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  SAIC suddenly stopped buying Shenzhou rental cars, and Chen Hong responded that "acquisitions should not be just acquisitions."

  China car rental receiver has skipped tickets many times, why is China car rental not favored? SAIC "Xiehu" BAIC announced on July 2 that SAIC Hong Kong, a wholly owned subsidiary, would buy no more than 613 million shares of Shenzhou Rental car for a total price of no more than HK $1.902 billion at HK $3.10 per share. Once the acquisition is completed, Shenzhou excellent car will no longer hold a stake in China car rental, and SAIC will hold a 28.92% stake in China car rental to become the largest shareholder. However, half a month later, the matter was reversed. On July 20, SAIC announced that it would affect the above-mentioned transactions during the negotiation of the follow-up equity transfer agreement.

  Shenzhou car Rental SAIC 2020-07-20
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  SAIC "intercepts Hu" BAIC acquires Shenzhou Rental car and may become the largest shareholder.

  On the evening of July 2, SAIC announced that its wholly-owned subsidiaries SAIC Hong Kong and Shenzhou Youche and Amber Gem, a subsidiary of Warbug Pincus Fund, signed an "acquisition offer" to acquire no more than 613 million shares held by each of them in cash at a total price of no more than HK $1.902 billion. At the same time, China car Rental issued a notice saying that the main shareholder, China excellent Automobile, has signed an offer with SAIC Hong Kong, which intends to purchase no more than 443 million shares of the company from the Shenzhou excellent car seller at a price of HK $3.10 per share.

  Shenzhou car Rental SAIC 2020-07-03
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  Do you want to copy the bottom at a low price? BAIC may become the largest shareholder of car rental in China.

  After the fraud incident of Luckin Coffee, the company of Shenzhou Department, which belongs to Lu Zhengyao, has been in turmoil. On June 1, China car Rental announced that Beijing Automobile Group Co., Ltd. (hereinafter referred to as "BAIC") will acquire a stake of no more than 21.26%. According to the strategic cooperation agreement, BAIC will purchase no more than 450 million shares from Shenzhou Youche, which is equivalent to about 21.26% of the total issued share capital of the company as at the date of this announcement. The details and terms of cooperation between Shenzhou Youche and BAIC are still under negotiation. If the agreement takes effect, BAIC will become the largest shareholder of car rental in China. Since April this year, Shenzhou excellent.

  BAIC Group China car Rental 2020-06-01
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  Geely plans to buy China Rental car? Geely responded: nothing.

  According to the Interface News, Geely Group's strategic investment department is in contact with relevant agencies to discuss the acquisition of Shenzhou rental cars. According to the Interface News, Geely Group discussed the acquisition of Shenzhou car Rental as early as a few days before Muddy Waters released Luckin Coffee's report, and Geely Group also acquired Shenzhou car Rental for the development of its travel brand, Cao Cao Travel. Cao Cao's main operator, Hangzhou Youhang Network Technology Co., Ltd., is gradually increasing its registered capital in various cities across the country to prepare for the acceptance of Shenzhou car rental assets. In response to the above report, Yang Xueliang, vice president of Geely Group, said, "Geely has no plans to buy China, both sides have never."

  Geely car China Rental car 2020-04-10
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  Shenzhou Youche said the layoffs were incomplete, but revealed the "dilemma" behind it.

  A few days ago, the video of "violent layoffs" of Shenzhou excellent car was circulated and discussed, and then Shenzhou excellent car also explained the matter and said there was a misunderstanding. After investigation, the complete situation will be explained. The video shows a company HR announcing the unilateral termination of the labor contract to the employee sitting at the station, and another colleague made a video record. during the communication between the two sides, the employee was puzzled, but hr replied, "if you have any opinions, you can go to arbitration." Due to the issue of public opinion, the person in charge of Shenzhou Youche said that it was the wrong way of handling the hr and how improper it was, so the hr involved had already made a reflection. Pass by.

