VinFast Auto (VFS) VinFast reports revenue surge in first annual report since debut
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Unifor sets their sights on GM as next bargaining 'target'
September 25, 2023 2:57 PM EDTCanadian union Unifor wasted no time in setting its sights on the next bargaining challenge, announcing General Motors (NYSE: GM) as its second "target" in contract talks with the Detroit Three. This strategic move comes just a day after the union successfully ratified a new... More
Ford (F) is making strides but says 'significant gaps' remain in UAW labor talks
September 25, 2023 8:21 AM EDTFord Motors (NYSE: F) revealed this past Sunday that while negotiations between the Detroit automaker and the United auto Workers (UAW) union have made strides in certain areas, they still have "significant gaps to close" on key economic issues before they can finalize a fresh labor agreement.
The "issues are interconnected and must work within an overall agreement... More
Ford (F) gains as UAW announces progress in negotiations ahead of strike expansion deadline
September 22, 2023 10:22 AM EDTShares of Ford Motor (NYSE: F) surged by 4.4% in early trading following reports that the United Auto Workers (UAW) will announce substantial progress in its discussions with the automaker as we approach a Friday deadline for securing fresh labor agreements before the union potentially escalates its strike with the Detroit Three automakers.
shares of General Motors (NYSE: GM) were up 0.4%, giving back... More
VinFast (VFS) to deliver EVs to European market this year
September 21, 2023 1:41 PM EDTThuy Le, the CEO of VinFast (NASDAQ: VFS), revealed Thursday that the electric automaker intends to send its first batch of electric vehicles to Europe later this year, following the receipt of regulatory approval.
Under the plan, approximately 3,000 VF8 crossover vehicles will be... More
VinFast quarterly revenue surges in first report since market debut
September 21, 2023 6:55 AM EDTBy Chavi Mehta and Phuong Nguyen
(Reuters) -Vietnamese electric-vehicle maker VinFast said on Thursday its revenue more than doubled in the second quarter on higher deliveries to domestic customers, in its first results since its market debut last month.
VinFast, backed by Vietnam's largest conglomerate Vingroup, garnered a valuation of about $85 billion higher than that of legacy U.S. automakers Ford on its Nasdaq debut, raising the stakes for the company to show growth overseas.
The company's shares were down about 7.5% as of 1446 GMT. They have lost about 54% of their value since the start of trading on... More
VinFast Auto (VFS) Reports Q2 Loss of $0.23/sh, EV Deliveries at 9,535; Guides FY Deliveries of 40K-50K;
September 21, 2023 6:24 AM EDT(Updated - September 21, 2023 6:27 AM EDT)
VinFast Auto (NASDAQ: VFS) Q2 EV Deliveries at 9,535
E-scooters deliveries were 10,182.Total revenues were VND7,952,531M ($334.1M), an increase of 131.2% from the Q2 of 2022.Guides FY vehicle deliveries of... MoreVinfast's VF8 SUV Receives Approval From European Regulator To Start Sales In The Bloc - CEO
September 21, 2023 5:42 AM EDTVinfast's VF8 SUV Receives Approval From European Regulator To Start Sales In The Bloc - CEO
Vinfast plans to ship 3,000 EVs to France, Germany, Netherlands this year.... More