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VinFast losses deepen as NC-bound carmaker preps SPAC deal

VinFast losses deepen as NC-bound carmaker preps SPAC deal
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VinFast losses, already in the billions, worsen as NC-bound carmaker aims to go public

VinFast, the Vietnamese automaker building a massive assembly plant near the North Carolina Triangle, keeps burning cash. On Thursday, the company reported it had lost more than $598 million in the first quarter of this year, as its revenue declined 49% from the same period last year. Overall, VinFast lost $2.1 billion in 2022 and $1.3 billion the year prior. VinFast is a relatively new car . ....

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