VinFast divests mfg unit in $530M restructuring deal

VinFast has announced a major restructuring exercise involving its manufacturing business in Vietnam in a deal valued at around USD 530 million (approximately VND 13.3 trillion). The move is aimed at improving capital efficiency, reducing debt burden and helping the EV maker move faster towards profitability.As part of the restructuring, VinFast will separate its manufacturing…

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New Kia Seltos spied testing with possible Hybrid setup: Details

Kia India recently launched the new second-generation Kia Seltos in the Indian market, bringing major updates in terms of design, features and underpinnings. However, despite the SUV being a relatively fresh launch, the model has once again been spotted undergoing road tests, hinting at the possibility of a new powertrain option under development. The latest-generation…

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