NAV: AutoBeta Home > AutoBeta Popular content >

Lack of funds Learn more about Lack of funds

AutoBeta has retrieved the following content about Lack of funds for you across the entire web.

• 

  FF91 mass production shelved or for lack of funds, when will Jia Yueting's dream of building a car come true?

  On July 28th, FF's official Weibo posted a message saying that FF91 had unveiled at the Car and Coffice luxury car show. Later, it was exposed by netizens that the luxury car show mentioned by FF is actually a car friends' meeting without a threshold, as long as they can participate after the Car and Coffice application is successful. As can be seen from the pictures released by FF, the supercars next to FF91 are Lamborghini, Ferrari and other supercars, in which FF91 is particularly conspicuous and out of place. FF91 was released in early 2017, and FF received investment from Evergrande Xu Jiayin at the end of 2017.

  Lack of funds FF91 mass production indefinite mass production 2019-08-11
• 

  Lack of money! Further postponement of Faraday's future FF91 delivery

  On April 13th, Faraday issued a notice in Business Wire in the United States that the delivery of its first model will be delayed. The circular pointed out that some suppliers informed the company that the company's time requirements could not be met, so the start delivery time and three phases of FF 91 vehicles were updated.

  Faraday Faraday capital stage loss vehicle time model company official or shortage full price market 2023-04-14
• 

  Class C stopped production in the United States, lack of funds caused Mercedes-Benz to stop production of some cars.

  Due to the shrinking market and the impact of novel coronavirus, car companies have been unprecedentedly affected in terms of sales and revenue. In order to reduce costs, layoffs and discontinued production of some unprofitable models have become the current choice of more and more car companies. Daimler will stop production of some Mercedes-Benz models in the United States and Mexico, Reuters reported.

  Mercedes Benz 2020-07-19
• 

  The money for help is in place! Xu Jiayin's Dream of making cars is hopeful again.

  On August 21, according to the Financial Associated Press, the first transition fund newly introduced by Evergrande Motor Co., Ltd. has arrived on schedule today. Last week, Evergrande announced that it had received the first strategic investment of about US $500 million (RMB 3.6 billion) from Newton Group, which is headquartered in Dubai, United Arab Emirates.

  Cars Evergrande capital factories losses models groups Tianjin Newton strategy investment production people RMB new cars 2023-08-22
• 

  Jia Yueting's FF is yellow? The official release of the final news, the factory internal picture exposed

  Jia Yueting's Faraday Future (Faraday Future) has been shelved because of a lack of funds and is trying to seek financing from new investors. FF, which has not had news for a long time, officially released a news today that FF 91 was unveiled at the Car and Coffee luxury car show, alongside Ferrari, Lamborghini and other sports cars. On April 30, FF announced that it had received $225 million in debt and trust financing led by Birch Lake, an American commercial bank. Houlihan Lokey, an independent valuation adviser, confirmed.

  Release Jia Yueting official finally 2019-07-28
• 

  Brilliance Group defaulted on billions of debts and was unable to repay due to financial constraints.

  Brilliance Automobile Group, which fell into bankruptcy reorganization due to debt problems, has become another independent automobile manufacturing enterprise that has poor management and embarked on the road of reorganization. Recently, brilliance Automobile Group said that it had defaulted on its debt of 6.5 billion yuan, and the company was unable to repay it due to lack of funds. Brilliance Automobile Group Holdings Co., Ltd. announced that brilliance has defaulted on its debt totaling 6.5 billion yuan and overdue interest totaling 144 million yuan, according to the Financial Associated Press. Due to the shortage of funds in the enterprise, the examination and approval of the renewal credit has not been completed, resulting in non-repayment. At the same time, brilliance Group's debt default has an impact on the production and operation of brilliance Group.

  Brilliance car 2020-11-16
• 

  Online rumor Li Shufu spent 300 million yuan to buy shares to both sides to respond to financing rumors: no comment

  Recently, there are media reports that Geely plans to invest US $300 million to buy shares, and pointed out that according to the calculation of the convertible bonds of US $3.07 that has just been carried out in the primary market, Geely will account for less than 10% of the shares of Lulai after this round of investment, and after the shares are diluted by existing shareholders, Geely is expected to become the third largest shareholder of Xilai. In response to the relevant media reports, Yang Xueliang, vice president of Geely Automobile Group, said that he "did not know about this and did not comment on the market rumors". Lulai also said that "no comment will be made, and all financing related issues will be mainly announced." The shortage of funds for cars in Xilai is nothing new.

