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  The property of the centennial car company has been disposed of!

  On September 18, the official website of Beijing property Exchange issued a notice on the disposal of property in bankruptcy liquidation of Baowo Automobile (China) Co., Ltd. (hereinafter referred to as "Bowo China"). The contents of the announcement show that on August 4, 2023, the Beijing No. 1 Intermediate people's Court ruled to declare Bowo China bankrupt, and the administrator was responsible for Bowo China property in accordance with the law.

  China property announcement administrator Beijing management people's court patent exchange property right people law company content method 2023-09-18
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  Bowo is about to change ownership! Shenzhou Youche plans to acquire a 67% stake in Bowo Automobile with 4.1 billion yuan.

  Shenzhou Youche announced that it intends to transfer the 67 per cent stake in Baowo Motor held by Changsheng Xingye at a transfer price of 4.10911 billion yuan. Upon completion of the transaction, the company will take a controlling stake in Bowo Motor. This also makes the capital acquisition rumors of both sides finally settled. Regarding Changsheng Xingye's stake in Bowo, Lu Zhengyao, chairman and CEO of China excellent car, said in an interview earlier: "Changshengxingye is a company owned by my classmate Wang Baiyin. Shenzhou Youche supports Changsheng Xingye to take a stake in Bowo." Shenzhou excellent car only wants to form a deep strategic cooperative relationship with Bowo as a platform. At this point of time, Shenzhou excellent car is not suitable to talk to Bao Wo.

  Car Bauer. 2019-03-19
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  All of a sudden! Well-known "German" brands apply for bankruptcy liquidation

  Beijing Baowo, which lost its operational capacity, finally filed for bankruptcy liquidation, and Foton Motor, as one of its shareholders, was also deeply affected. On the evening of April 8, Futian Motor announced that due to the financial exhaustion of Beijing Baowo, it was indeed unable to pay off its maturing debts, and its assets were not sufficient to pay off all its debts. Beijing Baowo held an interim shareholders' meeting on April 8, 2022. The resolution filed for bankruptcy liquidation in accordance with the law, and submitted the relevant application to the Beijing No. 1 Intermediate people's Court on April 8. It should be noted that bankruptcy liquidation and bankruptcy reorganization are essentially different. Bankruptcy reorganization is to have or may have the conditions for bankruptcy at the same time.

  Bowo car 2022-04-10
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  Something's going to happen! Bowo's auto assets were seized by the court

  "good is expensive, expensive is good", Bowo car thunderstorm again! Last night, Chinese commercial vehicle brand Foton Motors issued a notice saying that due to the inability to repay suppliers and other creditors, the relevant creditors applied to seal up Beijing Baowo related assets, involving an amount of about 124 million yuan. The book value of the seized property is 2.209 billion yuan, including machinery and equipment, transport equipment, office equipment, IT equipment, tooling moulds, other equipment, projects under construction and inventory. The assets of Beijing Baowo seized this time do not belong to Futian, nor are they related assets that Beijing Baowo uses assets to repay debts. Fukuda made it clear that the assets seized this time.

  Bowo car 2021-12-10
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  Only six years after its establishment, this "German" car company went into bankruptcy liquidation.

  "good is expensive", "expensive is good" and "very expensive". This magical advertisement came from Bowo Automobile. Because the slogan was "shocking", it attracted a lot of attention on the Internet at that time, and even made Baowo car very popular for a while, but it was really only "very popular for a while", in the years after that. Only let people remember that "good is expensive", "expensive is good" and "very expensive" Bowo finally failed to come up with a new name in the domestic market. On April 22, Futian Motor issued a notice saying that because Beijing Baowo could not pay off its maturing debts, and the audit report showed that its assets were insufficient to pay all its liabilities.

  Bankruptcy liquidation of Beijing Baowo 2022-04-23
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  Bowo is in bankruptcy liquidation, Fukuda applied to freeze 1.4 billion of property such as Lu Zhengyao.

  BAIC Foton Motor Co., Ltd. (hereinafter referred to as "BAIC Foton") has applied to freeze 1.4 billion of assets such as Lu Zhengyao, according to the China referee Writing website. According to the judgment documents, the applicant BAIC Foton Motor Co., Ltd. applied for property preservation to the Beijing Arbitration Commission, requesting to seal up, detain or freeze the respondent's Mi.

