Gliding on robotic haulers, a line of Ferrari frames maneuvers through a gleaming new factory in Northern Italy.
At each station, engineers in cherry red uniforms add a component — an engine block, a dashboard, a steering wheel — as they transform the bodies into hybrid vehicles.
The transition to electric vehicles, which was supposed to quickly usher in an era of climate-friendly transport, has instead been squeezed by costly investments and slowing global demand.
Tesla reported declining second-quarter sales on Tuesday, and Ford Motor said in April that it would shift production to more hybrids as E.V.
A growing trade war between China and the West also threatens to stifle growth.
Persons:
Tesla
Organizations:
Mercedes, Benz, Lamborghini, Ford Motor
Locations:
Northern Italy, China