  Li Shufu Weilai Motor 2020-02-18
• 

  Lai Automobile reduces the proportion of provident fund contribution to 5% because of difficulties to reduce costs.

  According to domestic media reports, Lai Motors announced that it would reduce the proportion of provident fund contributions from the current 12% to 5% from September. Lai Motors said that the company was currently experiencing difficulties and returned to the actual situation of start-up companies in order to concentrate resources to support front-end business development. starting from next month, under the condition that the basic benefits of employees will not be affected, the provident fund will be paid at a statutory rate of 5%. This adjustment involves all employees of various departments in China. Due to the different statutory standards and operating procedures of provident fund in different places, the implementation time will be slightly different. In May 2018, the Ministry of Housing and Construction, the Ministry of Finance and the Central Bank issued a statement on improving housing.

  Car Weilai proportion 2019-08-29
• 

  Internal letter from Boxun Automotive CEO: operations cannot be resumed without capital and government support.

  On June 28, Huang Ximing, founder of Boxun Automobile, once again posted an internal letter on WeChat group. In this internal letter, Huang Ximing said that Boxun Automobile is currently in the operation stage of light asset mode, and there is no saleable assets such as land and factories to solve the employees' practical problems. He also apologized for all kinds of difficulties caused to employees due to the company's problems in the past year. At the same time, Huang Ximing said that he tried to cooperate with other manufacturers or newcomers in the industry to recover funds by working with intangible assets such as models, platforms and intellectual property rights built over the past three years, giving priority to employees' social security, provident fund and salary. Huang Ximing also said in the internal letter that there is no external capital note.

  Boxun car 2020-06-29
• 

  The dual-qualified Minan Automobile "Lantu" has not yet been put on the market, and it is exposed that it will take a periodic holiday.

  This year, affected by the decline of the car market and the decline of subsidies for new energy vehicles, the life of new energy vehicle companies is extremely difficult, and most of the new car-building forces have ushered in the year of life and death, whether they are the top car companies such as Lulai Motors or the small-scale new car-building forces. can't escape this disaster. Minan Automobile is one of them, which has always kept a low profile and rarely heard relevant news among the public, but according to sources, Minan Automobile is full of loopholes, development is also in trouble, and the situation is very dangerous. A notice on the Internet today that Minan Automobile is suspected of implementing a phased holiday, according to the content, is affected by national policy, new energy vehicle market environment and the country.

  Minan Automobile 2019-10-30
• 

  The FF 91, which is limited to 300units worldwide, has been sold out.

  The Futurist Alliance version of FF 91, which is limited to 300 units worldwide, has been sold out, according to Faraday Future's website. It is understood that FF 91 announced that it will start booking on July 22, with a priority reservation amount of 50,000 yuan. The exact price of the "futurist alliance" version of FF 91 has not been officially announced. It has been reported that the "futurist alliance version" of FF 91 sells for $280000 in the United States and about 2.8 million yuan in China. FF officials said they would not comment. On the evening of July 22, Farah.

  FF 91 2021-07-26
• 

  Jia Yueting sent a long apology.

  On the afternoon of June 21, Jia Yueting posted a long message on Weibo, "to all investors: frankly communicate one problem and two major opportunities-- stock merging and share expansion to break the funding bottleneck, and promote the realization of the" subverter + founder "strategy. Apologize for the delay in the second phase of Faraday's future first model. According to Jia Yueting, first

  Stage financing doctrine doctrine ability all-out model product team time capital China expert company strategy 2023-06-22
• 

  Jiangling Motor plans to establish Jiangling Ford passenger car Company with Ford Motor

  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.

  Jiangling Motors 2021-09-28
• 

  Lifan's account is frozen and unable to repay its debts, and its financial situation is worrying.

