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The news that Jia Yueting, the founder of FF, voluntarily applied for personal bankruptcy reorganization was confirmed that according to the plan, all FF shares and related income rights held by Jia Yueting were formally transferred to the creditor trust, which will be controlled and managed by the creditor committee and the trust trustee. In addition, the debt handling team told the media that so far, Jia Yueting has repaid more than 3 billion US dollars in debt, and the total outstanding debt is about 3.6 billion US dollars. If you subtract the secured debt that has been frozen for disposal of domestic assets and convertible shares, Jia Yueting's remaining net debt is about 2 billion US dollars. FaradayFuture released on October 14 th.
On February 29, Jia Yueting's debt handling team issued a statement saying that Jia Yueting had formally submitted a list of core terms of bankruptcy reorganization to the Central District Court of California, which was jointly signed by Jia Yueting and the creditors Committee after several rounds of negotiation and agreement. Jia Yueting plans to submit a new version of the disclosure statement based on the list of core terms this week and start the voting process after the court approves the disclosure letter to facilitate the completion of the restructuring as soon as possible, when FF's global financing and development will also be on the fast track. Jia Yueting made huge concessions in consultation with the debt committee, and Jia Yueting will no longer want it, according to the list of core terms of bankruptcy reorganization submitted.
Youth Automobile Group Co., Ltd. (hereinafter referred to as "Youth Automobile"), which attracted attention due to the "water-hydrogen engine", is back in the public eye because one of its subsidiaries went bankrupt. According to China Business Network, the interim manager of Jinhua Youth Automobile Manufacturing Co., Ltd. (hereinafter referred to as "Jinhua Youth Automobile"), a major car manufacturing entity under Youth Automobile, issued the "statement on the Declaration of creditor's Rights in Jinhua Youth Automobile bankruptcy liquidation case", formally announcing that the company has entered the bankruptcy liquidation procedure. According to the declaration of creditor's rights in Jinhua Youth Automobile bankruptcy liquidation case issued by Jinhua Youth Automobile interim Manager, Jinhua Intermediate people's Court made on February 7.
GAC GROUP responded to the online exposure of "the bankruptcy of Guangzhou Auto Fick triggered the collective protection of the rights of 26 dealers". GAC GROUP said that as a state-owned holding enterprise and one of the shareholders of GAC Fick, GAC GROUP will actively support its creditor's rights and debts to be dealt with in accordance with the law.
Recently, some Chinese cities have launched policies to pilot a personal bankruptcy system, while media reported that Jia Yueting recently submitted relevant documents to the US court and volunteered to file for personal bankruptcy reorganization. After applying for personal bankruptcy reorganization, Jia Yueting will transfer all his assets to creditors through a creditor trust, which is controlled and managed by the creditor committee and the trust trustee. It also means that creditors will get all of Jia Yueting's assets and their income rights in advance, and Jia Yueting will no longer hold any stake in Faraday Future Faraday Future, an electric carmaker. At present, the future side of Faraday.
A few days ago, the news that Jia Yueting, founder of FF, voluntarily filed for personal bankruptcy reorganization was confirmed that Jia Yueting had applied to the US court for personal bankruptcy reorganization in accordance with Chapter 11 (chapter 11) of the relevant US law. According to the scheme, all FF shares and related income rights held by Jia Yueting are officially transferred to the creditor trust, which will be controlled and managed by the creditor committee and the trust trustee. This means that since the outbreak of the Letv crisis, FF, which has been regarded as the hope of repayment, no longer belongs to Jia Yueting. In the face of the approaching debt, is Jia Yueting able to evade debt repayment? In this regard, responsible for the agent.
In 2020, Zhongtai Motor, which once sold 330000 vehicles a year, seems to have encountered a lot of trouble. news about "Zhongtai system" shutdown, wage arrears and rights protection, bankruptcy reorganization, bankruptcy liquidation and so on. After Zhongtai, Junma, Hanteng and Hanlong, another "Zhongtai" enterprise was mired in debt crisis and was filed for bankruptcy liquidation by creditors. Recently, * ST Zhongtai issued a notice that recently received a "civil order" issued by Zhejiang Yongkang Court, Zhongtai Automobile Co., Ltd. (hereinafter referred to as "Zhongtai Automobile") second-class wholly-owned subsidiary Zhongtai New Energy Automobile Co., Ltd., by creditors Hangzhou Tiecheng Information Technology Co., Ltd. And Jin.
According to Caijing Automobile, on August 31, the substantive merger and reorganization of 12 enterprises, including brilliance Group, held its second creditors' meeting, at which there were three motions, including property management and price change plans, two proposals for the establishment of a creditor committee, and the core proposal for BMW China to acquire brilliance China Brand. All three bills were passed by the vote of the creditors. According to reports, BMW China will acquire brilliance-related assets and brilliance manufacturing equity, including land use rights, buildings, machinery and equipment and other related assets, as well as brilliance Group's 100% stake in brilliance Automobile Manufacturing Co., Ltd.
