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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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  Another self-branded new car is accused of being a "copycat", and General Fukuda pickup truck will be released.

  Fukuda Motor's new pickup model "Grand General" is about to be released, which is expected to go on sale in November.

  Fukuda Motor 2020-09-09
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  Similar to a best-selling American model, General Fukuda is officially listed.

  General Fukuda officially went public on March 6, with a price range of 12.98-183800 yuan for the new car. It is understood that the new car launched a total of leisure version, sports version, cross-country version of three appearance style models, and provide three different kinds of power. General is BAIC Foton's latest pick-up truck, but at first glance, its appearance is very similar to that of an American brand. From the point of view of the real car, General Fukuda adopted a relatively strong design style, with a black straight middle net and a "C" headlamp group on both sides, which made the front of the car look bulky and domineering. In addition, the general joined the huge "FOTON..." in China.com.

  Fukuda Motor 2021-03-06
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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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  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
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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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  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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  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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  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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  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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  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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  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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  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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  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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  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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  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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  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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  The "most expensive van" Lexus LM suffered its first collision, and the car owner was optimistic.

  According to netizens, there was an "expensive" traffic accident in Hebei today. although the vehicle involved was not a top luxury model, it attracted the attention of the industry because it was the first collision of Lexus LM, the "most expensive van" in China. It is understood that this is a traffic accident that occurred today at the intersection of Provincial Highway 273 and Baihe Road in Yongqing County, Langfang City, Hebei Province. judging from the pictures at the scene, Lexus LM collided with a Futian Rivo truck. As the details of the accident are not known, it is impossible to know whose fault caused it. However, judging from the damage to the two cars, it can be speculated that the two cars at the time of the accident.

  Lexus 2020-06-04