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  Us President supports strike and pay rise Musk: will go bankrupt

  Musk stood up for the Detroit Big three?! On Tuesday, local time, Musk, CEO of Tesla, publicly criticized the United Auto Workers (UAW) on Twitter, saying that the union's demands (a 40% pay rise and a 32-hour week) would "put General Motors, Ford Motor and Stellantes

  Cars strikes workers USA unions Detroit companies giants federations Ford unions factories manufacturers costs industries 2023-09-27
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  It is said that Junma Motor dissolves and goes bankrupt, and employees and dealers collectively protect their rights.

  According to media reports, the internal employees of Changsha Junma Automobile sales Co., Ltd. revealed that Junma Automobile has gone bankrupt, all senior personnel have left, and the dealers are unmanaged, while the wages owed by the company's employees have not yet been implemented, and the incident of employees' salary and rights protection has occurred again. At present, the Junma Xiangyang production base has been completely dissolved. According to the internal employee, the sales company owed employees four months of unpaid wages, involving 210 employees. "now Junma is already a shell company, in a state of disorder without management, even if employees want to leave. I don't know who to go through the formalities, so I can only hope that the government will intervene." Junma.

  Cars bankruptcy dealers employees 2019-09-03
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  Musk: Lucid and Rivian are going bankrupt

  According to foreign media reports, Tesla CEO Elon Musk (Elon Musk) said in an interview with Tesla Silicon Valley owners Club (Tesla Silicon Valley Owners Club) that American electric car startup Lucid and

  Cars Tex Tesla Electric USA pickups companies Markets Electric vehicles models production Musk Deluxe factories 2022-06-15
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  134 million shares of dawning shares are frozen again. How long will Huatai Motor go bankrupt?

  Dawning shares announced on the evening of November 1st, Huatai Motor and Changan International Trust, the majority shareholder Huatai Automobile and Changan International Trust due to a bond trading dispute, Huatai Motor held unlimited sales of 134 million shares of the same shares were frozen by the judicial queue. The freeze period is three years. In addition, the announcement also disclosed the current situation of Huatai Automobile, which currently involves liabilities of 2.212 billion yuan. It is worth noting that the queuing freeze is the third time Huatai Motor has been judicially frozen since June. On August 29th, Kyushu Securities applied to freeze the unlimited sale and return of 130 million shares held by Huatai Motor for a period of three years. September the second.

  Huatai Automobile dawning Co. Ltd. 2019-11-02
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  Chinese cars have entered a full phase of elimination, and 50% of independent brands will go bankrupt.

  Speaking at the Global Automotive Industry Innovation Conference held in Beijing today, Tan Benhong, executive vice president of Changan Automobile, believes that half of all Chinese car brands will go bankrupt. "China's automobile industry has entered a comprehensive phase of elimination, and the stronger the strong, the greater the pressure on the weak. The survival of the fittest is more obvious. 50% of Chinese car brands, I think, will cease to exist for some time soon, and of course our new forces will also face greater pressure to build cars, "said Tan Benhong. In fact, with the intensification of market competition in 2019, Chinese car brands are having a hard time. Not only do sales continue to decline, but their market share also falls below 40%.

  Cars brands autonomy 2019-08-19
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  Whether Jia Yueting, who has a monthly income of 93000 US dollars, can go bankrupt and reorganize needs to be voted by creditors.

  A few days ago, the news that Jia Yueting, founder of FF, voluntarily filed for personal bankruptcy reorganization was confirmed that Jia Yueting had applied to the US court for personal bankruptcy reorganization in accordance with Chapter 11 (chapter 11) of the relevant US law. According to the scheme, all FF shares and related income rights held by Jia Yueting are officially transferred to the creditor trust, which will be controlled and managed by the creditor committee and the trust trustee. This means that since the outbreak of the Letv crisis, FF, which has been regarded as the hope of repayment, no longer belongs to Jia Yueting. In the face of the approaching debt, is Jia Yueting able to evade debt repayment? In this regard, responsible for the agent.

  Whether Jia Yueting can go bankrupt and reorganize depends on the vote of the creditors. 2019-10-17
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  Eventually go bankrupt! FF confirmed that Jia Yueting applied for bankruptcy reorganization in order to thoroughly solve the debt problem.

  According to relevant media reports on October 11, Jia Yueting, the future founder of Faraday, submitted the relevant documents on personal bankruptcy reorganization to the US court. According to the document, Jia Yueting will transfer all assets to creditors through a previous trust, which is controlled and managed by the creditors' committee and the trust trustee. Jia Yueting submitted bankruptcy restructuring to the United States, Jia Yueting himself and his domestic debt group did not explain the "bankruptcy restructuring." Faraday officially announced today that in order to thoroughly solve the personal domestic debt problem, Faraday Future founder and CPUO...

