Two sources with knowledge of the situation say that roughly 80 to 100 employees at the company’s headquarters in Woburn, Mass., have been let go, and that Terr

Two sources with knowledge of the situation say that roughly 80 to 100 employees at the company’s headquarters in Woburn, Mass., have been let go, and that Terrafugia’s intellectual property and further development of the Transition, a light sport airplane designed to be drivable on roads, are being moved to China by owner Zhejiang Geely Holding Group, which bought the company in 2017.