Way Clear For Tesla To Buy Berlin Factory Site
Mohammad Ali (@ChaudhryMAli88) Published January 09, 2020 | 09:01 PM
German regional lawmakers gave the green light Thursday for electric carmaker Tesla to buy land just outside Berlin for its first European factory
Frankfurt am Main, (UrduPoint / Pakistan Point News - 9th Jan, 2020 ) :German regional lawmakers gave the green light Thursday for electric carmaker Tesla to buy land just outside Berlin for its first European factory.
"The Gigafactory investment project has taken a big step forward" with the positive vote from the Brandenburg parliament's finance committee, regional finance minister Katrin Lange said.
The contract for the 300-hectare plot in Grueneheide, east of Berlin, calls for a purchase price of 40.9 million Euros ($45.5 million), although that figure could yet be revised and Tesla's board has yet to give its final OK.
Tesla chief Elon Musk aims to begin churning out the firm's Model Y SUV and Model 3 sedan as soon as 2021 in the German capital region, ultimately producing 500,000 cars per year.
The idiosyncratic billionaire will hope his project does not run into the delays that have kept the new Berlin-Brandenburg airport nearby shuttered for close to a decade after its originally scheduled opening date.
Brandenburg, a state surrounding Berlin, has high hopes that Tesla's touchdown could bring thousands of high quality jobs.
Like other states in Germany's former communist east, the region's economy still lags behind the more prosperous west.
Berlin daily Der Tagesspiegel reported this week that bomb disposal teams are alreadycombing the woods on Tesla's future plot for leftover World War II munitions.
Related Topics
Recent Stories
PTI to stage nationwide protests against alleged electoral frauds
Senate continues discussion on Presidential address to Joint Sitting of Parliame ..
Masood Khan calls for Pak-US cooperation for regional peace
Interior Minister starts Margalla Trail Patrol for security
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
More Stories From Business
-
Shipping Activity at Port Qasim
22 minutes ago -
Machinery equipment assembling grew by 70.98% in 08 months
2 hours ago -
Gold rates up by Rs.2,500 per tola to Rs245,000
2 hours ago -
Miner Anglo American rejects BHP's $38.8 billion takeover bid
2 hours ago -
Exchange rates for currency notes
4 hours ago -
Foreign exchange rates
5 hours ago
-
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
5 hours ago -
Today Gold Rate in Pakistan 26 April 2024
6 hours ago -
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
15 hours ago -
Pak-US officials engage to enhance trade, investment ties
16 hours ago -
Stocks fall as tech shares sink, US economy slows
16 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
17 hours ago