On July 4, Weimar, a new force in car building, responded to the fact that founder Shen Hui had been restricted from high consumption. Weima Automobile said on its official Weibo: "recently, the media reported that Mr. Shen Hui, a legal person of Weima Automotive Technology Group Co., Ltd., has been restricted from high consumption." It has been verified that the height restriction order has been lifted. "
According to the China Executive Information publicity Network, due to its ability to perform, Weima Automotive Technology Group Co., Ltd. was listed as a breach of trust by the Shanghai Qingpu District people's Court, and the applicant was Peng. The case was filed on April 7, 2023, and the enforcement court was the Shanghai Qingpu District people's Court. The Shanghai Qingpu District people's Court pointed out that because Weima Motor failed to fulfill the payment obligations specified in the effective legal documents within the period specified in the enforcement notice, the court adopted measures to restrict consumption against Weima Automobile. Weima Automobile and Shen Hui, the company's legal representative, are not allowed to carry out high consumption and consumption behaviors that are not necessary for life and work.
It should be noted that prior to this, Weima Automobile has appeared a number of information about the person being executed, with a cumulative amount of more than 11 million yuan. According to Tianyan survey information, Weima Automotive Technology Group Co., Ltd. is Weima Automobile entity Co., Ltd., headquartered in Qingpu District, Shanghai, established in May 2012, with a registered capital of 6 billion yuan. As of the press time, Weima Automotive Technology Group Co., Ltd. held a court notice of 217 articles, of which 24 were held from July 1, 2023 to August 28, 2023; 4 cases were executed, with a total amount of 11.098 million yuan.
Since the beginning of 2023, Weimar has been living a rough life and there has been frequent bad news, including suspension of pay for all employees, factory shutdowns, store closures, arrears of rent and property fees in the headquarters building, after-sales stagnation, and even the inability to access Mini Program for car purchases. In fact, as early as the end of last year, Weimar was reported to have a pay cut, including a 50% pay cut for management and a 30% pay cut for the rest of its employees, which Weimar hopes to reduce operating costs. In February this year, Weimar Motor was again exposed that employees were in arrears of wages and that the whereabouts of social security funds were unknown. At that time, employees still pulled banners at the factory gate to safeguard their rights, which triggered the labor inspection department to intervene in the investigation. In addition, Weima Automobile production and sales and other links have also been shut down. On March 7, Weima Automobile announced to the outside world: "We are making every effort to resume work and production. In the near future, more than 100 dealers and stores across the country will gradually resume normal services to solve all kinds of car purchase and use problems for users."
But a few days ago, Weimar was again reported to have no pay. Weimar suspended its salary again in June after narrowing the range of wages, according to the Securities Daily. At present, only the director of the company and above middle and high-level pay, others suspend the payment of wages.
Reviewing the development process of Weima Automobile, in fact, compared with the current mainstream "Wei Xiaoli", it can be said that it has strong teachers, and it was once as famous as "Wei Xiaoli". However, now Weima Automobile, which is "living like an animal", has obviously entered a state of life and death. The industry believes that Weimar's tight capital chain is behind a series of negative news. As of March 31, 2022, Weima's remaining cash and cash equivalents were 3.678 billion yuan.
"everything is for the better!" Shen Hui said on his personal Weibo on May 4. However, for now, Weimar is still not out of the crisis. However, despite its predicament, Weimar continues to release good news. In this statement, Weima Motor also said: "at present, governments at all levels continue to pay close attention to the relief and development of Weima Motor. Weima Automobile is under the leadership of Mr. Shen Hui to carry out customer service and pay off debts in an orderly manner in accordance with the law." and is actively promoting the new energy vehicle sea plan, is expected to resume production and resume normal operation in the near future. "
Since entering 2023, the knockout stage of automobile enterprises has become more and more intense, especially the new forces of car manufacturing are facing a severe situation of "survival of the fittest", including car companies such as Aichi Automobile, Skyline Automobile and Baiteng Automobile, which all face crises to varying degrees. Some people in the industry even said bluntly that only a small number of car companies in China's automobile market can survive in the future. As for Weimar, in addition to financial constraints, its products are not competitive in the car market and face a number of lawsuits are also urgent problems to be solved.
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