  Futian Coffee China Automobile Beijing Company Limited loss property debt Market Co. Ltd. Equity Germany Changsheng 2022-09-18
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  The debt is insolvent! Bowo's annual loss is 2.1 billion yuan

  BAIC Foton Motor Co., Ltd. (hereinafter referred to as "BAIC Foton") released its annual report on April 30, showing that its operating income reached 54.97 billion yuan in 2021, down 4.83% from the same period last year. The net loss was 5.06 billion yuan, down 3372.75% from the same period last year. In view of the performance from profit to loss. BAIC

  Insolvent annual loss 2022-05-02
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  Bowo dealers protect their rights: BAIC Foton "return my hard-earned money"

  Once again, Baowo's heartbroken dealers stand in front of manufacturers to protect their rights. Recently, representatives of Baowo car dealers gathered at BAIC's Futian headquarters, and the rights protection banner stated their purpose: "Fukuda Baowo, deceiving the operation, harming the dealers, and returning my hard-earned money." From the joint letter from some dealers of the Baowo brand to BAIC Foton, we know that the dealers are dissatisfied with the early investment of Fukuda Bowo and the latest investment policy of the new shareholder in China. 1. In the early stage, it was fraudulent to attract investment in the name of "German Baowo" brand, one of the top four German brands. Without notifying the distributor, 67% of the shares were transferred to the actual control of China, and China released the latest investment policy.

  Distributor 2019-02-25
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  The production qualification of "well-known German" car company has been cancelled!

  A few days ago, the Ministry of Industry and Information Technology issued the fourth part of Road Motor vehicle production Enterprises and products (batch 371), including Beijing Baowo Automobile Co., Ltd. (hereinafter referred to as "Beijing Baowo") applied for cancellation of automobile production qualification on its own. among them, a number of Beijing Baowo products will stop production from the date of announcement, will be 2.

  Production Automobile qualification Beijing OEM Xiaomi Enterprise Company Motor vehicle Road Product Market China Stock 2023-06-24
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  It's over! Bowo Motor officially went bankrupt.

  After eight years in China and several changes of hands, Bowo, which claims to be on a par with Audi, BMW and Mercedes-Benz, ended in bankruptcy. On the evening of November 29, BAIC Foton Motor Co., Ltd. (hereinafter referred to as "Foton Motor") issued a notice saying that the Beijing No. 1 Intermediate people's Court (hereinafter referred to as "Court" or "Court")

  Cars Futian companies Beijing China losses brands courts sales Changsheng influence announcements shares assets models 2022-11-30
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  The debt is insolvent! Futian Motor compensates 400 million yuan loan for Baowo.

  Last night, Futian Motor, a Chinese commercial vehicle brand, announced that the company's shareholding company Beijing Baowo Automobile Co., Ltd. and Huaxia Bank had not reached an agreement on the plan of "borrowing the new to return the old" for the 400 million yuan loan, and was unable to repay the 400 million yuan loan principal and related interest of Huaxia Bank on time. On September 18, 2021, the company has paid 404 million yuan to Huaxia Bank to pay the principal, interest and penalty interest of the above-mentioned guaranteed loan. After the company reimburses the guaranteed loan, the guarantee balance to Beijing Baowo is 310 million yuan, and the overdue guarantee amount is 310 million yuan. According to official introduction, Bowo car has a history of 100 years, in 1.

  Beijing Auto's Foton 2021-09-22
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  Fukuda Motor: the transfer of equity has not yet been paid, and Bowo temporarily uses assets to repay debts of 4 billion yuan.

  On April 8, BAIC Foton issued a progress announcement on the signing of contracts for the follow-up to the transfer of Baowo shares, according to the announcement. Beijing Baowo Automobile Co., Ltd. (hereinafter referred to as "Beijing Baowo") temporarily uses the estimated discount of the net asset value of the debt-paying property of 4 billion yuan to repay the designated loan. The remaining outstanding principal and all unpaid interest under the loan agreement shall be paid by Beijing Baowo in cash in accordance with the repayment time under the loan agreement, the two parties may negotiate separately on the repayment time of the principal and interest of the above-mentioned outstanding loan, but the repayment time shall be no later than January 17, 2023 and before January 17, 2022.

  Beijing Auto's Foton 2020-04-09
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  The customer service of Baowo manufacturer became famous. When I heard the "media", I immediately hung up the phone.

  After-sales customer service of automobile manufacturers is an important channel for consumers to complain and feedback, representing the official attitude towards consumers and dealing with problems, providing consulting services for consumers and a way to solve problems. However, the official customer service of this brand is amazing, which is really unthinkable. The thing is, recently, some media received a complaint from Ms. Zhang, a consumer, that the Baowo BX5 car she bought for two months suddenly slowed down on the highway, the engine fault light was on, stalled, and was nearly rear-ended, and the problems of continuous maintenance in the 4S store were still repeated and could not be repaired. Ms. Zhang wanted to return the car. Ms. Shouzhang.

  Baowo 2019-03-23
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  Baowo, which has lost 4.1 billion yuan in three years, is now living a prosperous life after being abandoned by Fukuda.

  When it comes to the Bowo brand, most consumers do not know it. They have only heard of Baojun and Volvo brands, but they have never heard of Bowo! As an automobile brand born in the last century, Baowo also has a glorious history. According to public data, Shikar Bowo founded the Bowo car brand in 1919. At that time, Bowo was indeed a well-known car brand in Germany, with annual sales of more than 1 million vehicles at its best, once competing with Mercedes-Benz for the world. Later, Bowo suffered repeated setbacks. Due to declining sales, poor management and low product power, the overburdened Bowo was finally officially announced in 1960.

