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  No strength, flow to save! Bowo New Retail 2 hours swipe order 220 million

  In the face of today's difficult car market, marginal car brands that do not have brand strength are even more difficult. Recently, Bowo launched a new brand marketing method, invested nearly 100 million yuan, launched a marketing campaign with Luckin Coffee, and invited image spokesman Lei Jiayin to sell cars live. 1623 cars were booked in two hours, with an order amount of 220 million yuan. The German brand Bowo, which is also from BBA, began in 1919 and has a history of one hundred years. However, Bowo was bankrupt in 1961 due to poor management, and it was not until 2015 that the brand was revived under BAIC's cooperation with Foton, and a new brand LO... was launched.

  Bowo cross-border new retail sold only 220 million units in 2 hours. 2019-10-19
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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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  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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  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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  Quan Zhi car stops in arrears of wages!

  All the information shows that Qoros, which was once positioned at the high end, is now on the edge of a cliff. According to time Weekly, Guanzhi Automobile Co., Ltd., which is located in Changshu Economic and technological Development Zone, is now the production base of Guanzhi Automobile, but now it is bleak in front of the door, and there are only two outsourced security guards in the security room.

  Automobile company person subject to execution court group Shanghai people's court people limited limited property Changshu Chery inquiry market 2023-03-28
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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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  Another motorcycle cross-border car maker, and two trams of the Dayun Group have been announced on the market.

  On November 2, Yuehu and Yuanzhi M1, two new cars of Dayun Automobile, were officially launched. Among them, 2021 Yuehu launched three optional configurations, the price range is 6.68-87800 yuan; 2021 Yuanzhi M1 launched two optional configurations, the price is 20.38-213800 yuan respectively. The 2021 Yuehu is renamed from the previous Yuanluo S1 model, which is positioned as a pure electric small SUV. Yuehu front face uses the iconic closed front grille of the new energy model, the split headlights are designed on both sides, the lamp strip above is long and narrow, the headlamp area below is larger, and the overall recognition is higher. Ruler.

  Universiade car Yuehu Yuanzhi M1 2020-11-03
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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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  The Bowo Dealer Rights Protection working Group was dissolved because of "extreme behavior".

  Last year, China took a 67 per cent stake in Bowo for nearly 4 billion yuan, and Bowo dealers expressed strong dissatisfaction with the introduction of Shenzhou Buy into its terminal sales system, followed by more than one collective rights incident. In order to promote communication and coordination between Bowo dealers and manufacturers, on February 14 this year, the all-China Federation of Industry and Commerce Automobile Dealers Chamber of Commerce established the Bowo Dealer Rights Protection working Group, but today the Chamber disbanded the Rights Protection working Group. The reason is that Bowo dealers have "taken extreme behavior". Today, the all-China Federation of Industry and Commerce Automobile Dealers Chamber of Commerce issued a notice to dissolve the rights protection working group of Baowo dealers.

  Take extreme behavior Baowo extreme behavior 2019-02-26
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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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  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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  In 2022, three well-known car companies will become history.

  The global auto market has been developing for more than 100 years, and we have witnessed the birth and entry of new brands, as well as the decline and disappearance of old brands, which happens every year, especially at a time when new energy has become a development track. To this end, Automotive Industry concern counted the number of people who announced delisting in 2022.

  Brand market sales car China Fick domestic model Honda sales this is problem Beijing development consumer 2022-12-21
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  Mazda's results for fiscal year 2018: net profit fell 43%, global sales fell 4% to 1.56 million vehicles

  Mazda reported that operating profit, net profit and profit margin all declined to varying degrees in fiscal 2018. Mazda blamed falling global sales, increased marketing spending, foreign exchange losses and rising investment costs in US retail network reform. In fiscal year 2018 (April 2018-March 2019), Mazda's global new car sales reached 1.561 million, down 4% from a year earlier, with sluggish sales in China and the United States, the company's largest regional market. In terms of performance, Mazda achieved an operating income of 3.56 trillion yen (about 220.9 billion yuan) in fiscal year 2018.

  Performance sales global Mazda profit 2019-05-12
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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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  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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  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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  Fukuda responded to the huge loss of 3.6 billion, Bowo is the main cause.

  Fukuda responded to a huge loss of 3.6 billion, citing Bowo's central passenger car business as the main reason for the loss. Since its listing in 2016, Bowo's net profit has been-484 million,-985 million and-2.545 billion yuan respectively, with losses increasing year by year. Bowo's loss in 2018 accounted for 70% of Futian Motor Co., Ltd., due to the decline in sales and the increasing intensity of the market as a result of the downturn in the passenger car market, and the increase in advertising promotion fees compared with the same period last year. The amount of financing for the current period increased compared with the previous year, but the financial expenses increased compared with the same period last year, resulting in the same profit.

  Loss response Fukuda Bowo 2019-05-20
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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 lost 3.575 billion in 2018 and reversed its losses in the first quarter of this year after selling Bowo.

  Foton Motor disclosed its annual report and quarterly report, with revenue of 41.054 billion yuan in 2018, a year-on-year decline of 20.61%, and a net profit loss of 3.575 billion yuan, compared with a profit of 112 million yuan in the same period last year. As for the decline in revenue and profit in 2018, Fukuda said it was mainly due to a year-on-year increase in advertising fees and a decline in sales in the passenger car business. Foton Motor had revenue of 14.144 billion yuan in the first quarter of this year, an increase of 50.27% over the same period last year, and a net profit of 80.186 million yuan. Foton Motor 2018 annual report shows that there are five main factors affecting the main business, the most important of which is passenger car business.

  Car loss Fukuda 2019-04-28