The Japanese automaker is carving deep cuts in its global operations as it struggles with a steep drop in sales.

Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect.

Although Donald Trump has opposed policies that favor electric cars, if he becomes president he could ease regulatory scrutiny of Tesla or protect lucrative credits and subsidies.

Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.

The auto maker’s top employee representative told workers that management planned to shutter three factories in Germany to cut costs amid slumping sales.

The thinner air affects the cars in many ways, including the performance of the turbo engines, brakes and tires. “It’s like driving in the wet,” the driver Lance Stroll of Aston Martin said.