Why U.S. car dealers are taking an interest in VinFast

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“Is there room for more brands? Yeah, there probably is. It’s just too early to tell,” said George Glassman, president of Glassman Automotive Group, which sells five automotive brands outside Detroit. “I’d need to see more before I could make an intelligent decision.”

VinFast made its U.S. market debut on Tuesday and shares soared, at one point giving the startup a market valuation of $85 billion — far higher than that of Ford Motor Co. or General Motors at the time. Since…

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