Heavy subsidies for industry, together with weak sales in China, have set the stage for an export boom, raising fears of factory job losses elsewhere.
The carmaker dismissed hundreds of employees in a unit that was critical to its success and seen as important to the future of electric vehicle sales in the United States.
More than 7,000 U.A.W. workers at Daimler Truck plants in North Carolina are set to strike at midnight in a labor action that could carry political consequences.
Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.
The company’s directors are asking shareholders to again approve the multibillion-dollar compensation plan and to move the company’s registration to Texas, from Delaware.
Elon Musk’s electric car company reported a drop in sales in the first three months of the year, and its profit margin has been falling for months.
Volkswagen’s plant in Zwickau stopped producing Golfs and switched to electric vehicles, illuminating the risks and opportunities for factory towns and cities.
Plus, the fight to see the eclipse.
Musk ayudó a crear la industria china de vehículos eléctricos. Pero ahora se enfrenta a desafíos allí, así como al escrutinio en Occidente por su dependencia al país.
Mr. Musk helped create China’s electric vehicle industry. But he is now facing challenges there as well as scrutiny in the West over his reliance on the country.