VinFast Founder Isn't Planning To Invest Any More Of His Money In Firm | Carscoops

United States News News

VinFast Founder Isn't Planning To Invest Any More Of His Money In Firm | Carscoops
United States Latest News,United States Headlines
  • 📰 Carscoop
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

VinFast Founder Isn't Planning To Invest Any More Of His Money In Firm | Carscoops carscoops

has no immediate plans to invest more money into the company. This comes despite the company losing billions of dollars and falling behind in its plans for a factory in the United States.

, VinFast chief executive Le Thi Thu Thuy said he won’t provide further personal investments into the firm and that it has the funds needed to continue normal operations.and in a filing issued in December, revealed that it had lost $1.3 billion in 2021 and close to $1.5 billion in the nine months through September 30. It expects to continue to incur operating and net losses in the near term.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Carscoop /  🏆 306. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

VinFast Founder No Longer Putting His Own Money Into The EV MakerVinFast Founder No Longer Putting His Own Money Into The EV MakerBillionaire Pham Nhat Vuong has no plans as yet to invest more into VinFast even though the firm falls behind on US factory construction plans and cuts staff.
Read more »

Dr. Leonard Cobb, contributing founder of Medic One, diesDr. Leonard Cobb, contributing founder of Medic One, diesDr. Leonard Cobb, one of the founders of the Seattle Fire Medic One program, died on Tuesday.
Read more »

Bankman-Fried's Bond Co-Signers Identified, Bitcoin Foundation Founder ReactsBankman-Fried's Bond Co-Signers Identified, Bitcoin Foundation Founder ReactsCharlie Shrem, Bitcoin Foundation founder and 'The Charlie Shrem' show host, shares his reaction to Sam Bankman-Fried’s bond co-signers being revealed. Andreas Paepcke and Larry Kramer put up $200,000 and $500,000, respectively. Paepcke is a senior research scientist while Kramer is a former dean of Stanford Law School. 'I can't believe it. I'm so surprised,' Shrem said.
Read more »

Breakingviews - Silly Meta, Roblox isn’t just for kidsBreakingviews - Silly Meta, Roblox isn’t just for kidsVideo-game and social-media hub Roblox isn’t playing around when it comes to expanding its audience. The company behind MeepCity and Royale High has been racing alongside Meta Platforms to turn the metaverse into more than just a vague buzzword. Despite being unprofitable and considerably smaller than Facebook’s owner, it is putting up a solid fight.
Read more »

WSJ News Exclusive | WallStreetBets Founder Sues RedditWSJ News Exclusive | WallStreetBets Founder Sues RedditJaime Rogozinski is accusing the platform of breaching its policies by ousting him from his role as a moderator in 2020 and infringing on his right to trademark the brand.
Read more »

'It’s pretty terrifying:' Founder of drug recovery program's warning about 'tranq' dope'It’s pretty terrifying:' Founder of drug recovery program's warning about 'tranq' dopeThe founder of a non-profit drug recovery program is warning that 'Tranq' dope is spreading and causes tremendous harm to users while also putting strain on health care systems. FOX13
Read more »



Render Time: 2025-02-23 13:21:05