  Shenzhou excellent car 2020-01-04
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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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  Is it a drag on Bowo? The net profit of car rental in China dropped sharply by 90% in 2019.

  China car rental released its 2019 financial report on March 17. According to the financial report, the total rental income of China car rental in 2019 totaled 5.559 billion yuan, an increase of 4.1 percent over the same period last year, while net profit was 31 million yuan, down 89.3 percent from the same period last year. China car rental revealed in the financial report that in the challenging moment, the company has stopped buying new cars to maintain safe cash levels. At the same time, companies stimulate growth by encouraging car rentals to reduce physical contact. The company will continue to sell more used cars to replenish liquidity. Total revenue increased by 4% year-on-year, while net profit plummeted by 89.4%, except for car rental in China.

  Bowo car China Rental car 2020-03-18
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  Bowo is about to change ownership! Shenzhou Youche plans to acquire a 67% stake in Bowo Automobile with 4.1 billion yuan.

  Shenzhou Youche announced that it intends to transfer the 67 per cent stake in Baowo Motor held by Changsheng Xingye at a transfer price of 4.10911 billion yuan. Upon completion of the transaction, the company will take a controlling stake in Bowo Motor. This also makes the capital acquisition rumors of both sides finally settled. Regarding Changsheng Xingye's stake in Bowo, Lu Zhengyao, chairman and CEO of China excellent car, said in an interview earlier: "Changshengxingye is a company owned by my classmate Wang Baiyin. Shenzhou Youche supports Changsheng Xingye to take a stake in Bowo." Shenzhou excellent car only wants to form a deep strategic cooperative relationship with Bowo as a platform. At this point of time, Shenzhou excellent car is not suitable to talk to Bao Wo.

  Car Bauer. 2019-03-19
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  Lu Zhengyao resigned as chairman of the board and non-executive director of the company.

  On June 10, China car Rental announced that Lu Zhengyao had resigned as chairman of the board of directors and non-executive director of the Company in order to devote more time to the performance and other business of Shenzhou excellent Automobile Co., Ltd., effective June 9, 2020. After his resignation, Lu Zhengyao will no longer serve as a member of the nominating committee of the Company. According to the terms of the financing agreement signed between the group and the lender, if Lu Zhengyao ceases to be a director of the company, the lender can declare the outstanding debt due and payable immediately. According to the terms of the financing agreement signed between the group and the lender, if Lu Zhengyao ceases to be a director of the company, the lender can announce.

  China 2020-06-10
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  Shenzhou excellent car will fully take over Bowo car, which may bring new vitality.

  According to relevant media reports, Beijing Baowo Automobile Co., Ltd. (hereinafter referred to as "Bowo Automobile") has made a number of industrial and commercial information changes. Among them, Wang Baiyin, the former chairman, manager and legal representative, withdrew, Lu Zhengyao, chairman of Shenzhou excellent car, became the chairman of Bowo Automobile, Chen Liangyun, CFO of Shenzhou excellent car, became the director, manager and legal representative of Bowo Automobile; the former investor Changsheng Xingye (Xiamen) Enterprise Management Consulting Co., Ltd. (hereinafter referred to as Changshengxingye) withdrew, and Shenzhou Youche (Xiamen) Information Technology Co., Ltd. became the new investor. It means that Changsheng Xingye officially withdrew from Baowo Automobile, and Shenzhou excellent car will take over in an all-round way. Actually.

  Car Bauer. 2019-07-31
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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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  HR's violent layoffs were hotly debated, and Shenzhou excellent car responded: it has been reasonably compensated.

  A few days ago, a video about the announcement of layoffs at the HR station of China excellent car has been widely circulated on the Internet and has been hotly debated. In response to this matter, China Auto responded, saying that the company has given compensation for layoffs in accordance with laws and regulations, and HR staff are also reflecting on themselves.

  Shenzhou excellent car 2019-12-30
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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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  The average daily income of online car hailing in Shenzhen is 296 yuan, but less than 30% of taxis.