  Baowo Fukuda 2019-11-23
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  Huo Jing left Baowo to join Ford China as vice president of public relations in Ford China.

  Less than a year after joining Bowo Motor, Huo Jing resigned from all her positions and joined Ford. According to Sang Zhiwei, an industry insider, Ms. Huo Jing has resigned as Executive Director of Marketing Department of Baowo Automobile Group Marketing Company and Executive Director of North American R & D Center, and joined Ford China as Vice President of Public Relations in Ford China. When Yang Song was in charge of Bowo, Huo Jing, who also worked in Nissan China, was recruited to Bowo. As Bowo resold in China, the original management of Bowo was also purged, and senior executives stationed in China took full control of Bowo. Huo Jing has more than ten years of experience in the field of automotive public relations and marketing since 2002.

  Ford president 2019-02-25
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  Unable to return to heaven! A century-old car company filed for bankruptcy.

  According to Tianyan investigation information, on April 20, Bowo Motor (China) Co., Ltd. added two new bankruptcy reorganization cases, the types of cases are bankruptcy review case and bankruptcy case, the applicant and the respondent are both Bao Wo Automobile (China) Co., Ltd., and the handling court is the Beijing No. 1 Intermediate people's Court. Relevant ruling

  Automobiles companies Beijing Limited Co. Ltd. Futian China China debt Court amount sales cases people 2023-04-21
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  Xiong Yi, a former Bowo executive, joined Ford as vice president of sales and director of marketing at Changan Ford.

  Another Bowo executive joins Ford China! After Yang Song and Huo Jing, Xiong Yi, general manager of Baowo Automobile Group Marketing Company, has officially joined Ford's national sales and service organization as vice president and marketing director of Changan Ford's national sales and service organization. Data show that Xiong Yi became general manager of Baowo Automobile Group Marketing Company in April 2018 and was poached by Yang Song of Baowo. Xiong Yi has also worked for DPCA, Dongfeng Nissan and Dongfeng Renault for 19 years. At present, Ford is assembling a new leadership team composed of local talents, with Chen Anning as the leader and vice president of Ford Motor Company.

  Ford sales Changan President Baowo Xiong Yi as 2019-06-13
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  Yang Song joined Ford China after leaving Baowo, and Ford built a localized management team.

  Ford welcomes another marketing veteran! According to media reports, Yang Song will take up the post of president of Ford Motor (China) National sales and Service Organization on April 8. Yang Song joined Dongfeng Nissan in 2005, serving as Assistant Minister of Marketing, Deputy Minister of Marketing, Minister of Marketing, Minister of sales and Deputy General Minister of Marketing headquarters. in 2014, he was promoted to the ranks of global executives of Nissan as General Manager of Nissan North America West. And Yang Song was known again recently when he joined Bowo Automobile. In December 2018, China officially took over Baowo, and the former executive team, including Yang Song, was basically dismissed, while Yang Song at this time.

  2019-04-07
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  Shenzhou excellent car will fully take over Bowo car, which may bring new vitality.

  According to relevant media reports, Beijing Baowo Automobile Co., Ltd. (hereinafter referred to as "Bowo Automobile") has made a number of industrial and commercial information changes. Among them, Wang Baiyin, the former chairman, manager and legal representative, withdrew, Lu Zhengyao, chairman of Shenzhou excellent car, became the chairman of Bowo Automobile, Chen Liangyun, CFO of Shenzhou excellent car, became the director, manager and legal representative of Bowo Automobile; the former investor Changsheng Xingye (Xiamen) Enterprise Management Consulting Co., Ltd. (hereinafter referred to as Changshengxingye) withdrew, and Shenzhou Youche (Xiamen) Information Technology Co., Ltd. became the new investor. It means that Changsheng Xingye officially withdrew from Baowo Automobile, and Shenzhou excellent car will take over in an all-round way. Actually.

  Car Bauer. 2019-07-31
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  Foton Motor @ Changsheng Societe Generale: when will the transfer of Bowo still need 1.481 billion yuan?

  On the evening of January 16, Foton Motor issued a progress announcement on the transfer of 67 per cent stake in Beijing Baowo Automobile Co., Ltd., saying that by January 10, 2020, the company had received the remaining price of 1.3 billion yuan. As of January 15, 2020, the remaining price of 1.481 billion yuan has not been received. The remaining price due and unpaid will have a certain impact on the company's operating cash flow, but will not affect the normal production and operation of the company. The company will urge Changsheng Xingye to fulfill its payment promise in accordance with the follow-up agreement. As the transfer of 67% of the shares of Bowo Motor has not been recovered, Foton Motor received the Shanghai Securities Exchange.

  BAIC Futian Beijing Baowo 2020-01-17