30 Oct '16, 8am

Borgward to Build EV Manufacturing Plant in Bremen

Borgward to Build EV Manufacturing Plant in Bremen

Borgward, once Germany’s third-biggest automaker, plans to open an electric vehicle factory in Germany to build 10,000 cars a year. Work on the new facility is due to start in 2017, with plans to start vehicle production in 2018. The exact location of the factory has yet to be revealed – Borgward says it is in discussion with potential production partners, property owners and the State of Bremen. Bremen was the former home of Borgward, and the German automotive company produced around 1.2 million Borgward, Lloyd, and Goliath brand vehicles there from the 1920s until well into Germany’s “economic miracle” era in the early 1960s, when it went bankrupt. But the name was revived last year by a consortium led by the grandson of the original company founder. Between 50 and 100 jobs will be created in Bremen during the initial phase. Borgward plans to create an SKD manufacturing ...

Full article: http://electriccarsreport.com/2016/10/borgward-build-ev-m...

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