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VINFAST AND GENERAL MOTORS SIGN LANDMARK STRATEGIC PARTNERSHIP AGREEMENT IN VIETNAM

Today we’re making a very exciting announcement that General Motors has signed a landmark strategic partnership agreement with VinFast – a subsidiary of leading Vietnamese corporation, Vingroup – that will drive the long-term growth of not only the Chevrolet and VinFast brands, but the entire automotive industry in Vietnam.

This partnership strengthens Chevrolet’s position and potential in the Vietnam market. We’re excited about continuing to build a bright future for Chevrolet in Vietnam with our new partner, VinFast. Marrying the global scale and expertise of GM with the local strength and reach of VinFast will drive both brands forward, which is great news for our customers!

GM has appointed VinFast to become the exclusive distributor of Chevrolet vehicles in Vietnam, utilizing our existing national Chevrolet dealer network. There will be no change for you, our valued Chevrolet customers. Our nationwide Chevrolet dealer network will continue to sell Chevrolet vehicles and look after our customers for sales, repairs, aftersales and warranty work as they have always done. We are here to look after you.

We’re also actively exploring our options to expand the Chevrolet vehicle line-up in Vietnam, so look out for more new Chevrolet models in our showrooms soon!

GM will also become a preferred automotive technology provider to VinFast, opening pathways for potential future product sharing and joint projects, providing opportunities to drive both brands forward. While we are making the announcement today, the partnership will officially take effect late this year in the fourth quarter.

This is a landmark partnership in Vietnam, spanning sales distribution, manufacturing, technology and engineering. This alliance leverages the strengths of both companies and will drive forward not just Chevrolet, but the entire Vietnamese industry.

We’re excited about the potential this partnership offers for Chevrolet, now and long into the future.

Q&A

Q: What does this announcement mean?
A: General Motors has signed a landmark strategic partnership agreement with VinFast which will make VinFast the exclusive distributor of Chevrolet vehicles in Vietnam, using the existing national network of Chevrolet dealers.

GM will also license a global small car to VinFast to be manufactured in Hanoi and sold under the VinFast brand as part of a broader partnership that will drive the entire automotive industry forward in Vietnam.

This is a win-win outcome for both brands and our customers. It will help take Chevrolet forward and build a bright future with our local partner, VinFast. VinFast is taking the Vietnamese automotive industry to a new level as it brings its vision to life and Chevrolet is excited to be a key part of that. 

While we are making the announcement today, the transition with VinFast will happen later this year, by the end of 2018.

For our customers, nothing changes. Chevrolet will continue to deliver world-class vehicles to our customers and provide outstanding customer service and aftersales service. In fact, this partnership underpins growth potential for Chevrolet and we’re excited about continuing to build the Chevrolet brand and we are actively exploring opportunities to expand our vehicle line-up in Vietnam.

This is a landmark partnership in Vietnam, that leverages the inherent strengths of both companies and will drive forward not just Chevrolet, but the entire industry. We’re proud and excited about the potential this partnership offers now and long into the future.

Q: What will this mean for Chevrolet?
A: We’re excited about entering into this landmark partnership with our new partner, VinFast. Together we will drive both Chevrolet forward and support VinFast in its vision for the Vietnamese automotive industry.

We’re also actively exploring expanding our Chevrolet vehicle portfolio to welcome even more customers to the Chevrolet family now and long into the future, so stay tuned!

Q. Does anything change with servicing my Chevrolet vehicle?
A. There is no change for our customers. Chevrolet dealers will continue to sell our vehicles and look after our customers with the same commitment and level of care we deliver every day.

Q. For how long does GM guarantee spare parts availability?
A. Our spare parts availability is unchanged as we continue to do business in Vietnam and grow the Chevrolet brand. In fact, our approach is to have spare parts availability for at least 10 years after a vehicle stops production. We’re committed to looking after our customers for the long term.