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VinFast
VinFast LLC is a Vietnamese private automotive company headquartered in Vietnam. Established in 2017, it is a member of the conglomerate organization Vingroup, that was founded by Phạm Nhật Vượng. It is the first Vietnamese car brand to expand into global markets as well as the first to expand into producing EVs such as electric cars and electric scooters. History The company was founded in 2017 by Vingroup. The company designed its models with the help of Pininfarina, BMW and Magna Steyr and participated in the 2018 Paris Motor Show. VinFast claims it will be the first volume automotive manufacturer in Vietnam as well as the first Vietnamese automaker to participate in a major international auto show. VinFast broke ground in September 2017 on an facility in an industrial park located on Cat Hai Island near the city of Hai Phong. The factory with paint shop, press shop, assembly shop and engine shop was built in just 21 months . The investment is US$1.5 billion ...
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Vingroup
Vingroup Joint Stock Company (), is the largest conglomerate of Vietnam, focusing on technology, industry, real estate development, retail, and services ranging from healthcare to hospitality. The company was founded by property developer and entrepreneur Phạm Nhật Vượng. History Vingroup was founded in Ukraine on August 8, 1993 as Technocom, originally producing dried foods, such as instant noodles, mainly under the ''Mivina'' brand by Phạm Nhật Vượng. In 2000, the company began operations in Vietnam. In 2006, Vinpearl Land, the first amusement park was opened in Nha Trang. In 2007, Vingroup was listed on the Ho Chi Minh City Stock Exchange. In 2010, Vingroup sold its Ukraine operation to Nestlé for $150 million USD. In October 2014, Vingroup bought the supermarket chain OceanMart in a move to gain market share in the retail industry, and renamed it VinMart. In September 2015, Vingroup launched a major animal conservation program on Phú Quốc, Vietnam ...
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Pininfarina
Pininfarina S.p.A. (short for Carrozzeria Pininfarina) is an Italian car design firm and coachbuilder, with headquarters in Cambiano, Turin, Italy. The company was founded by Battista "Pinin" Farina in 1930. On 14 December 2015, the Indian multinational giant Mahindra Group acquired 76.06% of Pininfarina S.p.A. for about €168 million. Pininfarina is employed by a wide variety of automobile manufacturers to design vehicles. These firms have included long-established customers such as Ferrari, Alfa Romeo, Peugeot, Fiat, GM, Lancia, and Maserati, to emerging companies in the Asian market with Chinese manufactures like AviChina, Chery, Changfeng, Brilliance, JAC and VinFast in Vietnam and Korean manufacturers Daewoo and Hyundai. Since the 1980s, Pininfarina has also designed high-speed trains, buses, trams, rolling stocks, automated light rail cars, people movers, yachts, airplanes, and private jets. Since the 1986 creation of "Pininfarina Extra", it has consulted on indu ...
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Lang Lang Proving Ground
General Motors operates several proving grounds. North America Desert Proving Ground Yuma Desert Proving Ground Yuma is a facility co-built and leased by General Motors located within the US Army's Yuma Proving Ground, near Yuma, Arizona. The facility came fully online as of July 2009. The site contains an inner facility sitting on with a campus containing of building area and also has of roadway. One of the main reasons that this site was chosen was the already imposed no fly zone which helps prevent unwanted photography of pre-production prototypes undergoing testing. The facility is also used by the US Army for their own testing requirements. Other such features are: * circle track (3 lanes) * straight track (2–3 lanes) * Ride Road (2–4 lanes) * Dynamics Pad * Interior Noise Road * Noise Pass-by Facility * Misc. grades * main building * Garage (40 hoists) * Office (120 residents/visitors) * Product Electronics/Instrumentation Lab * Alignment/Tire facilities * Tr ...
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2018 Paris Motor Show
The 2018 Paris Motor Show took place from 4 October to 14 October. For the first time, it consists in three shows dedicated to automobiles, motorcycles and new mobility. Introductions Production cars *Audi A1 * Audi E-tron EV *Audi Q3 * Audi SQ2 *BMW 3 Series (G20) *BMW X5 (G05) *BMW Z4 (G29) * DS 3 Crossback *Ferrari Monza SP1/SP2 *Honda CR-V Hybrid *Hyundai i30 Fastback N *Hyundai i30 N Option *Kia Ceed *Kia Proceed *Lexus RC (refresh) *Mercedes-Benz GLE *Mercedes-Benz EQC *Mercedes-Benz B-Class * Mercedes-AMG A35 * Peugeot 508 SW *Peugeot 508 E-Tense * Toyota Corolla Touring Sports (E210) * Toyota Yaris GR Sport (European Debut) *VinFast LUX A2.0 Saloon (European Debut) *VinFast LUX SA2.0 SUV LUX (European Debut) Concept cars *Audi R8 LMS GT3 Evo *Citroën C5 Aircross Hybrid Concept *Peugeot e-Legend concept *Renault EZ Ultimo Motorsport cars *Citroën C3 WRC (refresh) *Hyundai i20 WRC (refresh) *Hyundai i30 N TCR Touring Car (refresh) *Peugeot 208 WRX FIA Europ ...
