Foxconn’s $10bn move to the US is not a reason to celebrate

The company doesn’t have a great track record of keeping its job-creation promises, for one. Then there’s the issue of worker conditions in China

The announcement by the Chinese giant Foxconn that it will build an LCD-manufacturing facility in Wisconsin worth an estimated $10bn was met with considerable fanfare.

But the state has a troubled history in matters of economic development and the company, a supplier to Apple, Google, Amazon and other tech giants, has a lackluster record when it comes to fulfilling its promises. The news should raise red flags.

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Elon Musk hands over first Tesla Model 3 electric cars to buyers

With half a million orders for the $35,000, 350km-range vehicle, the upstart carmaker faces its biggest test

Tesla boss Elon Musk has handed over the first of what he hopes will be a mass-market electric car to employee buyers,setting the stage for the biggest test yet of the company’s plans to revolutionise the auto industry. .

Outside Tesla’s factory in Fremont, California on Friday night, Musk showed off the $35,000 Model 3 which has a range of 220 miles (350 km) on a charge that marks a departure from the company’s earlier luxury electric cars.

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