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  All of a sudden! Guangzhou Auto Fick filed for bankruptcy

  Shareholders of Guangzhou Auto Fick, GAC GROUP and Stellantis have approved a resolution authorizing Stellantis, the world's fourth-largest carmaker, to file for bankruptcy at a loss, according to a notice posted on the website of the world's fourth-largest carmaker. Stellantis Group in

  Fick Group Company Fiat Brand sales Fiat Automobile Operation China announcement Limited Limited assets loss 2022-10-31
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  The branch will be cancelled! Guangzhou Fick Guangzhou factory plans to shut down!

  According to several media reports, GAC GROUP has agreed with Stellantis to transfer his 20 per cent stake in Guangzhou Auto Fick and is in the process. As part of the plan, GAC Fick Guangzhou plant is about to stop production, in the future GAC Fick models will all be produced by Changsha factory, the future of Guangzhou plant is still uncertain. Data show that Guangzhou Auto Fick was established on March 9, 2010. it was established by Guangzhou Automobile Group Co., Ltd., Fiat Group Automotive Co., Ltd., and Chrysler Asia-Pacific Investment Co., Ltd. with a share ratio of 50:10:40. The company is headquartered in Hunan Province.

  Guangzhou Auto Fick 2021-09-07
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  What a surprise! Guangzhou Auto Fick produced only 35 vehicles in February.

  Guangzhou Auto Fick

  Guangzhou Auto Fick 2022-03-13
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  The domestic model of Jeep was exposed that dealers had no cars to sell.

  Public data show that from March to May this year, GAC Fick's production and sales data are almost zero, and the production link is at a standstill. Specifically, the production and sales of Guangzhou Auto Fick were only 1 in March this year, down 99.96% and 99.97% respectively compared with the same period last year, while the production and sales in April were all "-", down 100% from the same period last year.

  Fick Group sales models production and Marketing production Factory Freedom data Brand domestic Automotive Development products Company 2022-06-18
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  one disaster after another! The joint venture car company has been executed by more than 30.88 million.

  Guangqi Fick, which has faded out of everyone's sight, has once again become the focus of attention because of the executive message. On March 28th, "Automotive Industry concern" learned from the sky that GAC Fiat Chrysler Automobile sales Co., Ltd. (hereinafter referred to as "Guangzhou Auto Fick") added a resumption of implementation information, the implementation of the target of more than 30.88 million

  Fick Fiat sales Brand Group Fiat Automotive domestic Clay Chrysler Information Company Court Market assets 2023-03-31
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  GAC Fick became the only declining brand, and the former Jaguar Land Rover executive announced to join at the critical moment.

  On May 10, Guangzhou Auto Fiat Chrysler Co., Ltd. (hereinafter referred to as "Guangzhou Auto Fick") appointed Zhu Hengli as the deputy general manager of Guangzhou Auto Fick and a member of the company's executive committee, which came into effect on May 1. Zhu Hengli is stationed in Guangzhou Auto Fick from Stellantis China. He reports to Massimiliano Trantini, the executive committee member of Stellantis Group in China and president of Guangzhou Auto Fick. In fact, there were media reports earlier that Zhu Hengli, former executive vice president of Jaguar Land Rover sales and service agency, would join GAC Fick as an outsider.

  Guangzhou Auto Fick 2021-05-10
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  Guangzhou Auto Fick's sales fell by more than 30% in the first half of the year, while Muan took over Jeep.

  On July 31st, nominated by Stellantis Group and approved by the board of directors of Guangzhou Auto Fiat Chrysler Co., Ltd. (hereinafter referred to as "Guangzhou Auto Fick"), Ashwani Muppasani was appointed President of Guangzhou Auto Fick, who will be fully responsible for the operation and management of the Jeep brand in China. The appointment took effect on 22 July 2021. It is understood that Muanze was stationed in Guangzhou Auto Fick from the Stellantis Group to Grr é goire Oli..., a member of the global executive committee of the Stellantis Group and chief operating officer in China.

  Guangzhou Auto Fick 2021-07-31
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  Guangzhou Fick Guangzhou factory will be closed! A loss of nearly 5 billion

  Guangzhou Auto Fick

  Guangzhou Auto Fick 2021-09-09
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  confirmed habits are hard to get rid of! A joint venture brand was executed for another 4.7 million yuan.

