“Increasingly difficult economic conditions” included a slowdown in the industrial sector as well as a “significant” change in the product mix at Tesla with the third model series.
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Increased sales “due to increased demand from the largest U.S. electric vehicle manufacturer” (Tesla).
Norm Fasteners, which supplies fasteners for Tesla’s new Model 3 as well as parts for John Deere, will open a distribution center in Lansing that will create between 15 to 20 jobs, according to the Lansing State Journal.
“In particular, we would like to clarify that the bolts in the power steering component affected by a recall were not supplied by Bossard.”
Car manufacturer said certain corroding bolts in cold weather climates could lead to power-steering failure.
"Solid" sales performance included double-digit growth rates in Europe, North America, and Asia. Bossard said it made “great strides” in North America, with sales up 18.4%, “attributable to both organic growth as well as acquisitions.”
The Bossard Design Center (BDC) is a 10,000 sq ft fastener design and testing facility located 20 miles east of the largest U.S. electric vehicle manufacturer, Tesla.