VinFast Is Burning Through Its Founder’s Cash At An Alarming Rate

Good morning! It’s Friday, April 26, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: ViFast Handed Another $1 Billion Vietnamese automaker VinFast is really trying to get itself taken seriously … Read more

$10 Doesn’t Buy Much These Days, But It’ll Get You 3 Shares Of Vinfast With Some Change Left Over

Photo: VinFast Considering how bad our first experience with the VinFast VF8 was, it didn’t seem like the best idea for VinFast to go public. Then again, no one at Jalopnik is an investment expert, so maybe someone smarter was giving better advice we just couldn’t understand. Right out of the gate, it looked like … Read more

EV Sales Need To Rise 500 Percent By 2032 To Hit Emissions Goal

Good morning! It’s Monday, March 18, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: We Need To Sell Way More EVs Slowly but surely, electric cars are filling our streets … Read more

VinFast Blew Through $650 Million In The Last Quarter

VinFast is having a pretty brutal time right now, but that hasn’t stopped the nascent Vietnamese automaker from being optimistic about its future. Sure, it managed to have a $650.1 million net loss in the last quarter of 2023, and sure it sold fewer than 35,000 vehicles all of last year, but that isn’t going … Read more

The EV Stock Bubble Is Bursting

Good morning! It’s Monday, January 22, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Walter Isaacson On Elon Musk(s) 1st Gear: Electric Vehicle Stocks Are Down Bad Tesla’s stock is having a … Read more

VinFast’s Plans For 2024 Involve Everything But Making Good Cars

Photo: VinFast The VinFast VF8 is a bad car, and with a base price of nearly $50,000, you can’t even make the argument that it doesn’t need to be fancy because it’s cheap. Despite that (and all the negative reviews that came from the press launch), VinFast decided to start selling its cars in the … Read more

Vietnam EV maker VinFast names founder as CEO, replaces CFO

Vietnamese electric vehicle (EV) maker VinFast on Saturday named its founder and biggest financial backer Pham Nhat Vuong as chief executive as it plans an ambitious overseas expansion and ramps up sales via dealerships. Vuong, 55, replaces Le Thi Thu Thuy, who held the post since late 2021, VinFast said in a statement. Thuy, a … Read more