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  The merger of the two major automobile groups, PSA and FCA, has been smooth and will be officially merged early next year.

  The planned merger of PSA (Peugeot Citroen) and FCA (Fiat Chrysler) will proceed as scheduled, and the merger will be completed in the first quarter of 2021 at the latest. Affected by the epidemic and other factors, the merger of PSA Group and FCA Automobile Group has been questioned by the outside world. In response to this, Tang Weishi, CEO of PSA Group, said at the annual shareholders' meeting on June 25 that the pandemic phase was not the time to re-examine the deal with FCA Automobile Group, and warned all parties not to attempt to undermine the merger plan of PSA Group and FCA Automobile Group. Tang Weishi also stressed that he is very trustworthy.

  Peugeot Citroen FCA Group 2020-06-27
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  The huge group will face the risk of delisting and bankruptcy because it has applied for restructuring due to 17 million arrears.

  With the car market in the doldrums and poor management, the former giant group of car dealers in China has driven itself to a corner because of a debt of 17 million yuan. On the evening of September 5, the giant group issued two announcements in succession, which showed that the court had decided to accept the application for restructuring of the giant group and would implement the delisting risk warning. Giant Group shares will be delisted risk warning on September 9, the short name of the stock will be changed to "* ST huge", and the daily rise or fall of stock prices will be limited to 5%. Giant Group shares will be suspended for one day on September 6 and resume trading on September 9. The large group also reminded investors in the announcement that if the company is restructured.

  Beijing huge group 2019-09-07
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  The latest situation has been revealed! PSA/FCA is not a merger, the real purpose is anti-takeover.

  With the gradual shrinkage of the automobile market in recent years and the increasingly fierce competition, many automobile companies began to seek strategic cooperation of "huddling". For example, PSA Collective and FCA Group announced as early as last year that they would merge. However, there is news recently that the two companies are not merged, but acquired by the acquirer PSA Group.

  PSA 2020-11-27
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  Major adjustment! BMW appoints new chief financial officer

  On March 9, the day BMW Group announced its financial summary indicators for the year 2022, the group's financial management structure also ushered in a new personnel change. BMW Group announced that its chief financial officer, Nicolas Peter, is stepping down, 49-year-old Walter Mert.

  BMW Group BMW Group Finance Wall Myrtle Walter Peter Doctor Company sales Electric Control Management aspects 2023-03-12
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  Giant Group Chairman Pang Qinghua applies for resignation and assets restructuring will be carried out within the group.

  On the evening of June 20, p.p1 p.p2 p.p3 p.p4 p.p5 p.p6 span.s1 span.s2 span.s3, Giant Automobile Trade Group Co., Ltd. announced that the board of directors of Giant Group received the resignation of Mr. Pang Qinghua, chairman of the board's strategy committee and general manager, on June 20, 2019. Mr. Pang Qinghua resigned as Chairman, Chairman and General Manager of the Strategy Committee of the Board of Directors for personal reasons. According to the articles of association, Mr. Wang Yusheng was elected to perform the post of chairman. For Pang Qinghua's resignation meeting.

  Huge chairman of the group 2019-06-21
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  Will this established car company stop production in China altogether? make no comment

  Carmaker Stellantis may stop producing cars in China altogether. Carlos Tavares, CEO of Stellantis Group, said at the Paris Motor Show on October 17th that Stellantis Group was considering a location in China.

  Automobile Group China sales Peugeot Citroen Market Model Fick its Citroen Brand Dongfeng production Company 2022-10-18
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  Once again, the official declares the doubt! PSA and FCA merge and name STELLANTIS

  Since last year, there has been news of a merger between PSA and FCA until the end of the year when the two sides signed a joint agreement to achieve a full merger of the two companies with a share ratio of 50:50. However, affected by the epidemic and other factors, the merger of PSA Group and FCA Automobile Group has been questioned by the outside world. In order to break the deadlock, new news came out between the two sides a few days ago.

  PSA and FCA 2020-07-16
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  The reorganization plan of the huge group has been finalized, and Pang Qinghua and other related natural persons will "withdraw from the group".

  After three months, the restructuring plan of the huge group has finally been finalized! On December 11, Giant Group announced that the Intermediate people's Court of Tangshan City, Hebei Province approved the "reorganization Plan of Giant Automobile Trade Group Co., Ltd." and terminated the reorganization process of Giant Automobile Trade Group Co., Ltd., and officially entered the stage of reorganization implementation. According to a 38-page restructuring plan, the total book assets of the giant group are 30.2 billion yuan. According to the market value method, the total evaluation value is 9.766 billion yuan. According to the liquidation value method, the total evaluation value is 5.017 billion yuan. Have applied.

  A large group 2019-12-12
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  Big investment! Volkswagen sets up a new wholly-owned company in China

  At the Shanghai International Auto Show, the German Volkswagen Group announced that it will set up a new company in China, focusing on the R & D, innovation and procurement center of intelligent network-connected electric vehicles, which will be located in Hefei. It is understood that Volkswagen Group plans to invest about 1 billion euros in this new company, and the name of the new company project is "10."

