Carmakers hit as China's heatwave forces more power rationing
CNN
China's brutal heatwave is now hurting major players in the auto industry.
The rationing of power in Sichuan province — China's most important hydropower hub — has hit production for major carmakers in Shanghai, including Tesla (TSLA), according to reports in Chinese state media.
Sichuan ordered most factories to close for six days through Saturday because of extreme heat and drought that have caused a power crunch. The shutdown has since been extended by another five days.
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What is Corporate America so afraid of?