Mechanical engineering company Manz: Tesla subsidiary buys part of insolvency
A subsidiary of the electric car manufacturer Tesla wants to take over more than 300 employees from the insolvent mechanical engineering company Manz as well as corresponding facilities in Reutlingen near Stuttgart in Swabia. A corresponding purchase agreement between Tesla Automation GmbH and the insolvency administrator has been signed, insolvency administrator Martin Mucha announced.
No information was given about the sales price in the announcement. It will be added to the insolvency estate.
Mucha said that they were happy to have successfully concluded the negotiations with Tesla, to have saved many jobs and thus to…
