 2017.
