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Top related persons:
Steve Marcus - 1 David Mansfield - 1 Le Thi - 1 – - 1 Pham Nhat Vuong - 1 Vuong - 1 it’s - 1 VinFast - 1
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U.S Las Vegas , Nevada Los Angeles , California Europe Bengaluru
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VinFast Global - 2 REUTERS - 2 Thomson - 2 Las Vegas Convention - 1 Rights MELBOURNE - 1 VinFast Auto - 1 Finance - 1 Vietnam’s - 1

Search resuls for: "VinFast Global"


2 mentions found


☆ VinFast’s volatile stock has an easy, painful fix
  + stars: | 2023-08-30 | by ( Antony Currie | ) www.reuters.com   time to read: +3 min
On Tuesday the Vietnamese nascent electric-car maker’s shares capped a flighty first fortnight as a publicly traded company by tumbling 44%. Yet the unprofitable manufacturer still sports a racy $107 billion market capitalisation courtesy of the previous eightfold rocketing of its stock since its merger with a blank cheque company in mid-August. Even with the wild swings, the stock trades almost five times higher than what already looked like a punchy valuation when the merger was announced in May. Granted, VinFast might not be desperate for cash – parent Vingroup (VIC.HM) and Vuong injected $2.5 billion in April. Absent a rapid rise in car sales, though, VinFast’s zippy valuation is heading for more crashes anyway.
Persons: Steve Marcus, David Mansfield, Le Thi, –, Pham Nhat Vuong, Vuong, it’s, VinFast, Una Galani, Thomas Shum Organizations: VinFast Global, Las Vegas Convention, REUTERS, Rights MELBOURNE, Reuters, VinFast Auto, Finance, Vietnam’s, Ford, GM, Thomson Locations: Las Vegas , Nevada, U.S
☆ EV maker Nikola says CEO Lohscheller to step down
  + stars: | 2023-08-04 | by ( ) www.reuters.com   time to read: +1 min
VinFast Global CEO Michael Lohscheller looks on during the Vietnamese car company's EV global premiere during the 2021 LA Auto Show in Los Angeles, California, U.S. November, 17, 2021. REUTERS/Mike Blake/File photoCompanies Nikola Corp FollowAug 4 (Reuters) - Electric truck maker Nikola said on Friday that Michael Lohscheller will step down as chief executive officer and would be replaced by Stephen Girsky at the end of the month. Separately, Nikola reported a narrower second-quarter loss as lower production of its Tre battery-electric trucks in the April-June period helped keep costs in check. Lohscheller has decided to step down due to a family health matter and will be returning to Europe, the company said, adding that he would remain in an advisory capacity through the end of September. Reporting by Akash Sriram in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Persons: Michael Lohscheller, Mike Blake, Nikola, Stephen Girsky, Lohscheller, Akash Sriram, Anil D'Silva Organizations: VinFast Global, EV, REUTERS, Nikola, Thomson Locations: Los Angeles , California, U.S, Europe, Bengaluru
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