Volkswagen denied a report that it has interest in taking a stake in Tesla.
Aug. 23, 2019
Aug. 23, 2019—Volkswagen denied a report this week that it has any interest in taking a stake in Tesla, per a report by CNBC.
Executives at Tesla, which didn’t immediately comment on this story according to CNBC, have said a European facility will help lower transportation costs, avoid tariffs and expand availability in a market just beginning to embrace electric vehicles.
There are reports that, although VW does not want to invest in Tesla, it has been scouting locations in Europe for a new Gigafactory.
Classes are filling up for the educational component of AASP/NJ’s NORTHEAST 2025 Automotive Services Show set for March 14-16 at the Meadowlands Exposition Center in Secaucus,...