Tesla to acquire battery assembler ATW Automation

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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.

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Tesla to acquire battery assembler ATW Automation originally appeared on Autoblog on Sun, 4 Oct 2020 11:15:00 EDT. Please see our terms for use of feeds.

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