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The latest announcement! Another senior executive of Dongfeng Motor was investigated.

2024-11-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)07/07 Report--

According to the website of Discipline Inspection Committee of Dongfeng Motor Group Co., Ltd. of the Communist Party of China, Ombudsman Office of State Supervision Committee in Dongfeng Motor Group Co., Ltd. and Supervision Committee of Xiangyang City Discipline Inspection Committee: Tang Shengqiang, Deputy Director of Marketing Headquarters of Dongfeng Motor Co., Ltd. and General Manager of VAN Vehicle Business Department, is suspected of serious violation of discipline and illegal activities. At present, he is undergoing disciplinary review by Discipline Inspection Committee of Dongfeng Motor Co., Ltd. and supervision and investigation by Supervision Committee of Discipline Inspection Committee of Xiangyang City, and has been detained.

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According to public information, Dongfeng Motor Co., Ltd.(hereinafter referred to as "Dongfeng Motor") was initiated by Dongfeng Motor Company in 1998 to reorganize its assets and businesses related to light commercial vehicles and diesel engines with its subordinate light vehicle factory, diesel engine factory and No.3 Foundry Factory as the main body, and established by means of social raising. As a well-known domestic car brand. Dongfeng Motor occupies a place in the field of light commercial vehicles, among which the production models of light commercial vehicles cover light trucks, light passenger cars, passenger car chassis and new energy logistics vehicles. The brands include Dongfeng Kepter, Dongfeng Dolica, Dongfeng Tuyi, Dongfeng Xiaowang, Dongfeng Furui Card and other brand light trucks, Dongfeng Yufeng light passenger cars, etc.

In June 2003, Dongfeng Motor Company and Nissan Motor jointly established Dongfeng Motor Co., Ltd.(hereinafter referred to as "Dongfeng Limited"), the largest joint venture company in the domestic automobile industry, and the controlling shareholder of Dongfeng Motor was changed to Dongfeng Limited. According to the data, Dongfeng Co., Ltd. is headquartered in Wuhan, including Dongfeng Nissan Passenger Vehicle Company, Dongfeng Qichen Automobile Company, Dongfeng Infiniti Automobile Co., Ltd., Dongfeng Motor Co., Ltd., Zhengzhou Nissan Automobile Co., Ltd., Dongfeng Motor Parts (Group) Co., Ltd. and Dongfeng Motor Co., Ltd. Equipment Company.

In May 2022, Dongfeng Motor issued an announcement saying that Dongfeng Limited transferred 598 million shares of Dongfeng Motor to Dongfeng Motor Group. After the transaction is completed, the controlling shareholder of Dongfeng Motor will be changed from Dongfeng Limited to Dongfeng Motor Group, and the actual controller will be changed from Dongfeng Limited to State-owned Assets Supervision and Administration Commission of the State Council.

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It is generally believed in the industry that this equity change can be regarded as an important measure for Dongfeng Motor Group and Dongfeng Motor Group Co., Ltd.(hereinafter referred to as "Dongfeng Company"), the controlling shareholder of Dongfeng Motor Group, to continuously deepen the reform of state-owned enterprises and enlarge and strengthen the independent commercial vehicle business. For Dongfeng Limited, it means further slimming and efficiency enhancement, focusing on passenger car business segment. For Dongfeng Group, it will also improve its layout of commercial vehicle business plate.

According to the latest data, Dongfeng Motor sold 71,857 vehicles in the first half of 2022, down 31.58% year-on-year. Dongfeng limited cumulative sales of 566466 vehicles, a year-on-year decline of 14.71%.

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As for the incident of senior management being investigated, it is actually normal for Dongfeng Company. According to the website of the Central Commission for Discipline Inspection and the State Administration for Discipline Inspection, in the past three years, the Discipline Inspection Commission of Dongfeng Company has filed 551 cases, punished 629 people and detained 75 people. It has successively investigated and dealt with corruption cases of Dongfeng Mochong, Dongfeng Special Commercial and Dongfeng Special Equipment, investigated and dealt with bribery cases of Du Mouhuang, a supplier of Dongfeng Special Special Company, a third-level unit subordinate to Dongfeng Company, embezzlement cases of eight suppliers of Dongfeng Honda Parts Company, bribery cases of He Mouqun, a supplier of Dongfeng Hongtai Holding Co., Ltd., Li Mou, a supplier of Dongfeng Motor Co., Ltd., suspected of bribery and bribery, and Wang Mourong, a supplier of Shenlong Automobile Co., Ltd., suspected of bribery. Corruption crimes. So far, 24 bribing partners have been detained and coercive measures have been taken against 4.

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Dongfeng Company has cracked down on internal violations of discipline, corruption and interests in recent months. A number of senior personnel have been investigated one after another, and basically after leaving office for many years. On June 2, Ma Fengchun, Chief of Equipment Procurement Section (Resident Officer) of Dongfeng Honda Procurement Department, accepted disciplinary review and supervision investigation; on June 9, Yang Qian, former general manager of Wuhan Longshi Xincheng Used Car Management Co., Ltd.(subsidiary of Shenlong Automobile Co., Ltd.), accepted disciplinary review and supervision investigation; on June 13, Han Bin, former Hubei Regional Sales Manager of Dongfeng Xiangyang Station Vehicle Co., Ltd., accepted supervision investigation;

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With the increasing growth of the automobile industry, the automobile trading market is becoming more and more complex. The departments involved in huge capital flows, such as market sales, media public relations and advertising, are easy to become the hardest hit areas of corruption. Wen Shuzhong, secretary of the Discipline Inspection Commission of Dongfeng Company and inspector, said,"Dongfeng Company's business covers commercial vehicles, passenger cars, new energy vehicles, key automobile assemblies and parts, automobile equipment and automotive-related businesses. The industrial chain is long, the capital scale is large, and there are many suppliers. Therefore, we must tighten the string of problem rectification at all times."

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