4/7/2014 8:49:00 AM
HEADLINES
Bossard Signs $140m Contract with Tesla
The Bossard Group strengthening its collaboration with U.S. electric vehicle manufacturer Tesla.
Tesla awarded Bossard a three-year, $140 million contract to provide production fasteners, engineering and logistical services. In response Bossard opened a new distribution center near the Tesla factory in Fremont, CA.
For more than four years, the two companies have collaborated in the design and development of the cutting edge Model S, including engineering, prototyping and ultimate delivery of production fasteners utilizing Bossard’s inventory management system, SmartBin.
“Bossard Group has proven to be the preferred fastener supplier for Tesla while offering exceptional engineering and design services,” Bossard stated in a press release. “This collaboration is reflected in sharply increasing sales volume for Bossard in support of the California based auto manufacturer.”
Bossard has steadily expanded its market share in the past few years in the U.S., in part due to the intensified collaboration with Tesla.
Tesla’s goal is to accelerate the world’s transition to sustainable transport with a full range of increasingly affordable electric cars. Founded in 2003, California-based Tesla designs and manufactures electric vehicles (EV), as well as EV powertrain components for partners such as Mercedes and Toyota.
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