On July 4th, a "bankruptcy review" message brought the long-silent Singularity back into the public eye. "Automotive Industry concern" from the heavenly eye, Anhui Singularity Intelligent New Energy Automobile Co., Ltd. added a "bankruptcy review" information, the case number is (2023) Wan 07 Breaking Shen 3, the type of case is "
Following the identification of Shenyang Automobile Co., Ltd. (hereinafter referred to as "Shenyang Automobile") as a potential investor in restructuring, brilliance Automobile Group Holdings Co., Ltd. has made new progress in its restructuring process for nearly three years. On June 17, Jinbei Automobile and Shenhua Holdings issued announcements one after another to disclose the restructuring progress of brilliance Group, the controlling shareholder. Golden cup steam
The giant group was founded on March 3, 2003. in 2010, the company was the largest car dealer in China. According to data, it has 1035 outlets in Mongolia, including 834 specialty stores, 134 car supermarkets and 69 shopping malls. However, the country's largest car dealer has now filed for bankruptcy and restructuring because it cannot afford to repay 17 million yuan of debt, with a shrinking market capitalization, a volatile company and huge profit losses. In May this year, the huge group borrowed 17 million yuan from Beijing Jidongfeng, which was finally appealed by Beijing Jidongfeng because it was unable to repay it within the time limit.
On April 4, Shenzhen Yintong Qianhai Financial assets Trading Center issued two investment promotion notices related to Baoneng's creditor's rights on its official website, concerning that many of Baoneng's assets will be disposed of. They are Baoneng real estate entrusted loan claims and Baoneng auto trust loan claims, including several mortgages such as Shenzhen Longgang Baoneng Science and Technology Park.
Jia Yueting's debt handling group posted on Weibo that Jia Yueting's creditors' meeting was officially held at FF's US headquarters. 35 creditors from 20 creditor institutions, as well as lawyers, attended the debt meeting to discuss with Jia Yueting the personal bankruptcy restructuring and the future development of FF. Jia Yueting said that the success of debt restructuring determines the life and death of FF, but also determines the interests of creditors, and hopes to vote on the adjusted restructuring plan in mid-late December to push forward the passage of the plan as soon as possible. At the meeting, Jia Yueting apologized to all creditors, saying he was confident of reaching a debt restructuring plan with creditors.
The manager of the giant group has officially started the declaration, registration and review of creditor's rights. as of October 18, 2019, the first creditor meeting will be held in the national enterprise bankruptcy reorganization button information network in the form of a network meeting on October 25, 2019. According to the previous announcement issued by the huge group, Shenzhen Shenshang holding Group Co., Ltd., Shenzhen Yuanwei Asset Management Co., Ltd. and Shenzhen National Transport Technology Group Co., Ltd. formed a consortium to increase the holding of shares in the huge group within 90 days from the date of the announcement, the amount of increase is between 300 million yuan and 400 million yuan, but the number of shares is not higher than that of the company.
According to a number of media reports, brilliance may reject the acquisition of BMW because the 1.633 billion yuan purchase price offered by BMW is too low. According to brilliance insiders, "the acquisition of the Chinese factory by BMW has been stopped, and the relevant BMW staff in the Chinese workshop have been withdrawn." According to the above-mentioned person, the relevant leaders of FAW are meeting with the executives of brilliance Group recently, and the group thinks that the price for BMW's 1.633 billion yuan purchase of the China Automobile plant is too cheap, so it does not agree. In response to the above news, BMW Chinese officials said: "the project continues to receive support from all parties, and we are currently in progress as planned."
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In 2019, the entire automobile industry is very impetuous, new car sales continue to decline, some car companies have been marginalized, upstream and downstream supplier industry chain has been affected, even 4S stores are complaining that they are not making money. In such an environment, the huge Auto Trade Group, one of the top ten dealer groups in China in the past, fell into the current situation of bankruptcy restructuring and debt crisis, of which the debt may be as high as 24.7 billion yuan. The giant group announced that the Intermediate people's Court of Tangshan City, Hebei Province had ruled to accept the creditor Beijing Jidongfeng Automobile sales and Service Co., Ltd. for the restructuring of the giant group, and designated the liquidation group of Giant Automobile Trade Group Co., Ltd. as Pang.
Recently, Jinbei Automobile issued a notice saying that the company Atomic Company and the guaranteed party, Shenyang Jinbei vehicle Manufacturing Co., Ltd., were ruled bankruptcy and reorganization by the Shenyang Intermediate people's Court on December 30, 2022. The company will be compensated as its ordinary creditor, and the company has begun to prepare to declare its claims and expected debts to Jinbei vehicles.
Jia Yueting, founder and former CEO of Faraday FF, has filed for divorce after it was revealed that he had gone bankrupt and was compensated by his wife Gan Wei for a "sky-high price" of nearly 571 million US dollars (3.983 billion yuan).
"Automotive Industry concern" learned from the Heavenly Eye that on June 14, Baiteng Automobile affiliate Nanjing Zhixing New Energy Automobile Technology Development Co., Ltd. (hereinafter referred to as "Zhixing New Energy vehicle") added a piece of "bankruptcy reorganization" information. The case number is (2023) Su 0113 break 48, and the case type is "bankruptcy case".
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
Does the salary delay store stop? Another car company exposed to business crisis
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214 million! FF life-saving money is in place
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