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‘Built for the Long Term’: Why U.S. Partners Believe in VinFast’s Global Service Strategy

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IRVINE, Calif., May 23, 2026 /PRNewswire/ — As the global electric vehicle market enters a more competitive and demanding phase, automakers are increasingly realizing that success is no longer defined solely by product specifications or pricing. In today’s EV landscape, customer confidence, long-term ownership experience, and after-sales support are becoming decisive factors that separate sustainable brands from short-lived challengers.

Against that backdrop, VinFast is pursuing a distinctive global strategy, positioning after-sales service as a core competitive advantage.

That strategy was reinforced recently as VinFast signed new Memorandums of Understanding (MOUs) with 29 after-sales partners across international markets during a global partner event that brought together more than 200 investors, distributors, dealers, and service partners from North America, Europe, the Middle East, India, Indonesia, the Philippines, and Kazakhstan. The event marked a major milestone in VinFast’s efforts to rapidly scale its global service infrastructure and strengthen customer support capabilities worldwide.

After-sales as the foundation of global expansion

VinFast plans to expand its global service network to more than 1,100 workshops worldwide in 2026, spanning North America, Europe, the Middle East, and Asia. The network will operate under multiple models, including dealership service centers, fleet-support facilities, and third-party authorized repair partners in local markets.

In the United States, VinFast is expanding its after-sales capabilities through authorized service partnerships such as RepairWise, a digital-first automotive service platform that connects customers with certified repair facilities through remote diagnostics, online repair estimates, and streamlined appointment scheduling. The partnership is designed to complement and extend existing dealer service capabilities by helping improve service accessibility, reduce appointment wait times, and expand coverage in areas where dealership infrastructure is still growing.

In the EV industry, where concerns around battery health, maintenance costs, charging accessibility, and software reliability remain top priorities for consumers, a strong after-sales ecosystem is increasingly viewed as essential infrastructure. This is particularly true in the United States, one of the world’s most competitive and service-sensitive automotive markets.

For VinFast’s American partners, the company’s commitment to after-sales support is one of the primary reasons they believe the brand has long-term potential in the U.S.

‘What impressed us most was the ecosystem’

David Pributsky, Chief Commercial Officer and co-founder of Repairwise North America, said one of the most striking aspects of VinFast is not just the company itself, but the scale and integration of the broader Vingroup ecosystem supporting it.

According to Pributsky, what distinguishes VinFast from many emerging automakers is the fact that it is backed by a comprehensive ecosystem with interconnected capabilities across multiple sectors. “I’ve never worked directly with a company that has so many interconnected components within one ecosystem,” he said. “That’s something completely new to me.”

Anthony Rodio, CEO and co-founder of Repairwise, emphasized that visiting Vietnam and seeing the broader Vingroup ecosystem firsthand gave international partners greater confidence in VinFast’s long-term aspirations.

“One of the biggest surprises for me was having the opportunity to see the full breadth of the Vingroup ecosystem, from VinUniversity to the group’s many subsidiaries,” Rodio said. “It demonstrates a genuine commitment by VinFast and Vingroup to Vietnam, to its people, and to industries that are creating jobs, supporting communities, and driving economic growth.”

Why the after-sales strategy matters in America

The U.S. EV market is entering a transitional period. While consumer interest in electric vehicles remains strong, several legacy automakers have recently slowed or adjusted their EV expansion plans amid profitability concerns and changing market conditions.

For VinFast’s partners, that shift creates opportunity.

Pributsky believes there is a meaningful gap in the American market for well-equipped EVs offered at accessible price points and supported by strong customer service infrastructure.

“I strongly believe EVs represent better technology for the future,” he said. “However, in the U.S. market today, there are still too many expensive EVs and not enough high-quality options at accessible price points.”

According to him, VinFast’s integrated approach makes the company particularly compelling. “The combination of charging infrastructure, after-sales support, and competitive pricing makes VinFast very compelling for the U.S. market,” Pributsky explained. “That’s one of the key reasons we’re excited to work with them and help grow their presence in our market.”

He also believes VinFast’s long-term commitment gives the company a realistic pathway toward growth despite the challenges of entering a highly competitive market.

“The U.S. market is highly competitive and very different from Southeast Asia,” he acknowledged. “But I believe VinFast has an opportunity to gain traction.”

