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

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

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