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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 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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  It's a little hot! General Fukuda launched the "Mulan version" with pink painting on the body.

  On September 11, Fukuda officially announced that the new Grand General G9 pickup pink-painted model was officially named "Magnolia version" through the Internet. It is understood that General Fukuda G9 will be unveiled at the Beijing International Auto Show, which opens on September 26, and is expected to be listed this year. The general is Fukuda's latest pick-up truck model, with a tough and muscular design style and a relatively straight grille design, with upper and lower "C" headlights on both sides, and the front looks burly and domineering. It is worth mentioning that the general's net added a huge "FOTON" letter logo, especially in the front part of the face.

  Beijing Auto's Foton 2020-09-12
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  Mercedes-Benz can't save it. Beijing Auto's annual profit fell by nearly 60%.

  On March 24, Beijing Automobile announced its annual results for 2010. during the reporting period, the company achieved operating income of 176.973 billion yuan, an increase of 0.89% over the same period last year, and the net profit of shareholders belonging to listed companies was 2.029 billion yuan, down 59.39% from the same period last year. Beijing Auto said in its announcement that the increase in operating revenue was mainly due to the increase in revenue of Beijing Mercedes-Benz. According to the announcement, the total revenue of Beijing Mercedes-Benz in 2020 was 169.695 billion yuan, an increase of 9.37% from 155.154 billion yuan in 2019. Gross profit was 45.977 billion yuan, an increase of 8.91% over the same period last year.

  Beijing Mercedes Benz 2021-03-25
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  After the transfer of Bowo Motor shares, Foton Motor earns a profit of 360 million yuan in 2019.

  Foton Motor recently released an annual profit forecast for 2019, which shows that the net profit attributed to shareholders of listed companies is expected to be about 360 million yuan in 2019, compared with-3.57458 billion yuan in the same period last year. Foton Motors said in the announcement that the main reason for the annual profit in 2019 is that due to the transfer of 67% of Beijing Bowo Motor, the transfer will no longer be included in the scope of the merger, resulting in a substantial loss reduction compared with the same period last year. Data show that in 2014, Foton Motor acquired Bowo Motor at a price of 5 million euros, and the acquired Bowo Automobile.

  Fukuda Motor 2020-01-26
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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 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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  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
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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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  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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  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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  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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  Speed up electrification! Fukuda official announced a change of bid.

  Fukuda

  Automobiles Fukuda new energy brands commercial vehicles products companies markets sales growth business brand new limited limited 2023-08-29
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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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  Is it a drag on Bowo? The net profit of car rental in China dropped sharply by 90% in 2019.

  China car rental released its 2019 financial report on March 17. According to the financial report, the total rental income of China car rental in 2019 totaled 5.559 billion yuan, an increase of 4.1 percent over the same period last year, while net profit was 31 million yuan, down 89.3 percent from the same period last year. China car rental revealed in the financial report that in the challenging moment, the company has stopped buying new cars to maintain safe cash levels. At the same time, companies stimulate growth by encouraging car rentals to reduce physical contact. The company will continue to sell more used cars to replenish liquidity. Total revenue increased by 4% year-on-year, while net profit plummeted by 89.4%, except for car rental in China.

  Bowo car China Rental car 2020-03-18
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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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  After abandoning Bowo, Foton made a comeback in the first half of the year.

  After leaving Bowo, Foton ended months of losses, and Foton made a profit in the first half of this year. On July 29, Foton Motor executives said at a communication meeting of BAIC that the company's revenue and profits would increase in the first half of the year, of which operating revenue would increase by about 20%, while profits would turn from losses to profits. however, the specific figures will not be released until the second half of the year. Compared with the same period last year, Foton Motor lost 1.017 billion yuan, compared with 3.575 billion yuan for the whole of last year. Data show that Foton Motor sold a total of 272000 vehicles in the first half of this year, down from the same period last year. ...

  Car Fukuda Bowo 2019-08-04
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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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  BAIC's profit fell by double digits, while Mercedes-Benz contributed 97% of revenue.

  Recently, Beijing Automobile Co., Ltd. (hereinafter referred to as "Beijing Automobile") released its semi-annual performance report for 2022. According to the report, the revenue of Beijing Automobile in the first half of the year was 83.679 billion yuan, down 7.41% from the same period last year; the profit attributable to shareholders was 2.178 billion yuan, down 21.75% from the same period last year;

  Beijing Automotive Group Brand des brilliance Company Revenue sales BMW impact Business performance shareholders shares 2022-09-01
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  Huawei blessed! Can the launch of the new SUV Rubik's Cube in Beijing reverse sales?

  Beijing Auto's new SUV model, the Beijing Rubik's Cube, will go on sale in June, and the new compact SUV was unveiled at the Guangzhou auto show last year and is expected to sell for between 11 and 150000 yuan, according to media reports. In terms of appearance, the new car is different from the current model design of Beijing Auto. The new car adopts a more radical design approach. In the front part, the new car is designed with a closed front and diamond matrix, as well as a two-color splicing. With sharp lights on both sides, the overall sense of science and technology is full. The side of the car body, the new car lines are more smooth, from the picture, the new car also uses the current more popular.

  Beijing Rubik's Cube 2022-04-24