By Theresa Opeka Moncure, NC – VinFast is reportedly once again considering delaying the construction of its proposed $4 billion electric vehicle factory in Moncure, Chatham County. A person ,who asked to remain anonymous because the matter isn’t public yet,…
By: Jenny Ahn Blake Spendley Ben Rappaport Editor: Daniel Sherwood Sam Koppelman Hardly anyone is buying the company’s electric vehicles — at home or abroad — according to months-long investigation spanning satellite imagery, AIS data, trade records, financial analysis, and…
By Theresa Opeka Moncure, NC – In what might be called a case of whiplash, Vietnamese electric vehicle maker VinFast has once again changed plans for its $4 billion electric vehicle factory in Moncure, Chatham County. Last week, Carolina Journal reported that in December 2023, VinFast…
Moncure, NC – On April 18, 2024, at approximately 9 a.m., law enforcement officers from the Chatham County Sheriff’s Office responded to a call for assistance from the Wake County Sheriff’s Office regarding a stolen motor vehicle entering Chatham County.…
By Theresa Opeka Moncure, NC – Construction is on hold at VinFast’s proposed $4 billion electric vehicle factory in Moncure, Chatham County, after the electric vehicle maker revised its plans for a scaled-down version of the facility. In July, the…
Pittsboro, NC – On October 16, 2023, the Chatham County Board of Commissioners approved and adopted the Plan Moncure Small Area Plan by a 4 to 1 vote. The Plan Moncure Small Area Plan has been a priority project of…
By Donald Bryson Raleigh, NC – In a 2015 Fox News interview, Charles Koch, the chairman of Koch Industries, said, “Well, corporate welfare I think is a disaster for this, this country. It’s crippling our economy. It is contributing to…
By Theresa Opeka Raleigh, NC – Coming on the heels of a second-quarter report that saw losses of $526.7 million, VinFast reported Thursday that it lost an additional $623 million for the third quarter of 2023. That brings total losses since 2021…
By Theresa Opeka Raleigh, NC – Vinfast issued an earnings report for the second quarter of 2023 on Thursday, and the news is not good for the Vietnamese electric vehicle maker. The company lost $526.7 million between April and June, and $598 million…
By Theresa Opeka Raleigh, NC – VinFast, the electric vehicle maker with plans to open a $4 billion manufacturing plant in Chatham County in 2025, has sold 11,300 vehicles during the first half of 2023. While that would usually be…