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On September 26, Jiangling Motor Co., Ltd. issued an announcement to jointly fund the establishment of Jiangling Ford Joint Venture with Ford Motor Company. The registered capital is 200 million yuan, of which Jiangling Motor contributes 102 million yuan and holds 51 per cent of the shares, while Ford contributes 98 million yuan and holds 49 per cent of the shares. From the proportion of equity distribution, Jiangling Motor has more initiative, while Ford should provide more relevant technology. According to the announcement, Jiangling Ford Joint Venture will mainly provide distribution services for Ford-branded vehicles produced by Jiangling Motor, which can also be sold through dealers or terminal customers.
On December 19th, Jiangling Motor announced that the company received a total of 168.293 million yuan from Nanchang City, Nanchang Xiaolan Economic Development Zone and Shanxi Transformation Comprehensive Reform demonstration Zone. The above government support funds are related to income and will be included in the company's profits and losses in 2019. In Beijing, where Jiangling Motor received government support, Jiangling Motor's profits fell short of expectations due to the sluggish automobile market and other reasons. According to the third quarter financial report, Jiangling Motor realized operating income of 6.686 billion yuan in the third quarter of this year, an increase of 13.28% over the same period last year.
According to media reports, Xiang Dongping has joined Ford China as general manager of Jiangling Ford passenger car Marketing Company, with overall responsibility for brand, marketing, sales and service. Data show that since 1998, Xiang Dongping has successively entered SAIC-Volkswagen, Skoda, Volvo and the new car-building force Skyline Automobile, serving as SAIC-Volkswagen brand executive director, Volvo China sales company executive deputy general manager, Skyline automobile director, chief marketing officer and other positions. On March 22, 2020, Xiang Dongping served as Vice President of Hyundai Motor Group (China), deputy general manager of Beijing Hyundai, sales headquarters.
According to relevant media reports, Chen Anning, CEO of Ford Motor, revealed in an interview that the company has cancelled its plan to establish a unified national sales company in China. The plan has exacerbated distrust of the company by Ford's joint venture partners in China and led to a sharp drop in sales in the world's largest car market. In June last year, Ford announced that in order to improve channel efficiency, it had decided to unify the three sales networks of Ford China, Changan Ford and Jiangling Ford, so that consumers could buy all Ford products at any of Ford's 4S stores. This practice is also considered meaningful and can increase its losses.
Recently, Jiangling released its third quarter report in 2019. According to the report, Jiangling Motor achieved sales revenue of 6.686 billion yuan in the third quarter of this year, up 13.28 percent from the same period last year, while net profit belonging to shareholders of listed companies was 98.8114 million yuan, up 198.65 percent from the same period last year. In the first three quarters of 2019, the company achieved sales revenue of 20.408 billion yuan, an increase of 1.08% over the same period last year. Net profit belonging to shareholders of listed companies was 158 million yuan, down 27.93% from the same period last year. Although Jiangling Motor performed well in the third quarter, it still showed a decline in the financial results of the first three quarters.
A few days ago, Jiangling Ford revealed its future product plans. The closely watched Ranger will be officially put into production and listed before the end of the year, while Bronco, the direct competitor of Jeep Horse Shepherd, will also be launched in the first half of 2024. In the future, Jiangling Motor and Ford Motor will rely on Ford Motor's
On March 25, Jiangling released its 2019 performance report, which showed that Jiangling achieved revenue of 29.174 billion yuan in 2019, up 3.27 percent from 28.249 billion yuan in 2018, and net profit belonging to listed companies of 148 million yuan, up 60.96 percent from 92 million yuan in 2018. Basic earnings per share were 0.17 yuan, compared with 0.11 yuan in the same period last year. According to the sales data released by Jiangling Motor on January 4, the cumulative sales in 2019 was 290058, up 1.75% from 285066 in the same period.
On March 28, Ford Lingrui, a brand new model of Jiangling Ford, was officially launched. The new car has launched a total of four models, which were announced on February 14, with a price range of 15.88 yuan to 188800 yuan. After LinkedIn and LinkedIn, Jiangling Ford launched a five-seat medium-sized SUV, which made its debut at the Guangzhou Auto Show in 2021. In terms of appearance, the new car uses the latest family design language, which is quite similar to the design of Lingyu. In the front face, the new car uses a wide polygonal grille, while the interior is designed with a polygon mesh with bright stripes, with split headlights.
be listed
On May 8th, Jiangling announced that it plans to sell 100% of its wholly-owned subsidiary Jiangling heavy truck Co., Ltd. (hereinafter referred to as "Jiangling heavy truck") at a price of no less than 764 million yuan through the public listing of the Shanxi property Rights Exchange Market Co., Ltd. After the completion of the transaction, Jiangling will no longer hold a stake in Jiangling heavy truck. Three months later, Jiangling heavy truck ushered in the "catcher". On August 24th, Jiangling issued an announcement that by the expiration of the listing announcement, the sale of the transaction shares had been solicited from an intended transferee, namely Volvo Lastvagnar Aktiebolag....
According to relevant data, Jiangling accumulated sales of 136600 vehicles in the first half of 2019, down 7.27% from the same period last year, including Yusheng brand SUV and JMC pickup trucks down 85.09% and 21.43% respectively. Even under such circumstances, Jiangling has no intention of lowering its sales target. According to the company, Jiangling Ford and other model upgrades will be put on the market this year, and the Ford brand SUV will be a turning point for the company's profits in the future. Jiangling has become accustomed to flagging performance. From 2016 to 2017, the company's net profit and deducted non-net profit declined.
According to the website of the State Administration of Market Supervision, Jiangling Motor, in accordance with the requirements of the regulations on the Administration of defective Automobile products recall and the measures for the implementation of defective Automobile products recall, filed the recall plan with the State Administration of Market Supervision and Administration. From now on, a total of 1587 Ford critical vehicles produced from December 18, 2018 to January 31, 2019 will be recalled. In some vehicles within the scope of this recall, due to the deviation between the size of the locking gear parts of the rear seat belt frame and the design requirements, in extreme cases, the recovery of the rear seat belt will be slow, resulting in safety risks. Jiangling Motor Co., Ltd.
According to the China Automobile Association, the market share of American passenger cars was 9.6% in 2020, up 0.7% from 8.9% in 2019. The improvement of American market share is not only related to Tesla's strong market performance, but also related to Ford. According to data released by Ford, Ford Motor (including Ford, Lincoln and Jiangling) sold 602600 vehicles in China in 2020, an increase of 6.1% over the same period last year, the first time the company has achieved sales growth since 2017. Ford China consists of Changan Ford, Ford imported cars, Jiangling Motor, Lincoln Brand and other businesses.
In the latest issue of the Ministry of Industry and Information Technology declaration catalogue, "Automotive Industry concern" query found that the domestic Ford Bronco has appeared in the declaration catalogue. Ford Bronco is positioned as a hard off-road model, and it is expected that the domestic Ford Bronco will be produced by Jiangling Ford and will be available in the first half of next year at the earliest. Ford Bro
On March 28, Jiangling Ford led Yu officially launched, the new car launched a total of three models, official guidance price range of-10,000 yuan. It is understood that the new car will be the first to launch six-seater models, that is to say, all six-seater models are listed this time, and five-seater / seven-seater models will be launched in the future. Changyu is a brand-new model under Jiangling Ford, which is located in medium and large SUV. The appearance of the new car adopts Ford's latest family design, the large-size polygonal intake grille is integrated with the slender split headlights on both sides, and the interior of the grille is decorated with dot-matrix chrome strips, according to the different models. The color of the medium net is also divided into black and silver. ...
It is reported that the Ford Ranger pickup truck, known as the "Little Raptor", is expected to be officially unveiled at the 2022 Guangzhou Auto Show and made in 2023. At the same time, Ford Bronco may also be introduced and domestically made in 2023, but it is not clear whether it is Bronco or Bronco.
Since the Ford brand has been exaggerating its product lineup in the past two years, SUV has become the most improved model under the brand. Following Ford's layout of subdivided SUV models and achieving good domestic performance, there are now as many as 7 SUV models under the brand. Even though there are more and more SUV models, the Ford brand plans to launch another 7-seat SUV. According to the official website of the Ministry of Industry and Information Technology, the new SUV model launched this time is not Changan Ford, but Jiangling Ford's brand new 7-seat SUV model, and the new car may be named Equator. As the official has not yet released the relevant information about the car, from the size point of view, the new car volume and shock.
On November 5th, the Ford Bronco Badland model was officially unveiled at the 2022 Expo. According to previous reports, Ford Bronco may be introduced and domestically made in 2023, but it is not sure whether it is Bronco or Bronco Sport, the two models are under construction
As Jiangxi's largest car company, Jiangling, its Lufengzi brand has a mixed reputation in China. It has become a popular car company in the domestic car market for imitating the appearance of Land Rover Aurora X7, which has won the attention of many consumers. and imitation also makes Lufeng fall into the crisis of declining sales. A few days ago, a group of suspected espionage photos of Lu Feng's new SUV were exposed online, code-named E315. From the photo, we can see Lu Feng's previous design style again, this SUV not only combines the design elements of Land Rover, but also adds modern and Ford design style. This new SUV will position the compact SUV, which is expected this year.
Ford Motor Company released sales figures for the Chinese market, which fell 26.1% year-on-year to 567854 vehicles in 2019. Of these, Ford sold 146473 vehicles in China in the fourth quarter of 2019, down 14.7 per cent from a year earlier. There is no doubt that Ford's performance in the Chinese market is once again at a low ebb, with sales falling for three consecutive years since 2017. According to data, Ford's total sales in China reached 1.27 million in 2016, the highest since entering China. Ford missed the opportunity for sustained growth and fell for three years due to problems such as slow product updates.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
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