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In the cold winter, not only the entire automobile industry is faced with challenges, but also some "problem" car companies will accelerate their demise. On the last day of October, BAIC Yinxiang dealers again gathered in front of the headquarters of Beijing Automobile Group Co., Ltd., in Shunyi, Beijing, to demand the repayment of the remaining arrears.

This time, about 40 BAIC Yinxiang dealers have come to demand the arrears. This is the fourth time this year that BAIC Yinxiang dealers have gathered at the gate of BAIC's headquarters to demand repayment of the debts.

One of the BAIC Yinxiang dealer representatives told the media, "the second debt from most dealers has not yet been received, so we have no choice but to come here to ask for it again, but BAIC has not specified when the money will be repaid." However, the two sides still did not reach an agreement on the repayment plan, and the negotiations were quickly concluded.

Since March and April last year, BAIC Yinxiang has been in arrears with its suppliers, causing a number of suppliers to stop cooperating with Yinxiang, which in turn makes dealers unable to provide after-sales service normally. Dealers revealed that some of them paid tens of thousands of yuan for car bookings, others millions of yuan, while manufacturers have been stalling for time on the grounds of limited production capacity. now, manufacturers gradually begin to stop providing spare parts and stop sales rebates, and the dealers did not get a car after paying for the car.

A holiday notice issued by BAIC Yinxiang factory on July 10 last year: the operation is difficult and the whole line of the car is suspended for production. For the company to stop production, two senior staff of BAIC Yinxiang in Chongqing confirmed the truth of the matter, and then there was the news that Yinxiang was going bankrupt and bankrupt. However, in October, it was reported that BAIC Yinxiang had received a capital injection of 2 billion yuan, including 1 billion yuan from BAIC Group, 500 million yuan from Hechuan Municipal Government and 500 million yuan from Yinxiang Industry.

Since April this year, BAIC Yinxiang has also claimed that great progress has been made in the restructuring work, and different versions of the restructuring plan have been released before, which has been used to allay the concerns of dealers.

A leader of BAIC told us that there may be new news around November 10. BAIC will have an interview with each dealer before the end of November, but it is not exact to repay the money. " The above-mentioned BAIC Yinxiang dealer said.

It is understood that BAIC Yinxiang will be restructured by Chongqing Municipal Government, BAIC Group, Hechuan District Government, Chongqing Yinxiang and Guokai Development Fund Co., Ltd. after the reorganization, BAIC Yinxiang will produce new models, but details have not yet been released.

Data show that at present, in the equity structure of BAIC Yinxiang, BAIC Group accounts for 26%, Chongqing Yinxiang Trading Co., Ltd. accounts for 23.3%, Chongqing Yinxiang Industrial Group accounts for 22.03%, Chongqing Yinxiang Investment and Development Co., Ltd. accounts for 16.02%, Guokai Development Fund Co., Ltd. accounts for 12.65%. BAIC Group is the single largest shareholder of BAIC Yinxiang, but the shareholding of Yinxiang system has reached 61.35%, which is the actual controlling shareholder.

In fact, BAIC Yinxiang has always said that the restructuring is in progress, but the relevant details have not yet been released. "the reorganization is progressing smoothly, but as the content of the reorganization has not yet been finalized, core and key information cannot be disclosed," BAIC's official Wechat account said on June 6. "

Earlier, there were media reports that the shareholding structure of BAIC Yinxiang would change after the restructuring, including BAIC Group's shareholding from 26% to 37.5%, Chongqing Municipal Government's shareholding ratio to 37.5%, Chongqing Hechuan District Government's shareholding ratio to 14%, and Chongqing Yinxiang Trading's shareholding ratio to 11%. So far, BAIC Yinxiang restructuring plan is still in a fog.

Some industry experts said that in the case of lack of good products and prominent contradictions among manufacturers, if BAIC Yinxiang cannot come up with a practical and effective solution, even if the restructuring is successful, it will easily be eliminated in the fierce market environment.

The above-mentioned BAIC Yinxiang dealers also said, "even if BAIC Yinxiang has a new model production after the restructuring, we will not choose to continue to cooperate with BAIC Yinxiang, now we just want to get back the debt."

Now it seems that in the depressed environment of the industry, BAIC not only does not have good product support, but also lost its reputation, domestic brands have been reshuffled, and the restructured BAIC Yinxiang has also added a lot of uncertainty.

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