The CSRC takes relevant measures against Brilliance Auto Group and relevant intermediaries.

1, the CSRC takes relevant measures against brilliance auto group and relevant intermediaries.

Recently, Brilliance Automobile Group Holding Co., Ltd. (hereinafter referred to as Brilliance Group) defaulted on its bonds, which attracted market attention. The CSRC conducted a special inspection on it according to law. According to the inspection, an administrative supervision measure was taken to issue a warning letter to Brilliance Group today, and it was decided to initiate an investigation on its alleged information disclosure violations, conduct synchronous verification on the intermediaries involved in the bonds of Brilliance Group, and seriously investigate and deal with relevant violations.

The CSRC attaches great importance to the protection of investors' legitimate rights and interests, fully implements the "zero tolerance" requirement of the the State Council Financial Committee, severely cracks down on all kinds of illegal acts in accordance with the law, and maintains a good order in the bond market. At the same time, it will continue to maintain and give play to the normal function of the bond market, and support all types of enterprises to develop legally and legally through the bond market. In the next step, the CSRC will do a good job in supervision according to law, firmly hold the bottom line of no systemic risk, deepen reform, improve the system, implement responsibilities, and strictly supervise to promote the stable and healthy development of the bond market. (Source: China Securities Regulatory Commission)

2. BMW Brilliance's continuous blood transfusion is of no help? The bankruptcy reorganization of Brilliance Group finally landed.

Sina financial news? 165438+1On October 20th, Shenyang Intermediate People's Court ruled to accept the application for creditor reorganization of Brilliance Automobile Group Holding Co., Ltd. (hereinafter referred to as "Brilliance Group"), which marked that Brilliance Group officially entered the bankruptcy reorganization procedure.

Earlier, Brilliance Auto Group once said that due to the company's tight funds, 6.5 billion yuan of debt has constituted a breach of contract, and 65.438+0.44 billion yuan of interest is overdue. This year 10, Brilliance Group issued 654.38 billion yuan of private debt, which only paid interest at maturity, but did not pay the principal.

1 13 10 13, brilliance auto group holding co., ltd. was applied for bankruptcy and reorganization by creditors, and the applicant was gezhi auto technology co., ltd.

Brilliance Auto Group Holding Co., Ltd. is a key state-owned enterprise under the State-owned Assets Supervision and Administration Commission of Liaoning Province. Headquartered in Shenyang, it owns two A-share listed companies Shenhua Holdings and Jinbei Automobile, as well as two Hong Kong-listed companies Brilliance China and Chen Xin Electric Power. Among them, Brilliance China is the most important asset of Brilliance Group.

According to the data, from 20 15 to 20 19, the net profit of Brilliance China was 3.495 billion yuan, 3.682 billion yuan, 4.376 billion yuan, 5.82/kloc-0 billion yuan and 6.763 billion yuan respectively, showing an increasing trend year by year, which was the main source of the group's profits.

BMW Brilliance is almost the only cash cow in China Brilliance.

In the first half of the year, under the influence of the epidemic, BMW Brilliance still contributed a net profit of about 4.4 billion yuan to Brilliance China. Excluding this profit, Brilliance China lost 340 million yuan. In 20 19, BMW Brilliance contributed a net profit of 7.6 billion yuan to Brilliance China. Excluding this profit, Brilliance China lost about 10 billion yuan.

In fact, Brilliance China's independent business has been losing money in recent years, with losses of 540 million yuan, 600 million yuan, 860 million yuan, 420 million yuan and 65.438+64 billion yuan respectively from 206.5438+09.

Despite the cash cow BMW Brilliance, the profit of Brilliance China has been rising year after year, but the income scale of Brilliance China has been declining since it reached its peak in 20 17.

In 20 18 and 20 19, the revenue of Brilliance China was 4.51900 million yuan and 4.027 billion yuan, which were-16.56% and-10.30% respectively. Affected by the epidemic this year, the revenue in the first half of this year dropped to 65.438+0.492 billion yuan, down 25.438+0% year-on-year.

In addition to the blood transfusion of Brilliance China, Brilliance Group also frequently reduced its shareholding in Brilliance China.

In June this year, Brilliance Group sold 200 million shares of Brilliance China in the secondary market, and reduced its holdings by 400 million shares again in August, with a total amount of about HK$ 4.2 billion. At the same time, Brilliance also reached an agreement with BMW to transfer 25% of the shares of BMW Brilliance to BMW Group for 3.6 billion euros.

