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Shakeup at Troubled VinFast: Vietnamese Automaker Names New CEO, CFO

Shakeup at Troubled VinFast: Vietnamese Automaker Names New CEO, CFO

Since announcing plans to enter the U.S. market, Vietnamese automaker VinFast has faced a series of problems and responded with a series of management shakeups. The latest sees its CEO “transition” to a new job, while founder Pham Nhat Vuong takes over her post. The automaker also said Saturday that it has replaced its chief financial officer.

Musk Shuts Down Hyperloop

Musk Shuts Down Hyperloop

It was supposed to provide a high-speed alternative to air travel, but Elon Musk is quietly shutting down his once-promising hyperloop company at the end of this year. Its assets are being sold off to a Dubai-based shipping company, though it’s far from clear that will ever bring the maglev system into real-world operation. Get details at Headlight.News.