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Tesla merges with German automotive supplier ATW

The automotive supplier ATW actually wanted to cut jobs – now the electric car manufacturer Tesla is saving the company: The US group is getting involved in ATW, the cartel office is talking about a merger.

Rescue at the last second: After purchasing the Grohmann company in Prüm in the Eifel region in 2016, the electric car manufacturer Tesla takes a stake in another company from Rhineland-Palatinate. The Californian group got the green light to join the automotive supplier ATW based in Neuwied.

This was announced by a spokesman for the Federal Cartel Office of the German Press Agency. “It’s a merger.” He didn’t give any details. ATW and Tesla did not initially comment.

ATW (Assembly & Test Europe GmbH) belonged to the Canadian manufacturer ATS Automation Tooling Systems. The latter recently announced the closure of its location in Rhineland-Palatinate. The dazzling tech billionaire Elon Musk, who is building a factory for electric cars in Grünheide near Berlin, is saving jobs at the auto supplier from Neuwied. With a workforce of around 210 employees, he counts corporations like BMW, Daimler and VW among his customers.

The Neuwied city spokesman Erhard Jung expressly welcomed it “when another international company” settles in his municipality on the Rhine: “Tesla plays a leading role in electromobility.”

The mayor of Neuwied, Jan Einig (CDU), had recently argued in a similar way and pointed out that Tesla Grohmann Automation GmbH in Prüm is only around 100 kilometers away – that could facilitate cooperation between the two locations. The Rhineland-Palatinate Ministry of Economics in Mainz had also expressed itself positively.

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