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Phạm Nhật Vượng
Phạm Nhật Vượng (born 5 August 1968) is a Vietnamese property developer and Vietnam's first billionaire. He is the founder and chairman of Vingroup. Personal life Vượng was born on 5 August 1968 in Hanoi; his paternal family has origins in Hà Tĩnh in north-central Vietnam. His father served in the Vietnamese Army's air defence division, and his mother had a tea shop, which left the family with a very meager income. He grew up in Hanoi and graduated from Kim Lien High School in 1985. In 1987, he entered Hanoi University of Mining and Geology and was sent to Russia to study in the Moscow Geological Prospecting Institute, for which he was able to obtain a scholarship thanks to his profound mathematical aptitude. He graduated from this university in 1992. After graduating, he married Phạm Trang Hương, whom he had known since high school, and moved to Kharkiv, Ukraine. The couple has 3 children: Phạm Nhật Quân Anh - current Deputy General Director of Vin ...
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Opel
Opel Automobile GmbH (), usually shortened to Opel, is a German automobile manufacturer which has been a subsidiary of Stellantis since 16 January 2021. It was owned by the American automaker General Motors from 1929 until 2017 and the PSA Group, a predecessor of Stellantis, from 2017 until 2021. Opel vehicles are sold in the United Kingdom as Vauxhall Motors, Vauxhall. Some Opel vehicles were badge engineering, badge-engineered in Australia under the Holden brand until 2020 and in North America and China under the Buick, Saturn Corporation, Saturn, and Cadillac brands. Opel traces its roots to a sewing machine manufacturer founded by Adam Opel in 1862 in Rüsselsheim am Main. The company began manufacturing bicycles in 1886 and produced its first automobile in 1899. With the Opel RAK program, the world's first rocket program, under the leadership of Fritz von Opel, the company played an important role in the history of aviation and spaceflight: Various land speed records were a ...
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Magna Steyr
Magna Steyr AG & Co KG is an automobile manufacturer based in Graz, Austria, where its primary manufacturing plant is also located. It is a subsidiary of Canadian-based Magna International and was previously part of the Steyr-Daimler-Puch conglomerate. Magna Steyr engineers develop and assemble automobiles for other companies on a contractual basis; therefore, ''Magna Steyr'' is not an automobile marque. In 2002, the company absorbed Daimler AG's Eurostar vehicle assembly facility. With an annual production capacity of approximately 200,000 vehicles as of 2018, it is the largest contract manufacturer for automobiles worldwide. The company has several manufacturing sites, with its main car production in Graz in Austria. Magna Steyr developed Mercedes-Benz's " 4Matic" all-wheel drive (AWD) system, and was the sole manufacturer of all E-Class 4Matic models between 1996 and 2006. The company also undertook substantial development on the BMW X3 and manufactured all original X3s (m ...
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Limited Liability Company
A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under state law; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). An LLC is a hybrid le ...
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Formula One
Formula One (also known as Formula 1 or F1) is the highest class of international racing for open-wheel single-seater formula racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The World Drivers' Championship, which became the FIA Formula One World Championship in 1981, has been one of the premier forms of racing around the world since its inaugural season in 1950. The word ''formula'' in the name refers to the set of rules to which all participants' cars must conform. A Formula One season consists of a series of races, known as ''Grands Prix'', which take place worldwide on both purpose-built circuits and closed public roads. A points system is used at Grands Prix to determine two annual World Championships: one for drivers, the other for constructors. Each driver must hold a valid Super Licence, the highest class of racing licence issued by the FIA. The races must run on tracks graded "1" (formerly "A"), the highest grade-rating issued ...
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Vietnamese Grand Prix
The Vietnamese Grand Prix ( vi, Giải đua Việt Nam) was a proposed Formula One Grand Prix that was first due to take place in April 2020. The race was initially postponed and later cancelled due to the COVID-19 pandemic and the inaugural edition of the event postponed indefinitely. The Grand Prix was removed from the 2021 calendar because of the arrest of Hanoi People's Committee Chairman Nguyễn Đức Chung on corruption charges unrelated to the Grand Prix. History Plans for a race in Vietnam were first explored by former Formula One CEO Bernie Ecclestone, who abandoned the idea as there were already four races in East Asia at the time (the Malaysian, Singapore, Chinese and Japanese Grands Prix). Ecclestone also acknowledged that the failure of the Korean and Indian Grands Prix left him doubtful of the long-term viability of a race in Vietnam. The idea was revived after Liberty Media purchased the commercial rights to the sport from CVC Capital Partners in January 2017. ...
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COVID-19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history. COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets and ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ...
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