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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.
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.
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.
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.
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.
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.
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.
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.
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."
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.
* 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.
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.
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).
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.
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.
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.
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.
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.
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.
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
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
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