  Jia Yueting's personal bankruptcy and reorganization 2019-10-14
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  Will the market share of Chinese brands fall to a new low and half of the brands will go bankrupt?

  In April, the market share of Chinese brand passenger cars was only 34.6%, down 2.6 percentage points from a year earlier, a six-year low; from January to April, the market share was 38.1%, down 2.5 percentage points from a year earlier, falling below the 40% red line again.

  The market share of Chinese brands fell to a new low in April and the auto market 2020-05-12
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  Li Ka-shing Foundation asks Cao Zhong, Chairman of Wulong Electric vehicle, to go bankrupt

  According to relevant media reports, both Wulong Electric vehicles and Wulong Power, in which Li Ka-shing once invested, have announced that Cao Zhong, their chairman and executive director, has been petitioned for bankruptcy by Li Ka-shing's Li Ka Shing (Canada) Foundation (Li Ka-shing (Canada) Foundation). According to public information, Cao Zhong, chairman and executive director of the company, confirmed that the Li Ka Shing Foundation has filed a bankruptcy petition against Cao Zhong. As the bankruptcy petition is still in its infancy, the company has not yet obtained enough information about the bankruptcy petition through Cao Zhong to analyze its impact on the group.

  Li Ka-shing Wulong electric car bankrupt 2019-09-23
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  Another new force goes bankrupt

  "Automotive Industry concern" learned from the Heavenly Eye that on June 14, Baiteng Automobile affiliate Nanjing Zhixing New Energy Automobile Technology Development Co., Ltd. (hereinafter referred to as "Zhixing New Energy vehicle") added a piece of "bankruptcy reorganization" information. The case number is (2023) Su 0113 break 48, and the case type is "bankruptcy case".

  Company Automobile Zhixing Limited Nanjing Co. Ltd. New Energy case Court Electric Investment Technology Electric vehicle Development people's Court 2023-06-16
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  The court ruled to accept bankruptcy reorganization, and two autonomous car companies had an accident.

  According to the latest announcement, the controlling shareholders of the two companies were ruled by the court to go bankrupt and reorganized because they were insolvent. On the evening of September 1, Zhongtai Motor issued a notice that Tieniu Group Co., Ltd., the company's controlling shareholder, recently received a "civil order" issued by the people's Court of Yongkang City, Zhejiang Province. the court has accepted Tieniu Group's application for reorganization. The announcement shows that because Tieniu Group is no longer able to pay off its maturing debts, and the amount of book assets is less than the amount of liabilities, it should be determined that assets are not sufficient to pay off all debts, but Tieniu Group's assets are diversified and have core value. Through the pre-restructuring stage.

  Zhongtai Automobile Lifan Automobile 2020-09-02
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  In order to suffocate his dream, Jia Yueting finally went bankrupt!

  According to Jia Yueting's debt handling team, after seven months of application, negotiation, voting and court confirmation, Jia Yueting's personal bankruptcy reorganization was finally confirmed and approved by the California Central District bankruptcy reorganization Court at a hearing held in Los Angeles on May 21, local time, which means that the personal bankruptcy reorganization has officially entered the effective process. According to Jia Yueting's personal bankruptcy reorganization plan, Jia Yueting will transfer all the FF shares held by the individual to the creditor trust. Jia Yueting, the founder of FF, will no longer own FF shares, but will still lead the development of FF as CPUO. In short, Jia Yueting's debt will be similar to that of FF.

  Jia Yueting 2020-05-22
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  Lifan announced its January sales, and only one fuel vehicle was sold.

  When the domestic car entered the stock era superimposed the impact of the COVID-19 epidemic, the differentiation of car enterprises has been very obvious, especially since the end of 19 years, several car companies that were exposed by CCTV to go bankrupt and reorganized still failed to achieve a return to light after the recovery of the car market in the second half of last year. Recently, as one of the car companies named by CCTV, Lifan announced its production and sales of KuaiBao in January, selling only one fuel vehicle.

  Lifan automobile 2021-02-22
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  All stores stop selling, "German" Bowo has no property to enforce.