Importantly, he emphasized that VinFast’s willingness to invest heavily in service infrastructure is what gives partners confidence. “VinFast has demonstrated real commitment, and they have the people and resources to support their aspirations,” he said. “Expanding in the U.S. is not easy, but they are clearly committed to building for the long term.”

Rodio similarly believes after-sales coverage could become one of VinFast’s strongest advantages in the United States, especially given the country’s geographic scale.

“The U.S. is an enormous market,” Rodio said. “That creates a major opportunity for us to help provide service coverage for VinFast customers in areas where there may not yet be dealerships.”

“Our role is to help make the VinFast ownership experience easier and more convenient for customers across the United States,” Rodio said. “Through our digital service platform and independent repair network, we can help customers access qualified service locations more quickly, receive transparent repair estimates, and schedule repairs efficiently, whether they need warranty support or routine maintenance.”

He added that the partnership is designed to strengthen VinFast’s overall after-sales ecosystem while also supporting dealer operations as the brand continues expanding its retail footprint in the U.S. “As VinFast grows, having multiple authorized service pathways helps improve customer access, reduce delays, and create a more seamless ownership experience.”

VinFast’s expanded after-sales strategy is designed to work alongside its dealership network, with authorized third-party service partners helping extend service accessibility and customer support coverage in select markets. As the company continues growing its retail and dealership footprint in the United States, VinFast says the additional service infrastructure is intended to improve convenience and responsiveness for customers while supporting dealers with broader service capacity.

Confidence built through partnership

Beyond infrastructure and strategy, VinFast’s partners also point to the company’s collaborative mindset as a major reason they are committed to supporting its expansion.

Pributsky said Repairwise has worked closely with VinFast through a wide range of operational challenges and has been impressed by the company’s responsiveness and willingness to improve.

“VinFast has been an excellent partner for us,” he said. “They’ve provided strong support, and we’ve worked through many challenges together.”

More importantly, he emphasized that VinFast demonstrates a level of openness and adaptability that is critical for a fast-growing global company. “They listen carefully, they want to improve, and they’re always looking for ways to do better,” he said. “We also continue learning and improving on our side, but I’m deeply committed to this partnership and to what we’re building together in the United States.”

That spirit of long-term collaboration was reinforced throughout the global partner event, where many attendees highlighted the speed at which VinFast is evolving both technologically and operationally.

Following tours of VinFast’s manufacturing facilities, both executives expressed surprise at the level of automation and modernization inside the company’s production ecosystem.

“My first impression was how automated and advanced the factory was,” Rodio said. “Before visiting, I imagined a much more manual operation, but instead the facility was highly modern and technologically sophisticated.”

Together, those experiences reinforced a broader conclusion shared by many international partners. VinFast is not approaching global expansion as a short-term experiment. Instead, the company is investing in the long-term foundations necessary to compete internationally.

In an increasingly crowded EV market, VinFast’s belief that customer trust is earned through long-term service may ultimately become one of its most important differentiators. And for partners in the United States, that commitment is exactly why they believe the company deserves serious attention.

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SOURCE Vinfast Auto LLC

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FDIC Appoints Sunwest Bank as Nano Banc’s Acquiring Institution

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IRVINE, Calif., Sept. 25, 2026 /PRNewswire/ — Sunwest Bank has acquired Nano Banc of Irvine, California in an FDIC-assisted acquisition. The Federal Deposit Insurance Corporation (FDIC) accepted receivership of Nano Banc from the Department of Financial Protection and Innovation (DFPI), which closed Nano Banc on Friday, September 25th. The FDIC subsequently entered into an agreement with Sunwest Bank, under which Sunwest agreed to acquire substantially all the deposits and a portion of assets of Nano Banc. The assumed deposits total approximately $605 million and assumed loans total $227 million.

Nano Banc customers will have immediate access to their deposits. Over the weekend, they can access their deposits by writing checks, using ATMs or through their debit cards. Checks drawn on Nano Banc will continue to be processed. All loan customers should continue to make their payments as usual. The former Nano Banc will reopen as Sunwest Bank on Monday, September 28th.

“We are honored to once again to be selected by the FDIC as the acquiring institution of an FDIC-assisted acquisition, marking the sixth time Sunwest Bank has completed such a transaction,” said Carson Lappetito, President and CEO of Sunwest Bank. “This opportunity reflects the financial strength, disciplined management, and stability that have defined Sunwest Bank for more than five decades. We are excited to welcome Nano Banc’s customers to Sunwest and show them the high-touch service, advanced technology and sophistication we offer to our clients.”

