Automakers Plan Electric Car Blitz as Tesla Burns Billions

Automakers Plan Electric Car Blitz as Tesla Burns Billions
Here are two facts that defy logic: By the end of the year, electric-car maker Daimler AG and Volkswagen AG. General Motors Co. raised the stakes Monday by James Dyson is getting into the game, announcing last week that he’s investing two billion pounds ($2.7 billion) to develop an electric car and the batteries to power it. The reasons for chasing Tesla are part city hall, part show business. Regulators in Beijing have laid out a plan to mandate electric