We’ll be curating stories from management guru John Bittleston and making them free to read.VinFast follows a long list of Chinese carmakers that have also had ambitions to sell vehicles in the US going back more than a decade. Though the plans have yet come to fruition, Guangzhou Automobile Group Co, Zotye Automobile Co and others have set up local sales units and research-and-development operations to show just how serious they are.
And VinFast will have to overcome an even more daunting task of winning over demanding consumers in the US and other developed markets, where emissions and crash standards are stringent. Many consumers prefer a second-hand Honda Motor Co or Toyota vehicle over a new car with an unfamiliar brand name, Mr Dunne said. The Vietnamese carmaker will need to produce at least 100,000 vehicles a year to be cost competitive, develop a global brand and establish a parts-and-services network, he said. Still, VinFast has an opportunity to crack smaller South-east Asian markets, Mr Dunne added.
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian shares edge lower as investors await tariff deadlineAsian equity markets were a tad lower on Tuesday as investors refrained from making major bets before Dec. 15, when the next round of U.S. tariffs ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Saudi Aramco IPO proceeds rise to US$29.4 billion after option exercised: ReportThe proceeds from Saudi Aramco's record initial public offering have risen to US$29.4 billion after the oil company exercised an option to sell ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Man who ate US$120,000 banana at art show says 'I'm not sorry'A performance artist who ate a banana taped to a wall that was an artwork valued at US$120,000 said his actions were not vandalism and he does not ... Of course he didn't apologise. That is a joke. It isn't art.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Man who ate US$120,000 banana at art show says 'I'm not sorry'A performance artist who ate a banana taped to a wall that was an artwork valued at US$120,000 said his actions were not vandalism and he does not ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Testimony begins in US states' lawsuit to block T-Mobile/Sprint dealWitness testimony began Monday over an effort by U.S. state attorneys general to stop T-Mobile US Inc from buying Sprint Corp, in a case that ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Testimony begins in US states' lawsuit to block T-Mobile/Sprint dealWitness testimony began Monday over an effort by U.S. state attorneys general to stop T-Mobile U.S. from buying Sprint Corp , in a case that ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »