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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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  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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  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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  GAC listed to sell shares in its subsidiaries, and co-founded cars may take over.

  Recently, GAC GROUP announced that GAC MOTOR Co., Ltd., a wholly-owned subsidiary (hereinafter referred to as "GAC MOTOR"), will transfer its 49% stake in GAC MOTOR (Hangzhou) Co., Ltd., a wholly-owned subsidiary, through the Guangzhou property Exchange. The reserve price of the public listing transaction shall be no less than 1.2388083 billion yuan (subject to the results of the archived evaluation report) as the basis. At the same time, GAC MOTOR (including related parties) will transfer the 246.0322 million yuan held by GAC MOTOR (Hangzhou) Co., Ltd. by agreement.

  Hechuang Automobile 2021-11-16
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  GAC MOTOR's sales plummeted 54% in July. Can GA6 bring about a turnaround and a boost?

  On August 23, the new generation of GAC MOTOR GA6 officially went on sale, launching a total of 6 models with a price range of 108800 yuan to 168800 yuan. Have to say, in the market segment at this price, there are not many peer competitors who can compete with Chuanqi GA6. GAC MOTOR also hopes to bring about a turnaround and improvement in sales with a new generation of GA6. In the past two years, GAC MOTOR's sales have plummeted due to the depression of the domestic car market. It took two or three years to increase sales from 135000 to 535000, but as of July this year, the cumulative sales were only 213500, which was decided at the beginning of the year.

  Sales volume GAC MOTOR Guangzhou Automobile 2019-08-27
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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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  Lack of product power, GAC MOTOR's development will slowly move towards the abyss.

  According to the June statistics of the Federation of passengers, sales of narrow passenger cars reached 1.766 million, an increase of 4.9%. This is the first time that China's passenger car market has rebounded after 12 consecutive months of negative growth. GAC MOTOR has already drawn up three good news reports. The first one is that GAC MOTOR sold 44124 vehicles in June, an increase of 18.92% over the same period last year. The second is GAC MOTOR's terminal sales of 54534 vehicles in June, up 57.6 per cent from a year earlier. The third is an increase of 5.6 per cent against the trend of 220880 vehicles in the first half of the year. Between the switch of the sixth grade, the only thing the auto market can achieve against the trend is the push of price reduction and inventory removal.

  GAC MOTOR Guangzhou Automobile 2019-07-25
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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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  Mitsubishi Motors shutdown in Japan

  Affected by the COVID-19 epidemic, Japanese carmaker Mitsubishi Motors was forced to stop production. Mitsubishi Motors said on April 5 that due to the COVID-19 epidemic, the production line of Mitsubishi Motors' main Japanese plant Okazaki (Okazaki City, Aichi Prefecture) would be suspended from April 11 to 15 for a total of five days. Mitsubishi Motors Japan Okazaki Manufacturing Institute factory is located in Okazaki City, Aichi Prefecture, established in 1977, mainly produces Mitsubishi Motors' main SUV model "Olande". As for the reason for the shutdown, Mitsubishi Motors said it was due to the spread of the COVID-19 epidemic and the closure management in Shanghai (the Shanghai factory is a supplier of some Mitsubishi auto parts).

  Mitsubishi Motors 2022-04-07
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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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  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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  Or more than $5 million in compensation, Toyota faces a class action lawsuit.

  Japan's Toyota subsidiary Hino Motor emissions and fuel consumption data fraud scandal is simmering again. On August 12, Hino Motors posted on its official website that because of the damage caused by the falsification of Hino engine data, four American companies will Hino Motors' American subsidiary and Hino Motor parent company Toyota Motor.

  Hino Automotive Toyota Japan engine data production Survey exhaust USA truck vehicle problem Enterprise engine 2022-08-16
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  Japanese car company veteran and former chairman of Mitsubishi Motors Yoshiko died of illness

  Osamu Masuko, the former chairman of Mitsubishi Motors, has died of heart failure at the age of 71, Kyodo news agency reported. Earlier, Yoshiko stepped down as chairman and director on Aug. 7 for health reasons, and Taoka Kato, the company's chief executive, temporarily replaced Yoshiko as chairman. As one of the oldest and longest-serving executives in the history of the Japanese auto industry, Yoshiko graduated from Waseda University, joined Mitsubishi in 1972 and became executive director and automotive minister of the company in 2003. In 2004, Mitsubishi Motors.

  Mitsubishi Motors 2020-08-31
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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
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  Total shutdown! Hino fraud affected 5000 suppliers

  Hino Motor, a subsidiary of Japan's Toyota Motor Group, will completely stop production of related models for Japan's domestic market for as long as next summer because of a scandal over engine test data violations, according to Japanese media and CCTV financial reports. In this regard, the relevant head of the public relations department of Hino Automobile said: "specific

  Cars Hino Japan Toyota data engine production truck Market engine behavior impact Survey Transportation Enterprise 2022-09-10
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  With a government subsidy of 470 million yuan, Jiangling Motor's profit increased by 61% in 2019.

  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.

  Jiangling Motor Ford Motor 2020-03-26
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  Profits of giants with five major car brands plummeted 90%

  Last night, Great Wall Motor released the first quarter of 2023 results report, revenue and profit showed negative growth, astonishing! According to the financial report, Great Wall Motor achieved revenue of 29.039 billion yuan in the first quarter, down 13.63% from the same period last year; its net profit was 174 million yuan, down 89.34% from the same period last year; deducting non-net loss

  Great Wall cars sales brands Harvard products markets new energy Euler goals tanks technology decline Biya growth 2023-04-22
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  The sales of the whole department are declining! Great Wall Motor heavyweight official Xuanxin Public Relations General Manager takes office

  On the evening of Feb. 7, Great Wall Automobile released KuaiBao for production and sale in January 2023. Data show that Great Wall car sales fell 44.96 per cent year-on-year to 61500 in January. According to the breakdown of major brands, the five major brands of Great Wall have all declined to varying degrees, of which Wei Brand and Euler have all halved.

  Harvard Brand Automobile Great Wall sales Model Tank Euler under data decline Product New Vice President Price 2023-02-08
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  The secret replacement of domestic motors by extreme krypton 001 caused outrage! The official response of polar krypton

  Out of the frying pan into the fire! Extreme krypton 001 standard configuration has become a paid option, the price increase of new cars is not completely over, polar krypton 001 has been exposed a new problem. Recently, many car owners reflected on the polar krypton APP that polar krypton secretly changed the maximum peak torque in the vehicle parameters from 384N m and 768N m to 343N m and 686N m respectively, and the motor supplier changed from Japanese electric products to Japanese electric products and Weirui motors. Prior to this, polar krypton 001 showed in the declaration information of the Ministry of Industry and Information Technology that the supply motor company was Japan Electric Motor (Zhejiang) Co., Ltd., however, in 7.

  Polar krypton 001 2021-07-18
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  Under the continued leadership of the Japanese, Yoshiko became chairman of Mitsubishi Motors

  The position of chairman of Mitsubishi Motors has been up in the air since the arrest of Carlos Ghosn. Osamu Masuko, chief executive of Mitsubishi Motors, officially stepped down at the general meeting of Mitsubishi Motors on June 21, replacing Carlos Ghosn as chairman of Mitsubishi Motors, and Masako continued to serve as chairman of Mitsubishi's board of directors, Bloomberg reported. Takao Kato, president of Indonesia, will take over as chief executive of Mitsubishi Motors. Yoshiko joined the vehicle department of Mitsubishi Commercial Co., Ltd. in April 1972 and is now chairman of Mitsubishi Motors.

  2019-06-22