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  After 35 years, this famous Korean car company has changed its name.

  According to media reports, South Korea Ssangyong Motor held a regular shareholders' meeting on March 22 and decided to change the company name to "KG MOBILITY" through the company name change case, which is the first time the company has changed its name in 35 years. When "Automotive Industry concern" looked at Ssangyong's official website, it found that the official website of the auto company

  Automobile Ssangyong company market Korean won Korea model China Hengda loss technology group production people RMB 2023-03-23
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  Another multinational car company filed for bankruptcy, and Ssangyong Motor lost money for 15 consecutive quarters.

  In the shrinking environment of the global auto market, many car companies on the edge of the market are heavily in debt to choose bankruptcy plans because of poor management. According to media reports, Ssangyong Motors, a multinational car company, has filed for bankruptcy with the Seoul court.

  Automobile enterprise 2020-12-22
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  New development: Ssangyong Motors, a well-known South Korean car brand, may be acquired by the New Power brand this week.

  Following media reports in October that new car-making company Edison Motors will buy Ssangyong Motor for about 223 million euros, there are media reports today that Edison Motors and Ssangyong Motors will complete the merger as soon as this week. Ssangyong Motor is still filing for bankruptcy protection due to loan default. South Korean legal and auto industry expect the acquisition to be completed by this week or January 7 at the latest, media said. Another Edison Motors executive pointed out: "We need to adjust the content of the contract, but if the discussion goes well, the acquisition can be completed within this month."

  Ssangyong Motor 2021-12-27
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  Chuan Geely will participate in the bidding for Ssangyong

  Geely may take part in a bid for Ssangyong, a South Korean subsidiary of Indian carmaker Mahindra, Bloomberg reported. In addition, according to South Korean media reports, Ssangyong Motor, which is in trouble, is looking for new investors and has chosen Samsung Securities to cooperate with Rothschild, a well-known global financial family, to attract market interest. Due to the sluggish sales of products, low R & D funds and other factors, Ssangyong Motor fell into a business crisis. So far, Ssangyong has suffered losses for 13 consecutive quarters. In terms of sales, Ssangyong sold 31110 vehicles in South Korea from January to May, down 35 per cent from a year earlier. Public information shows.

  Geely 2020-06-19
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  223 million euros! South Korean well-known car brands are acquired by new car-building forces.

  According to media reports, car-building new power company Edison Motors will buy Ssangyong for about 223 million euros, and the agreement between Ssangyong and Edison Motors will be finalised as soon as late November. According to previous reports, Ssangyong filed for bankruptcy restructuring with the Seoul court as early as the end of 2020 and has been looking for potential acquirers ever since. The Seoul bankruptcy court said the consortium led by Edison Motors was currently the only bidder for Ssangyong, making it a preferred bidder. The court said that Edison Motors's competitor.

  Ssangyong Motor 2021-10-25
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  Geely intends to acquire two Chinese and foreign car companies? Geely responded that there was no such plan.

  In 2020, the Chinese car company Geely Group continued its mergers and acquisitions. After hosting the Changfeng Cheetah car factory and confirming its ownership of the commercial vehicle Valin Star Horse, Geely said that Geely was interested in acquiring a Chinese car company and a foreign car company. They are Lifan shares and South Korea Ssangyong Motor. Geely has denied the matter. The rumors of Geely and Lifan recently pointed out that Zhejiang Geely Holdings Group Co., Ltd. plans to inject capital into Chongqing Lifan Holdings Co., Ltd. to become its largest shareholder, the price and scale of the stake is not clear. Affected by the news, Lifan shares once rose in a straight line by the limit. Subsequently, in response to this rumor Geely Automobile Group.

  Geely car Lifan 2020-06-20
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  What happened? The giant car company suddenly announced that it would stop production.

  At present, the impact of the COVID-19 epidemic on the global market can not be ignored, and the global automobile industry is experiencing a severe test this year. Renault Samsung, one of South Korea's top five automakers, has announced a 24-day suspension of production, CCTV Financial reported. Recently, South Korea's Renault Samsung announced that its only factory in South Korea, Busan, will suspend car production for 24 days from the 25th of this month to the 18th of next month in order to adjust production due to a backlog of inventory caused by low sales. Renault Samsung Automobile Union said that labor and management after six negotiations have not made any progress, the shutdown is the company through the reduction of workers' wages to create for the enterprise.

  Renault Samsung 2020-09-29
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  The domestic supply chain has been interrupted by the epidemic, which has caused a number of South Korean car companies to stop production of some models.

  Due to the spread of the COVID-19 epidemic, a number of domestic auto parts companies upstream and downstream have suspended or postponed production plans, so that a number of car companies around the world will be affected. South Korea's Hyundai Motor Co., Ltd. said it plans to suspend South Korean-made Palisade SUV models this week in response to supply disruptions caused by novel coronavirus's outbreak.

  Vehicle type 2020-02-01
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  The value preservation rate of second-hand cars ranked in 2020, Japanese brands are strong.

  Recently, the China Automobile Circulation Association released the "2020 White Paper on the Circulation Development report of China's used car Industry" at its 2020 meeting, detailing the value preservation rate of China's used cars from January to September 2020. From the perspective of brand preservation rate, the preservation rate of Japanese mainstream brands is still strong. There are five brands with a three-year preservation rate of more than 70%, namely Porsche, Lexus, Toyota, Honda and Subaru, with average preservation rates of 78.79%, 80.70%, 76.54%, 75.21% and 71.41%, respectively. The preservation rate of German and Japanese brands is generally higher than that of market water.

