Betty C. Morrow

Vietnam’s answer to Tesla has U.S. in its electric sights By Reuters


© Reuters. A labourer works in VinFast’s factory in Hai Phong City

By James Pearson and Phuong Nguyen

HAIPHONG, Vietnam (Reuters) – Move over Tesla, how about a VinFast?

That’s the proposition being offered by the automobile arm of Vietnam’s largest conglomerate, Vingroup. It’s betting big on the U.S. market with its VinFast line of cars and hoping that electric SUVs and a battery leasing model will be enough to woo consumers away from homegrown market leaders like Tesla and General Motors Co (NYSE:).

A recent arrival on the automotive scene and the No. 5 car brand in Vietnam, VinFast is not short on ambition, with its sights set on a U.S. listing and a valuation of as much as $60 billion, according to two sources familiar with its plans.

(GRAPHIC: VinFast fifth in terms of Vietnam sales in 2020 – https://graphics.reuters.com/VIETNAM-VINFAST/rlgvdzyjgvo/chart.png)

It will launch in North America and Europe

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Uc Davis School Of Law

Peter “PJ” Carlesimo was a reserve on Fordham’s 1971 group; he later turned the pinnacle coach of the Brooklyn Nets NBA franchise and was concerned in a well-known choking incident with Latrell Sprewell. Fordham basketball performs in the Rose Hill Gymnasium (also known as “The Prairie”), the oldest on-campus venue in use by an NCAA Division I basketball staff. The Ram’s soccer group ended the 1929 season as title holders based on college football’s fictitious national championship, boasts two bowl recreation appearances , two Patriot League championships and corresponding NCAA Division I Football Championship appearances. It is best recognized, nonetheless, for the “Seven Blocks of Granite,” a reputation given to the staff’s 1928 and 1936 offensive traces. The 1936 staff was coached by “Sleepy” Jim Crowley, one of the University of Notre Dame’s famed “Four Horsemen,” and included Vince Lombardi, the legendary Green Bay Packers coach. The group provoked the … Read More

Penske Automotive Group Inc (PAG) Q1 2021 Earnings Call Transcript

Logo of jester cap with thought bubble.

Image source: The Motley Fool.

Penske Automotive Group Inc (NYSE:PAG)
Q1 2021 Earnings Call
Apr 28, 2021, 2:00 p.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Good afternoon, ladies and gentlemen. Welcome to the Penske Automotive Group First Quarter 2021 Earnings Conference Call. Today’s call is being recorded and will be available for replay approximately one hour after completion through May 5, 2021, on the company’s website under the Investors tab at www.penskeautomotive.com. I will now introduce Anthony Pordon, the company’s Executive Vice President of Investor Relations and Corporate Development. Sir, please go ahead.

Anthony R. PordonExecutive Vice President of IR & Corporate Development

Thank you, Maria. Good afternoon, everyone, and also thank you for joining us today. A press release detailing Penske Automotive Group’s first quarter 2021 financial results was issued this morning and is posted on our website

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90% of UK car manufacturers struggling with new Brexit rules

UK car production rose 46.6% in March. Photo: Getty Images

UK car production rose 46.6% in March. Photo: Getty Images

Almost all car makers in the UK are having a hard time figuring out new trade rules post-Brexit, the Society of Motor Manufacturers and Traders (SMMT) said on Thursday, as it announced that UK car production rose for the first time in 18 months.

“Automotive businesses are working incredibly hard to maintain output, with some nine-in-ten (91%) firms spending more time and resource managing UK/EU trade than in 2020,” the body said.

More than a third (36%) are devoting more resources to ‘rest of the world’ trade.

The SMMT said that as UK automotive is export-led, maintaining free and fair trade with all nations is “crucial to its future prosperity.”

WATCH: Daily politics briefing: April 29

Read more: Lotus to build electric sports cars in UK as part of £2.5bn plan

Exports to the EU, US and Asia were all

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