VinFast VF e34

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

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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

VinFast Blew Through $650 Million In The Last Quarter

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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