Mexican Media Brands
Tesla Buys Michigan Tooling Company
Tesla Motors Inc. has acquired Riviera Tool LLC, a Grand Rapids, Mich., maker of metal stamping dies, the Detroit Free Press reports.
Share
Tesla Motors Inc. has acquired Riviera Tool LLC, a Grand Rapids, Mich., maker of metal stamping dies, the Detroit Free Press reports. Financial details were not disclosed.
Riviera currently supplies dies to Tesla's assembly plant in Freemont, Calif., according to the newspaper. Sources tell the Free Press the Michigan company will be renamed Tesla Tool & Die.
The Riviera acquisition is Tesla's first. The purchase establishes the California company's presence in Michigan, a state that bans Tesla from selling its electric cars directly to customers.
RELATED CONTENT
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
GM Is Down with Diesels
General Motors is one company that is clearly embracing the diesel engine.