  Volkswagen Automotive China Group Company Volkswagen Group Market Development Global Enterprise Electric Brand Volkswagen Model Joint Venture 2023-04-19
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  suddenly! A German car company suspends its expansion in China

  A spokesman for Opel, a German carmaker owned by Stellantis, confirmed that its expansion plans in the Chinese market had been suspended, the spokesman said. "considering the amount needed to achieve practical results, Opel has temporarily shelved its plans to enter the Chinese market," the Interface News reported, citing the German newspaper Business Daily.

  Opel Group Brands Automotive China Market Germany Company Dongfeng New News Electric shares models 2022-09-17
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  Pang Qinghua transferred the help of the business giant, and the huge reorganization has a bright future.

  * ST has issued an announcement that it has identified the intended investor. The announcement shows that after the reorganization and acceptance, the manager (the liquidation team of Giant Automobile Trade Group Co., Ltd.) combined with the actual situation of the huge group, searched and approached by many parties. Shenzhen Shenshang Holdings Group Co., Ltd. (hereinafter referred to as "Shenzhen Shang Holdings"), Shenzhen Yuanwei Asset Management Co., Ltd. (hereinafter referred to as "Yuanwei assets") and Shenzhen National Transportation Technology Group Co., Ltd. (hereinafter referred to as "National Transport capacity"). The consortium, which will be the intended investor of the huge group, will participate in this restructuring. At the same time, the actual control of the huge group.

  Huge 2019-09-16
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  Car dealers in the past will face the risk of delisting because they cannot afford to pay back more than 10 million.

  A huge group used to be really big. It was once called "the largest car dealer in China" with a market capitalization of more than 60 billion yuan. In 2018, the performance of the giant group fell off a cliff, with a net profit loss of more than 6.1 billion yuan and a non-net profit loss of 6.8 billion yuan. Now, huge and serious, selling assets, defaulting on taxes and employees' wages, and founder shares have been frozen. Even face the risk of delisting. On the evening of September 5, the giant group disclosed two announcements, which showed that the court had decided to accept the application for restructuring of the giant group and would implement the delisting risk warning. Large group shares will be delisted on September 9 risk warning, shares.

  Cars Global bankruptcy Dealers 2019-09-07
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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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  Send a long message to say goodbye! Deiss officially dismissed the class.

  On Aug. 31, the last day Herbert Diess worked at Volkswagen, he posted a long farewell message on the social platform, saying that his seven years at Volkswagen had been the most valuable of his career. Today, Herbert D.

  Volkswagen Group Deiss Volkswagen Group Supervisors Board of Supervisors cars sales Brands Software Global crisis Euro Herb Herbert 2022-09-01
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  FCA announced that the merger would be completed early next year, with a loss of 13 billion yuan in the first quarter.

  After Dongfeng Group formally approved the merger of Peugeot PSA Group and FCA Group, the merger of PSA Group and FCA Group was promoted. FCA issued a statement on May 6th that Fiat Chrysler (FCA) and Peugeot Citroen (PSA) will still merge in early 2021. The merger was first announced in October 2019 that the PSA and FCA groups will fully merge with a 50:50 stake to expand and cope with costly investment in new technologies and slowing market demand. The merger signed in December 2019.

  FCA PSA 2020-05-06
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  The world's giant companies suffered huge losses of nearly 10 billion yuan in 2020, and will still be affected by "lack of core" in the future.

  Affected by the epidemic of COVID-19 in 2020, the global automobile market has been obviously affected. Although the epidemic has been brought under control, many car companies have been in trouble because of the shortage of semiconductors in 2021. Continental Group, a 150-year-old auto parts giant, has also issued a warning.

  Company 2021-03-11
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  PSA and FCA merge, denying forming a new joint venture in China

  After more than a year of ​, the merger between Peugeot-Citroen (PSA) and Fiat Chrysler (FCA) has finally been settled. How to merge the joint ventures of the two companies in China has also become a concern both inside and outside the industry. A few days ago, the new group Stellantis issued a statement denying that it was planning to set up a new joint venture in China.

  PSA and FCA 2021-01-18
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  Heavy! Xu Liuping, chairman of FAW, stepped down.

  On February 23, according to the official WeChat release of the all-China Federation of Trade unions, the CPC Central Committee decided that Xu Liuping, chairman and party committee secretary of China first Automobile Group Co., Ltd., would be transferred to the all-China Federation of Trade unions as secretary of the party group of the all-China Federation of Trade unions. Domestic media previously reported that after Xu Liuping took office, the original job would be temporarily transferred to the middle school.

  China company automobile group red flag director brand sales volume China FAW chairman secretary limited limited party committee weapon 2023-02-25
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  Jeep lost to China, zero run / BYD plans to take over

  On July 18th, Stellantis Group announced: "Stellantis will adopt a light asset approach to develop the Jeep brand in China, and negotiate with GAC GROUP to terminate the local joint venture. After that, Stellantis Group will focus on distributing the Jeep brand in China.

  Group Fick Automotive Fiya Factory Fiat Changsha production China Brand Biya Company sales Market Model 2022-07-22
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  Guan Xuan! Guangzhou Auto Fick may be disintegrated and delisted

  On July 18, Stellantis Group announced that due to the lack of progress in the previously announced plan for Stellantis Group to acquire a majority stake in Guangzhou Auto Fick, a joint venture with GAC GROUP, Stellantis Group will adopt a light asset approach to develop the Jeep brand in China, and

  Group Fiat Brand Fick Automotive Fiat sales models China production domestic Freedom Factory Market Commander 2022-07-18