  According to the information of "Automotive Industry concern" from the sky, Guangzhou Auto Fiat Chrysler Co., Ltd. (hereinafter referred to as "Guangzhou Auto Fick") added a piece of information about the person subject to execution on May 11, with more than 4.7 million yuan in the subject matter of execution. the enforcement court is the Changsha Intermediate people's Court. GAC Fiat Chrysler Automobile Co., Ltd.

  Fick Fiat Fiat Brand domestic sales Clay Chrysler Automotive Company Group Freedom year Limited Co. Ltd. 2023-05-15
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  Another joint venture car company was rumored to withdraw, and the official response came.

  The domestic automobile market continues to reshuffle, Changan PSA, Dongfeng Renault and other joint venture car enterprises have been defeated, the production situation of some weak car enterprises has attracted attention. Recently, another joint venture car company has been rumored to withdraw its investment. A few days ago, China Business News reported that GAC Fick sales fell off the cliff for three consecutive years, a large area of idle production capacity, operating losses, and the outbreak of dozens of dealers to protect their rights. Sources close to FCA revealed that FCA has unilaterally proposed divestment from Guangzhou Auto Fick, but it is not clear the progress of this plan. It is worth noting that if FCA divests from Guangzhou Auto Fick, it will be Fiat and Chris.

  Guangzhou Auto Fick JEEP brand 2020-11-04
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  The sales of Guangzhou Auto Fick fell for 17 months in a row, and the enterprise got stuck in the Jedi and saved itself.

  As a young joint venture company in China's automobile industry, GAC Fick officially entered the market in 2010. In recent years, its energy has experienced great ups and downs, with a sharp decline in sales, frequent product criticism and serious dealer problems. Not long ago, because of the departure of Zheng Jie, president of GAC Fick, many people worry about whether the company will fall into a life-and-death crisis. According to relevant data, GAC Fick sales in June were 5177, down 54 per cent from a year earlier, while cumulative sales in the first half were 35849, down 49 per cent from a year earlier. This is from January last year, Guangzhou Auto Fick sales decline for 17 months in a row, become Guangzhou Automobile set.

  Sales volume 2019-07-27
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  Stellantis announced that it would increase its stake in GAC Fick, and as a result, GAC was "hit in the face".

  On the afternoon of January 27th, Stellantis Group announced on its official website that it plans to increase its stake in the joint venture Guangzhou Auto Fick to 75% from the current 50%. GAC GROUP and Stellantis Group have agreed to the relevant procedures of the transaction, but still need to be approved by regulators. However, GAC GROUP issued a "hit in the face" announcement that night. GAC GROUP said in the announcement: "GAC GROUP learned of his announcement on the equity adjustment of Guangzhou Auto Fick from the official website of Stellantis. This release has not been approved by us, and the two sides have not yet signed the formal equity adjustment of Guangzhou Auto Fick."

  GAC GROUP Guangzhou Auto Fick 2022-01-28
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  The debt is insolvent! The subsidiary company lost 5 billion in three years and became a "drag" of the group.

  In recent years, with the reshuffle of the domestic car market, many joint venture car companies have been marginalized. It is precisely for this reason that the company has become a "drag" on the group, leading to a decline in group profits. For example, before SAIC-Volkswagen claimed that Skoda was a drag on the company's performance, GAC GROUP's latest financial report showed that Guangzhou Auto Fick has also become the biggest lossmaking brand under the group.

  Group 2021-04-04
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  Guangzhou Auto Fick's 300,000 new car off the line, now can only rely on feelings to sell cars?

  On January 8, 2021, the 300,000 new cars at GAC Fick's Guangzhou factory, which mainly produces the Compass and the Liberty Man, went off the line. On the day of the offline ceremony, Zhang Zongsheng, executive vice president of Guangzhou Auto Fick, Ye Rongyan, deputy general manager, Fu Qiang, deputy general manager, section chiefs and staff representatives attended to witness this important moment. Guangzhou Auto Fick said that standing at the new starting point of 300000, the Guangzhou factory will continue to take quality as the cornerstone, innovation as the driving force, adhere to high-quality development, and strive to bring excellent products that meet consumer demand and the characteristics of SUV cars, and will start the journey with a younger attitude. Can you get it at a new starting point?