  According to the China referee Writing Network, in the case related to the first Project (Beijing) Culture Co., Ltd., the executee Bowo Automobile (China) Co., Ltd. has no property to execute. According to the enforcement documents, in the process of execution, the Beijing Municipal No. 3 Intermediate people's Court inquired about the opening of accounts with financial institutions, house ownership, vehicle registration and industrial and commercial registration according to law. According to the investigation, there are no executable deposits, no movable property and motor vehicle registration information in the bank account under the name of the person subject to execution, and no foreign investment available for execution. The executor approves the inquiry results of our hospital. The court has adopted the person subject to execution in accordance with the law.

  Bowo car 2022-03-26
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  Great Wall was cheated by Russian dealers for 300 million yuan, and the other side went bankrupt and asked for money without success.

  A few days ago, the Internet revealed that Chinese independent brand Great Wall Motor was "cheated out of 58.4 million US dollars by Russian dealers" and shocked the industry. The incident attracted attention not long ago after Great Wall invested $500 million to build a four-year Tula plant in Russia, and the Harvard F7 went offline and listed at the Tula plant. What is the whole story of the incident and how did Great Wall Motor respond? As early as 2008, Great Wall Motor chose the Ilito Group, a local Russian car dealer, as its partner. Great Wall Motor is responsible for importing and supplying auto parts, which is responsible for assembling and selling in Russia.

  Cars Great Wall bankruptcy dealers 2019-07-03
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  loss-making! A new force of car building laid off a lot of staff.

  In June 2022, Elon Musk, chief executive of Tesla, said bluntly that Lucid, a US electric car start-up, showed signs of bankruptcy and would go bankrupt unless it could slash costs. Now the start-up is laying off staff to cut costs

  Company USA Tess Tesla Automobile Market Electric Model Power Factory China cost loss luxury Vice President 2023-03-29
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  It is revealed that Jia Yueting bought a 20 million luxury house before he went bankrupt. FF should report that it is a pure rumor.

  Before filing for bankruptcy, Jia Yueting bought a 3300-square-foot California $3 million (21.14 million yuan) mansion in August on the Palos Vedes Peninsula in Los Angeles, just one step away from his coastal mansion, US media The Verge reported on Oct. 30. The media also reported that Jia Yueting Line holds an Lmur1 visa, which is based on the condition that his company is operating well. So if FF goes bankrupt, or his job at FF is lost, Jia Yueting may be forced to return to China. The report said Jia Yueting still made some decisions about FF.

  Jia Yueting goes bankrupt 2019-10-31
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  With a reshuffle of the automobile industry in 2020, these brands are facing a moment of life and death.

  2020 is a special year for the global market. due to the influence of the epidemic, the production and operation of the upper, middle and lower reaches of the automobile industry have stagnated. Although the Chinese market has become the first automobile market to recover, under the influence of such a market, there are still many car brands that finally stopped in 2020 because of poor management and become history. 1. Dongfeng Renault on April 14, 2020, both shareholders of Dongfeng Renault announced that the joint venture company had officially ceased operation. Both shareholders reorganized Dongfeng Renault, and Renault transferred its 50% stake in Dongfeng Renault to Dongfeng Automobile Group. Dongfeng Lei.

  FAW Xiali brilliance Group Dongfeng Renault 2021-01-01
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  Hangzhou state-owned assets took over Dongfeng Yulong, and the sales company has gone bankrupt.

  According to the national enterprise credit information publicity system, industrial and commercial changes have taken place in Dongfeng Yulong Automobile Co., Ltd., shareholders Dongfeng Automobile Group Co., Ltd., Yulong Continental Investment Co., Ltd. have withdrawn. Hangzhou Dajiangdong State-owned Capital Investment Management Co., Ltd. has become a wholly-owned shareholder. Information shows that Dongfeng Yulong Automobile Co., Ltd. (

  Yulong Dongfeng company automobile limited sales product investment production market sales Hangzhou year-round brand 2023-06-29
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  Serious overcapacity and idle factories of more than 100 car companies

  During the two sessions of the National people's Congress this year, Wang Fengying, deputy to the National people's Congress and president of Great Wall Motor, put forward a proposal on improving the capacity utilization rate of China's automobile industry. Wang Fengying suggested that we should promote the automobile industry to gather in areas with full capacity utilization and sound supporting systems, cultivate a number of world advanced manufacturing clusters, encourage qualified advantageous enterprises to merge and reorganize enterprises with low capacity utilization or special publicity; strictly control the new vehicle capacity, curb blind investment, avoid inefficient repeated construction, and establish an exit mechanism. Data show that Chinese automobile manufacturers sold a total of 21.456 million passenger cars in 2021, compared with the same period last year.

  Evergrande Automobile 2022-03-15