  With the continuous development of modern information technology and the popularity of smart phones, ride-hailing has become an indispensable part of citizens' travel. Recently, Shenzhen Transportation Bureau released the dynamic information of Shenzhen ride-hailing industry in the first half of 2019. Data show that as of June 30, about half of online car-hailing orders received less than 10 orders per day, online car-hailing cancelled 1597, and the number of car-hailing out of operation increased significantly compared with the previous two years. According to statistics, at present, a total of 17 platforms in Shenzhen have obtained Shenzhen network taxi booking license, of which only 9 platforms have carried out actual operation business in Shenzhen, namely, the first car booking and Shenzhou.

  Shenzhen 2019-08-03
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  The property of the centennial car company has been disposed of!

  On September 18, the official website of Beijing property Exchange issued a notice on the disposal of property in bankruptcy liquidation of Baowo Automobile (China) Co., Ltd. (hereinafter referred to as "Bowo China"). The contents of the announcement show that on August 4, 2023, the Beijing No. 1 Intermediate people's Court ruled to declare Bowo China bankrupt, and the administrator was responsible for Bowo China property in accordance with the law.

  China property announcement administrator Beijing management people's court patent exchange property right people law company content method 2023-09-18
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  The Bowo Dealer Rights Protection working Group was dissolved because of "extreme behavior".

  Last year, China took a 67 per cent stake in Bowo for nearly 4 billion yuan, and Bowo dealers expressed strong dissatisfaction with the introduction of Shenzhou Buy into its terminal sales system, followed by more than one collective rights incident. In order to promote communication and coordination between Bowo dealers and manufacturers, on February 14 this year, the all-China Federation of Industry and Commerce Automobile Dealers Chamber of Commerce established the Bowo Dealer Rights Protection working Group, but today the Chamber disbanded the Rights Protection working Group. The reason is that Bowo dealers have "taken extreme behavior". Today, the all-China Federation of Industry and Commerce Automobile Dealers Chamber of Commerce issued a notice to dissolve the rights protection working group of Baowo dealers.

  Take extreme behavior Baowo extreme behavior 2019-02-26
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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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  A number of car companies, such as BMW, donated money to support the fight against the new viral pneumonia.

  COVID-19 epidemic affected the hearts of people across the country, in order to support the fight against viral pneumonia, a number of car companies have responded, taking the initiative to donate money and other actions.

  A number of car companies donated money to support Wuhan 2020-01-26
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  The problem of arrears of wages has not been solved, so they rely on contract workers to continue their lives. What is the future of Changjiang Automobile?

  I haven't received my salary for four months in a row. Said an employee who has worked in Hangzhou Changjiang Automobile for many years. According to the survey, nearly 300 employees of Hangzhou Automobile Company have not yet settled their salaries. In this regard, the relevant person in charge of Hangzhou Changjiang Automobile said that the company has recently had temporary difficulties in capital flow and is currently working on a solution, but it will be solved. In fact, it is exposed that not only Hangzhou Changjiang Motor, but also its affiliated companies, including Guizhou Changjiang and Chengdu Changjiang, are in arrears. On July 5, dozens of employees in the Yangtze River held up banners to ask for wages in Guizhou Yangtze River Company.

  Automobile 2019-07-22
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  Sichuan Luding M6.8 earthquake! A number of car companies have announced donations

  Recently, the earthquake disaster in Luding, Ganzi Prefecture, Sichuan Province has touched people's hearts. As of 8: 00 on September 8, the 6.8 magnitude earthquake in Luding, Sichuan Province had killed 82 people, including 46 in Luding County of Ganzi Prefecture and 36 in Shimian County of Ya'an City. the earthquake also caused 35 people missing and more than 270 injured (4 of them were seriously injured.

  Sichuan Luding Automobile disaster area work earthquake Fund China Ganzi Rescue people Company Foundation BMW region 2022-09-08