ATW, a subsidiary of Canadian ATS Automation Tooling Systems Inc , was on the brink of liquidation due to a slump in orders, German media reported in September. ATS on Sept. 25 announced that certain assets and employees at one of its Germany-based units would be sold and transferred to a third party, without disclosing the name of the company. ATS and ATW on Friday did not immediately respond to a request for comment.
Continue reading Tesla to acquire battery assembler ATW Automation
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