  Sales decline, performance losses, factory shutdown, deep debt, Lifan suffered the biggest crisis in history. On December 17, Lifan shares announced that the company used 449 million yuan of idle funds raised by the previous non-public offering shares to temporarily replenish 10 million yuan of the working capital on December 17, 2019. Because the special account of raising funds opened by the company related to the previous non-public offering shares has all been frozen, in order to ensure the safety of the company's funds, it is temporarily unable to return to the raising fund account. In addition, Lifan due to financial constraints, part of the funds raised before has not yet been bad, delinquent so far. In the announcement, Lifan said.

  Lifan 2019-12-18
• 

  Weilai announced the completion of US $100 million convertible bond financing, and there is still a lot of financial pressure.

  Xilai Motor announced the completion of a cumulative $100m convertible bond financing project, which was bought by two Asian investment funds of $70 million and about $30 million respectively, both of which were "non-related parties".

  Weilai financing 2020-02-07
• 

  Sales fell 31% in the first quarter, and Tesla was criticized as "on the verge of bankruptcy" again.

  Tesla was once again criticized for being on the "brink" of bankruptcy! According to Reuters, the US hedge fund, Greenlight Capital, criticized Musk and Tesla, saying that Tesla's lack of demand, "desperate" price cuts, layoffs and so on, once again seemed to be on the "brink" of bankruptcy. "We think that right here and now, the company seems to be on the brink of collapse again." At the end of February, Tesla announced the global closure of offline stores to save operating costs, while the price of all Tesla models was reduced by 6%. Tesla announced the shop closure and began to lay off staff, while the old car owners who have bought cars are concerned about.

  Tesla 2019-04-15
• 

  After Lifan, another car company will be "revived", and the brand-new model will be exposed.

  After Lifan was revived by Geely, BAIC Yinxiang, which is mired in the debt crisis, is also expected to "revive". Recently, the second creditors' meeting of BAIC Yinxiang Automobile Co., Ltd. and Chongqing BAIC Magic Speed Automobile sales Co., Ltd. was held in the national enterprise bankruptcy reorganization case information network, and finally all the voting groups passed the draft reorganization plan by a large vote. This means that BAIC Yinxiang, which is mired in the debt crisis, is expected to usher in new development opportunities. It is revealed that after the restructuring of BAIC Yinxiang, the four shareholders contribute in the following ways: special fund with RMB 1.2 billion yuan; Yinxiang Group with RMB 487 million yuan; and Hechuan Transportation Company.

  BAIC Yinxiang 2021-02-05
• 

  The funds are in a hurry! Faraday will be exposed to layoffs and pay cuts in the future.

  Faraday laid off dozens of employees in the future earlier this month, according to two people familiar with the matter, according to Phoenix New Media Technology. Not only that, Faraday will cut all employees' salaries by 25% from next month, which is expected to last from November 1 to the end of the year to conserve cash. However, Faraday did not

  Faraday Faraday Company Capital United States employees stocks losses Operations year time cars Directors Board of Directors restructuring 2022-10-26
• 

  The factory stopped production! Evergrande sells assets on sale for 2 yuan

  On the evening of April 24, Evergrande disclosed in an announcement that the Tianjin factory had suspended production of Hengchi 5 due to lack of funds. Before that, Evergrande suspended other factories and concentrated its resources on production in Tianjin. The suspension of production in Tianjin factory means that the first model of Hengchi brand, "Hengchi 5", will stop production for a period of time. No.

  Evergrande Automotive announcement China Project New Energy Model Investment Division Investor production Factory Company crisis property 2023-04-25
• 

  Wang Fachang, a veteran of Chinese automobile industry and former FAW Toyota executive, has died.

  According to the media, Wang Fachang, an excellent manager in China's automobile marketing industry and former executive deputy general manager of FAW Toyota sales Company, died of a sudden heart attack at his home in Changchun in the early morning of October 5, 2019 at the age of 67. According to the data of the China Automobile Circulation Association, Mr. Wang Fachang entered the automobile industry in 1970, which played a positive role in promoting the realization of two-way logistics of Chinese automobiles, and the invention and creation carried out tripartite cooperation among banks, enterprises, and trade through the pledge of qualified certifications. to solve the dilemma that dealers are unable to carry out car turnover due to lack of funds. Mr. Wang Fachang has served as FAW Volkswagen sales Co., Ltd., FAW Toyota sales Co., Ltd., FAW car stock.

  FAW Toyota Autobot Wang Fa Chang 2019-10-06