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Tesla's Plans to Open its First Factory in Europe Halted by German Court.

Tesla's plan to open its first factory in Europe halted after a German court halted the site preparation to consider an environment group’s appeal.

 

TRANSPORTATION

Tesla’s plans to open its first factory in Europe halted by German court.

Entering Countries...

Electric car maker Tesla’s plans to build its first factory in Europe were derailed after a German court halted the site preparation to consider an environment group’s appeal.

 

The Green League Brandenburg recently appealed to the Higher Administrative Court for Berlin-Brandenburg saying Tesla’s factory, planned in a wooded area near Berlin, could pollute the area’s drinking water.

 

Tesla’s new plant in Germany, if it overcomes the judicial hurdles, will build batteries and vehicles, starting with the upcoming Model Y SUV. The Paolo Alto-based company hopes to complete the factory by the middle of next year. [AP]

 

General Motors exits Australia, New Zealand and Thailand businesses.

...and Exiting Countries:

General Motors says it is pulling out of Australia, New Zealand and Thailand to focus on markets where it can drive strong returns. It will also reportedly make similar moves in Japan, Russia and Europe, where “we don’t have significant scale”. [Time]

 

France’s Alstom set to buy Bombardier’s train business.

Merging Madness

In its latest effort to take on the world’s largest rail supplier, China’s state-owned CRCC, French train giant Alstom SA has reached a preliminary deal to acquire Montreal-based Bombardier Inc.’s train business for c. $7bn.

 

Previously, Alstom had tried to merge its business with Germany’s Siemens AG. But this deal was blocked by the European Commission. The Alstom-Bombardier deal is also likely to face similar regulatory scrutiny in Europe. [MarketWatch]

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