Customers with questions should contact the FDIC toll-free at 1-866-314-1744 or visit the FDIC Website at FDIC.GOV. This phone number will be operational this evening until 8:00 p.m., Pacific Time (PT); on Saturday from 9:00 a.m. to 5:00 p.m., PT; Sunday from noon to 12:00 p.m. to 4:00 p.m., PT; Monday from 8:00 a.m. to 5:00 p.m., PT, and thereafter, weekdays from 8:00 a.m. to 4:00 p.m., PT. 

About Sunwest Bank

Founded in 1969, Sunwest Bank is a privately held commercial bank with over $5.0 billion in assets. With a growing presence throughout the United States, Sunwest is headquartered in Sandy, Utah, with offices across California, Arizona, Idaho, Colorado, Utah, and Florida. The bank partners with businesses,

individuals, and entrepreneurs nationwide to deliver leading banking services including technology forward treasury management, commercial and real estate lending products, and corporate financial solutions.

With a strong capital position and a commitment to innovation, Sunwest Bank continues to challenge traditional banking models through forward-thinking initiatives designed to support its clients’ growth and long-term success. Sunwest Bank operates with a Fortress Balance Sheet, long-term outlook, and has an impeccable track record of supporting their clients through all economic cycles.

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SOURCE Sunwest Bank

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FOTILE Showcases Next-Generation Kitchen Innovations at IDS Vancouver 2026

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FreshBake™ Range and JQG7515 Range Hood highlight FOTILE’s approach to cleaner, smarter and more user-centered cooking

  VANCOUVER, BC, Sept. 25, 2026 /CNW/ — FOTILE is showcasing its latest kitchen appliance innovations at IDS Vancouver 2026, highlighting how new technologies can address real challenges in today’s kitchens while creating cleaner, smarter and more intuitive cooking experiences.

Now on display at Booth 906 at the Vancouver Convention Centre West, FOTILE’s IDS showcase is led by two of its latest innovations: the FreshBake™ Electric Range and the JQG7515 next-generation inclined range hood.

The FreshBake™ Range addresses an often-overlooked aspect of everyday cooking: indoor air quality. Cooking can generate smoke, odors, volatile organic compounds (VOCs) and fine particulate matter. FOTILE’s FreshBake™ Technology integrates advanced PCF filtration and multi-stage purification into the appliance to help reduce cooking pollutants at the source and minimize lingering odors.

By bringing air purification closer to where cooking pollutants are generated, FreshBake introduces a new perspective on range design — expanding the role of a cooking appliance beyond food preparation to consider the overall kitchen environment and everyday well-being.

Also featured at IDS is the JQG7515, the latest evolution of FOTILE’s signature inclined range hood platform. Combining powerful smoke and grease capture with intelligent controls, the JQG7515 demonstrates how kitchen ventilation is becoming increasingly connected to the broader cooking experience.

Features including gesture control, app connectivity and appliance synchronization allow users to interact with ventilation more naturally, while helping transform the range hood from a standalone appliance into an integrated part of the smart kitchen.

Together, FreshBake and JQG7515 reflect FOTILE’s approach to innovation: identifying practical challenges in everyday cooking and applying engineering, intelligent technology and human-centered design to create meaningful improvements for users.

Throughout IDS Vancouver 2026, attendees can experience FOTILE’s latest innovations through live cooking demonstrations and product displays featuring the FreshBake™ Electric Range, JQG7515 inclined range hood, ChefCubii countertop combi oven and other kitchen solutions. The showcase highlights how FOTILE combines cooking, ventilation and intelligent technology to create a cleaner, smarter and more intuitive kitchen experience.

SOURCE FOTILE APPLIANCES CANADA LTD.