  Guangzhou Auto Fick 2021-01-10
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  GAC Fiat Chrysler car sales plummeted with a loan of 1 billion yuan.

  GAC Fick, whose sales continued to decline, borrowed 1 billion yuan to replenish its cash flow. GAC GROUP issued an announcement agreeing to provide a 500 million yuan entrusted loan to Guangzhou Auto Fick Automobile Co., Ltd., a joint venture company, through its subsidiary Guangzhou Automobile Group Finance Co., Ltd., with a term of one year, and the interest rate is the one-year LPR rate announced by the people's Bank of China on the lending date. According to the share ratio of the shareholders of both sides to provide loans, GAC Fick can receive a total of 1 billion yuan in loan funds. GAC insiders said that the funds were used to supplement the cash flow of GAC Fick's daily production and operation. Sales of Guangzhou Auto Fick, which is in decline in China, fell below 100000 last year. Root.

  Guangzhou Auto Fick 2020-03-25
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  Guangzhou Auto Fick's sales halved in the first half, and the two major shareholders wanted to revive Jeep.

  Fiat Chrysler ("Fick Group") and Guangzhou Automobile Group Co. ("GAC GROUP") said on their official Weibo that "during the Chengdu Auto Show, Fick Group and GAC GROUP signed a memorandum of strategic cooperation in Chengdu, and the two sides will further strengthen cooperation in the Chinese market and explore new cooperation opportunities in depth." It is understood that Guangzhou Auto Fick was established on March 9, 2010. it was jointly invested by GAC GROUP and Fick Group with a share ratio of 50:50, with a total investment of about 17 billion yuan. At present, Guangzhou Auto Fick's Jeep brands include Free Light and finger.

  GAC GROUP Fick Group 2020-07-30
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  Ningde era applied to freeze 12.5 million property of GAC Fick.

  Recently, Ningde Times New Energy Technology Co., Ltd. (hereinafter referred to as "Ningde Times"), Guangzhou Auto Fiat Chrysler Automobile Co., Ltd. (hereinafter referred to as "Guangzhou Auto Fick") and other non-actionable property preservation review rulings were made public. According to the documents, the applicant Ningde requested to freeze the applicant GAC Fiat Chrysler.

  Fick Brand Company Limited Fiat Market Co. Ltd. Automotive China Times property sales Group Clay 2022-12-29
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  Guan Xuan! Guangzhou Auto Fick may be disintegrated and delisted

  On July 18, Stellantis Group announced that due to the lack of progress in the previously announced plan for Stellantis Group to acquire a majority stake in Guangzhou Auto Fick, a joint venture with GAC GROUP, Stellantis Group will adopt a light asset approach to develop the Jeep brand in China, and

  Group Fiat Brand Fick Automotive Fiat sales models China production domestic Freedom Factory Market Commander 2022-07-18
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  FCA officially refutes rumors of divestment and will always devote itself to expanding the Chinese market.

  Since the second half of 2018, China's automobile production and sales have entered a decline channel. Under the environment of the rapid growth of domestic brands in the past two years, the development trend of automobile brands with the advantage of joint venture has been much lower than before. For this reason, there has been news that FCA Group will unilaterally invest in Guangzhou Auto Fick in order to reduce costs, but this news has been denied recently.

  FCA 2020-11-06
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  For a brand that has been delayed by quality, GAC Fick recalls frequently and its sales decline rapidly.

  Guangqi Fick's reputation for quality in the industry does not seem to be very good. There were many early complaints about quality problems, and even CCTV directly named "burning engine oil". As a result, sales continued to decline as a result of the collapse of word of mouth, and the brand began to decline. A few days ago, Guangzhou Auto Fick announced another recall, the problem with the starter may be the risk of engine cabin fire. According to the recall notice, GAC Fiat Chrysler Automobile Co., Ltd. filed the recall plan with the State Administration of Market Supervision and Administration in accordance with the requirements of the regulations on the recall of defective Automobile products and the measures for the implementation of the regulations on the recall of defective Automobile products. It is decided that with effect from February 3, 2020, the recall Department.

  Jeep Guangzhou Auto Fick 2020-01-22