GERMAN FEDERAL MOTOR TRANSPORT AUTHORITY (KRAFTFAHRT-BUNDESAMT) CONCLUDES REVIEW OF MODEL S INCIDENTS
“StockWatchIndex on TESLA”
Los Angeles, California, December 2, 2013. StockWatchIndex announced today that the German Authorities (Kraftfahrzeug Bundesamt) have concluded their investigation into Tesla’s Model S incindents.
Tesla received a recent inquiry from the German Federal Motor Transport Authority, Kraftfahrt-Bundesamt (KBA), regarding the Model S post-crash fire incidents in Seattle, Tennessee and Mexico. The KBA is the German authority in charge of motor vehicle regulation. They have the power to initiate and perform investigations, and compel recalls. In response, Tesla provided the KBA with data and additional information regarding each of these incidents.
In investigating these incidents, the KBA reviewed Tesla’s responses to their inquiries, as well as other information. They subsequently issued the following statement:
According to the documents, no manufacturer-related defects [herstellerseitiger Mangel] could be found. Therefore, no further measures under the German Product Safety Act [Produktsicherheitsgesetz (ProdSG)] are deemed necessary. The letter from the KBA is attached in German and English.Translation: Letter KBA dated 27 November 2013
GSK STOCKMANN + KOLLEGEN Rechtsanwälte Steuerberater Herrn Dr. Marcel Vietor Karl-Scharnagl-Ring 8 80539 München Investigation under the German Product Safety Act [Produktsicherheitsgesetz (ProdSG)], Tesla Model S vehicle fires Dear Dr. Vietor, Referring to our phone call dated 27 November 2013, I am pleased to share with you the investigation’s result with regard to the 3 recent fire incidents involving Tesla Model S cars. According to the documents, no manufacturer-related defects [herstellerseitiger Mangel] could be found. Therefore, no further measures under the German Product Safety Act [Produktsicherheitsgesetz (ProdSG)] are deemed necessary. The process is completed with the Federal Motor Transport Authority [Kraftfahrt-Bundesamt (KBA)]. Sincerely yours, On behalf, [Signed]
About StockWatchIndex (SWI) SWI is a unique; industry segment focused stock information service, newsletter and website that provides insightful and daily updated content and maintains a market for public company clients. The SWI team has extensive experience in the process of taking companies public via alternative and SEC sanctioned methods. SWI has assisted numerous companies creating and maintaining stock value in the public market and in raising funds for business expansion and/or acquisitions. SWI has a strong and credible presence in the micro-cap and small-cap investment communities with an extensive network of followers on Twitter, Facebook and other social media networks. SWI provides simple, thorough and unbiased analysis of market and company news, objective and qualified third party and analyst points of views and provides insightful and well-balanced information distribution streams via its established communication network; the GOOD and the BAD. Safe Harbor Statement: SWI and its sister company “AutoStockReview (ASR) are not registered financial advisors, is not an investment bank or brokerage firm and does not provide investing advice or makes stock recommendations. The information provided in our publications has been acquired either through communication with the companies directly, public information, or from what we consider reliable third parties. While we take the outmost caution and consider the acquired information credible, we urge you to do your own due diligence and seek your own investment advice, before making an investment decision. Covered companies may have compensated us for our services in cash or stock. Certain statements in the presented communications that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may involve significant known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Please carefully review all risk factors as discussed in the covered Company’s periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under the Company symbol.www.stockwatchindex.com email@example.com www.autostockreview.com twitter.com/stockwatchindex facebook.com/stockwatchindex