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Sabre Corporation Announces Early Tender Results of Previously Announced Cash Tender Offer and Consent Solicitation by Sabre Financial Borrower, LLC

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SOUTHLAKE, Texas, Sept. 25, 2026 /PRNewswire/ — Sabre Corporation (“Sabre”) (Nasdaq: SABR) today announced the early tender results of the previously announced cash tender offer (the “Tender Offer”) by Sabre Financial Borrower, LLC (“Sabre Financial”), its indirect wholly-owned subsidiary, for any and all of Sabre Financial’s securities set forth in the table below (the “Securities”) and concurrent solicitation of consents (the “Consent Solicitation”) to certain proposed amendments to the Securities and the Indenture (as defined below). The Tender Offer and Consent Solicitation will expire at 5:00 p.m., New York City time, on October 12, 2026 (unless extended or earlier terminated, the “Expiration Date”).

The Tender Offer and Consent Solicitation are being made pursuant to the terms and conditions set forth in the offer to purchase and consent solicitation statement, dated September 14, 2026 (the “Offer to Purchase”).

As of 5:00 p.m., New York City time, on September 25, 2026 (such date and time, the “Early Tender Deadline” and “Withdrawal Deadline,” as applicable), according to information provided to D.F. King & Co., Inc., the tender and information agent for the Tender Offer and Consent Solicitation, the aggregate principal amount of Securities listed in the table below has been validly tendered and not validly withdrawn in the Tender Offer and Consent Solicitation. Withdrawal rights for the Securities expired at the Early Tender Deadline and, accordingly, any Securities that were validly tendered may no longer be withdrawn except where additional withdrawal rights are required by law.

Title of

Security

CUSIP / ISIN Number

Principal

Amount 

Outstanding

Principal Amount

Tendered at Early

Tender Deadline

Percentage of

Outstanding

Securities Tendered

Total

Consideration

(1)(2)

11.125% Senior

Secured Notes 

due 2029

78573X AA8

U86042 AA3

US78573XAA81

USU86042AA34

$1,000,000,000.00

$ 930,682,000.00

93.07 %

$        $1,092.50

 

(1)

Dollars per $1,000 principal amount of Securities validly tendered and accepted for purchase.

(2)

Includes Early Tender Premium (as defined below). Does not include accrued and unpaid interest on the Securities, which will also be payable as provided herein.

The Tender Offer and Consent Solicitation remain subject to the satisfaction or waiver of the conditions described in the Offer to Purchase, including the financing for the Tender Offer and Consent Solicitation. Such conditions may be waived by Sabre Financial in its sole discretion, subject to applicable law. Any waiver of a condition by Sabre Financial will not constitute a waiver of any other condition. Subject to the satisfaction or waiver of such conditions and as described in the Offer to Purchase, Sabre Financial is expected to make payment on September 28, 2026 (such date and time, as it may be extended, the “Early Settlement Date”) for the Securities and related consents that (i) were validly tendered and delivered, as applicable, and not validly withdrawn or revoked, as applicable, at or prior to the Early Tender Deadline and (ii) are accepted for purchase on the Early Settlement Date.

The consideration to be paid for the Securities accepted for purchase on the Early Settlement Date per $1,000 principal amount of Securities is the amount set forth in the table above under the heading “Total Consideration.” The amounts set forth in the table above under “Total Consideration” include an early tender premium of $50 per $1,000 principal amount of Securities accepted for purchase (the “Early Tender Premium”). All Holders of Securities accepted for purchase will also receive accrued and unpaid interest from the most recent interest payment date preceding the Early Settlement Date to, but not including, the Early Settlement Date.

Any Holder who tenders Securities in the Tender Offer and Consent Solicitation will be deemed to automatically have provided consents, and Securities may not be tendered without delivering consents. Based on the consents received as of the Early Tender Deadline, Sabre Financial has obtained the required consents to effect all of the proposed amendments (the “Proposed Amendments”) as described in the Offer to Purchase. Consequently, as previously announced, Sabre Financial expects to execute a supplemental indenture (the “Supplemental Indenture”) effecting the Proposed Amendments with respect to the indenture dated December 5, 2025 (the “Indenture”), entered into by and among Sabre Financial, the guarantors party thereto, and Wilmington Trust, National Association, as trustee and collateral agent, under which the Securities were issued, and the Securities on or about the Early Settlement Date. The Supplemental Indenture will become effective upon (a) its execution and delivery by each of the parties thereto, and (b) the settlement of the Tender Offer with respect to accepted Securities tendered prior to the Early Tender Deadline on the Early Settlement Date.

