EV maker VinFast narrows Q3 losses, beats revenue estimates on strong demand

HANOI (Reuters) – Vietnamese electric vehicle (EV) manufacturer VinFast on Tuesday reported a smaller $550 million net loss for the third quarter compared with a year earlier, helped by lower costs for materials and ramped-up production volumes. The Haiphong, Vietnam-based company delivered 44,773 cars in the first nine months of 2024, more than 55% of…

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U.S. trade partners warn Trump tariffs would harm all involved

(Reuters) – Officials from Mexico, Canada and China warned U.S. President-elect Donald Trump’s threat of imposing hefty tariffs on goods from the three largest U.S. trading partners would harm the economies of all involved and would risk aggravating inflation and damaging job markets. In their initial round of responses to Trump’s surprise announcement on Monday…

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