  Toyota Honda 2020-11-18
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  Car recall ranking: Honda has the largest recall, with only one independent brand on the list

  The automobile recall has "two sides". On the one hand, it reflects the hidden dangers of the existing defects in product development, and the other is the manufacturer's responsible attitude towards products and consumers. According to statistics released by the State Administration of Market Supervision and Administration, a total of 10 recalls were launched in the past month, involving more than 1.28 million models, of which the Honda brand recall is the largest, covering almost a full range of domestic models of the Honda brand. From the ranking list of car recalls for nearly a month, we can see that nine are foreign brands, and only one independent brand is Pentium. The fuel pump produced by Denso in Japan has been recalled on a large scale earlier, and the cause of the defect is exactly the same.

  Automobile recall 2020-06-08
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  Revenue fell 30 billion, with a net loss of 6.2 billion yuan-a major crisis for large groups

  As the Chinese automobile market enters the stock competition, the market competition intensifies and other phenomena, the dealer group management level appears a great turning point, the operation continues to lose money, and the sale of stores has become the current survival situation of many dealer groups. The large group of large domestic car dealers reported a loss of more than 6 billion in 2018 and 500 million in the first quarter of this year. According to the report, the operating income of the giant group reached 42.034 billion yuan in 2018, down 40.37 percent from the same period last year, while the net profit belonging to shareholders of listed companies lost 6.155 billion yuan, down 3003.23 percent from the same period last year. 20...

  Loss revenue huge 2019-05-04
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  The global car market hit rock bottom in April, and the Chinese market recovered significantly.

  The auto market shrouded by ​ COVID-19 has seen signs of a sharp decline since the first quarter of this year, and according to the latest April new car sales data released by various countries, the global car market almost without exception has declined, and sales in many countries have even hit bottom.

  Car market 2020-05-19
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  Or terminate the listing! A car dealer was put on file for investigation.

  On May 27th, * ST announced that Giant Automobile Trade Group Co., Ltd. (hereinafter referred to as "the company") received the notice of filing a case of China Securities Regulatory Commission (CSRC) issued by China Securities Regulatory Commission (CSRC) on May 26, 2023 (serial number: CSRC filing word).

  Huge Group Company Automobile Stock performance Dealer China announcement Investor Investment Survey net profit net profit Securities Supervision 2023-05-27
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  Wuhan wants to support Dongfeng Motor, but netizens say that "A Dou who can't afford it"

  According to media reports, Wuhan is considering measures to support Dongfeng Motor, the largest local carmaker. Potential measures include subsidies for new car buyers, new government orders to Dongfeng Motor and plans to take advantage of idle factories in Dongfeng's joint venture with Renault. The draft, dated April 28, highlights the help provided by Wuhan to support Dongfeng Motor, but the document does not provide specific costs and points out that these policies may be adjusted after further discussions by the government. According to the relevant media reports, Wuhan Municipal Government, Wuhan Economic and technological Development Zone and Dongfeng Motor did not respond immediately.

  Dongfeng automobile 2020-05-12
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  Jiangte Motor sold 100% stake in Kowloon Motor at a 25% discount

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  Kowloon Motor bus 2019-12-08
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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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  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
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  The latest announcement! Another senior executive of Dongfeng Motor was investigated.

  According to the discipline Inspection Commission of the CPC Dongfeng Automobile Group Co., Ltd., the Office of the Supervisor of the State Supervisory Commission in Dongfeng Automobile Group Co., Ltd., and the website of the Xiangyang discipline Inspection Commission: Tang Shengqiang, Deputy Chief Minister of Marketing headquarters and General Manager of the VAN vehicle Division of Dongfeng Motor Co., Ltd., is currently receiving

  Dongfeng Automotive Company Limited Dongfeng Automobile Group Dongfeng Company Business shares Light suppliers Commercial Commercial vehicles Dongfeng Automobile Group 2022-07-07
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  Self-innovation? Dongfeng Motor will be "split"

  On May 25, Dongfeng Motor Co., Ltd. (hereinafter referred to as "Dongfeng Motor") issued a notice that Dongfeng Motor received a notice from its controlling shareholder, Dongfeng Motor Co., Ltd. (hereinafter referred to as "Dongfeng Co., Ltd.") on May 24. Dongfeng Co., Ltd. is planning the transfer of shares in the company, which may lead to the company.

  Dongfeng Automobile Dongfeng Motor Company Limited Group shares Co. Ltd. Dongfeng Automobile Group sales shareholders Equity holding spare parts matters 2022-05-26
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  Another car company is going to collapse? Hanteng Motor was exposed to bankruptcy and restructuring this month.

  Today, according to the Daily Business News, a person close to Hanteng Motor said that Hanteng Motor will complete its bankruptcy restructuring by the 25th of this month. In addition, it also said that the first phase of the Hanteng plant will also be sold to Great Wall Motor at a low price, and Great Wall Motor will take over the first phase of the Hanteng plant after the bankruptcy restructuring of Hanteng Motor is completed. In response to the news, Great Wall Motor said: "at present, we have not received the relevant news, and we will implement it as soon as possible." As for the current situation of Hanteng Motor, the person familiar with the matter said: Hanteng Motor has suffered many rounds of layoffs and voluntary turnover, and there are only a few dozen employees left behind at the factory. It indicates that although.

  Hanteng car 2022-04-19