In addition, pursuant to the terms of the Indenture, because more than 90% of the aggregate principal amount of the Securities outstanding has been validly tendered in the Tender Offer, Sabre Financial intends, following its purchase of the tendered Securities, to deliver a notice of redemption to redeem all Securities that remain outstanding after giving effect to the purchase of the Securities on the Early Settlement Date. The redemption price for such Securities will be equal to the Total Consideration set forth in the table above, plus accrued and unpaid interest thereon to, but excluding, the redemption date. The redemption date is expected to be October 13, 2026. Notwithstanding the foregoing, there can be no assurance that any Securities will be redeemed. Nothing herein shall constitute a notice of redemption with respect to the Securities.

Sabre Financial reserves the right, subject to applicable law, in its sole discretion, to waive any of the conditions of the Tender Offer or the Consent Solicitation, in whole or in part, at any time and from time to time. It also reserves the right, subject to applicable law, in its sole discretion, (1) to terminate or withdraw the Tender Offer or the Consent Solicitation at any time; (2) to extend the Early Tender Deadline, the Withdrawal Deadline or the Expiration Date; or (3) otherwise to amend the Tender Offer or Consent Solicitation in any respect. It may extend the Early Tender Deadline without extending the Withdrawal Deadline.

Information Relating to the Tender Offer and Consent Solicitation

The complete terms and conditions of the Tender Offer and Consent Solicitation are set forth in the Offer to Purchase. BofA Securities is the Dealer Manager and Solicitation Agent for the Tender Offer and Consent Solicitation. Investors with questions regarding the Tender Offer and Consent Solicitation may contact BofA Securities, collect: (980) 388-3646, toll-free: (888) 292-0070, email: debt_advisory@bofa.com. D.F. King & Co., Inc. is the tender and information agent for the Tender Offer and Consent Solicitation. Copies of the Offer to Purchase and any related offer documents may be obtained by contacting D.F. King & Co., Inc. by phone at (646) 455-1060 (New York) or (866) 356-7814 (toll-free) or by email at sabre@dfking.com. 

None of Sabre Financial, Sabre, their affiliates, their respective boards of directors and stockholders, the Dealer Manager and Solicitation Agent, the Tender Agent or Wilmington Trust, National Association, as trustee for the Securities, are making any recommendation as to whether Holders should tender any Securities or deliver any Consent in response to the Tender Offer and Consent Solicitation. Holders must make their own decision as to whether to tender any of their Securities and deliver their Consents, and, if so, the principal amount of Securities to tender and Consents to deliver.

This press release is for informational purposes only and is not an offer to buy or a solicitation of an offer to sell any of the Securities, and the Tender Offer and Consent Solicitation do not constitute offers to buy or the solicitation of offers to sell Securities in any jurisdiction or in any circumstances in which such offers are unlawful. The full details of the Tender Offer and Consent Solicitation, including complete instructions on how to tender Securities and deliver Consents, are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase because it will contain important information.

Forward-Looking Statements

Certain statements herein are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as “expect,” “guidance,” “outlook,” “trend,” “pro forma,” “on course,” “on track,” “target,” “potential,” “benefit,” “goal,” “believe,” “plan,” “confident,” “anticipate,” “indicate,” “trend,” “position,” “optimistic,” “will,” “forecast,” “continue,” “strategy,” “estimate,” “project,” “may,” “should,” “would,” “intend,” or the negative of these terms, where applicable, or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. More information about potential risks and uncertainties that could materially affect our business and results of operations is included in the “Risk Factors” and “Forward-Looking Statements” sections in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 6, 2026, our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 18, 2026 and in our other filings with the SEC, as well as other risks and uncertainties specified in the “Certain Significant Considerations” section of the Offer to Purchase. We cannot guarantee future events, including financing of the Tender Offer and Consent Solicitation and successful completion of the Tender Offer and Consent Solicitation, outlook, guidance, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Unless required by law, we undertake no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date they are made.

About Sabre

Powering the agentic revolution in travel. Sabre is an AI-native technology leader, backed by one of the world’s largest travel data clouds. With AI at its core and operating at unparalleled scale, Sabre transforms insights into innovation, empowering airlines, hoteliers, agencies and other partners to retail, distribute and fulfill travel worldwide. Sabre is built on an open, modular, cloud-native architecture and serves as the backbone for both established leaders and bold, new disruptors, guiding them to the next age of travel retailing through intelligent, connected, and personalized experiences.  

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SOURCE Sabre Corporation

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