After the news of bankruptcy and reorganization of Brilliance Group landed, the share price of Brilliance China rose by more than 10%. After losing the burden of Brilliance Group, the market seems to be expecting whether Brilliance China can "go into battle lightly". (Source: Sina Finance)

3. Investment in General Electric and Autopilot increased by 35%? 40% of new cars in China will be electric cars.

On October 20th, General Motors announced that it would go all out to accelerate the electrification strategy, aiming to challenge Tesla and take the lead in the global electric vehicle field.

MaryBarra, CEO of General Motors, said at the global climate conference held by Barclays Bank that by 2023, GM plans to increase its spending on electric vehicles and self-driving cars by 35% to reach $27 billion. In addition, GM plans to gradually introduce various types of electric vehicles, with prices ranging from less than 30,000 yuan to more than 654.38 million yuan, with the aim of making electric vehicles affordable for everyone.

GM also confirmed that it will accelerate the launch of new electric vehicles, and by 2025, it will launch 30 electric vehicles around the world (GM's previous goal was to launch 20 electric vehicles by 2023), covering all global brands including Cadillac, GMC, Buick and Chevrolet to meet different consumer needs and usage scenarios. Among them, among the new models launched by GM in China, new energy vehicles will account for more than 40%. Bora revealed that by 2025, GM hopes to surpass the previous target of selling 654.38 million+0.0000 electric vehicles annually in the United States and China.

GM will also increase the capacity of its battery joint venture factory with South Korea's LG Chem in northern Ohio, and will increase the number of factories producing electric vehicles. Bora believes that by selling electric vehicles, the company's sales in the coastal areas of the United States can increase by 280,000 vehicles per year. Bora said, "We want to be the leader in the electric vehicle market in North America."

Earlier, some investors put pressure on Bora to separate its electric vehicle business from its profitable traditional internal combustion engine business. When asked if he planned to divest the battery business, Bora said, "We don't think it is necessary to divest." On the contrary, Bora emphasized the advantages of integrating internal combustion engine and electric vehicle business, pointing out that electric vehicles can enjoy 70% parts used by traditional internal combustion engine vehicles.

GM's Warren Technology Center in Michigan, USA, has a chemical and materials system laboratory and a battery trial production line, and will build a new battery innovation laboratory and manufacturing technology center next year to support the development of the next generation of Ultium batteries (Source: GM).

At the meeting, GM also focused on promoting its Ultium battery technology, which can travel 450 miles on a single charge, higher than the previous estimate of 400 miles. Thanks to the flexibility of Ultium battery and electric drive technology platform and the mature application of virtual development tools, GM will complete the development of 12 global electric vehicles ahead of schedule. Among them, GMC? The research and development cycle of Hummer pure electric pickup truck was shortened from 50 months to 26 months, and it was put into production at the end of 2002/kloc-0. Cadillac's first electric car LYRIQ luxury pure electric SUV will be launched in the first quarter of 2022, nine months ahead of schedule.

Doug, head of global product development at GM? Park said that the second generation Ultium battery will be launched around 2025, which will greatly narrow the cost gap with gasoline engines. Gm also revealed that it is creating an alliance organization called Ultifi for its electric vehicle and digital marketing business.

GM's ambition to become a leading electric vehicle manufacturer puts it on the opposite side of Tesla and audi ag. Last week, Volkswagen Group just announced an investment plan for electric vehicles worth $86 billion, and it is expected that GM and Volkswagen will start tit-for-tat competition.

After Bora announced GM's electric vehicle strategy, the company's share price rose. However, on the same day, Tesla's share price also rose by 3%, and its market value reached 475 billion US dollars, almost eight times that of General Motors. Tesla's soaring market value and increasing pressure from regulators to ban the sale of fuel vehicles have put pressure on traditional automakers to speed up the production of electric vehicles, although the profit prospects of electric vehicles are not as good as trucks and SUVs. (Source: Geshi Automobile? Zhan yazhen)

4. American regulators solicit public opinions on the safety standards of self-driving cars.

According to foreign media reports, on June 165438+ 10/9, the American automobile safety regulatory agency said that it was starting a formal regulatory process and might eventually pass a new safety standard for self-driving cars.

Autopilot (Source: Tesla)

The National Highway Traffic Safety Administration (NHTSA) said that it is issuing advance notices and formulating proposed rules to solicit public opinions on how to ensure the safety of self-driving cars in the future. Companies such as General Motors, Waymo of Alphabet and Tesla are currently developing self-driving cars.

US Secretary of Transportation Zhao Xiaolan? Chao) said: "The designation of this rule will help to solve the public's reasonable concerns about safety and privacy, and it will not hinder the innovation of autonomous driving system development."

NHTSA said that this procedure may lead the agency to issue new guidance documents, identify best industry practices, and provide information or formal regulations to consumers, including requiring reporting and disclosure of new legally binding safety standards on autonomous driving systems. The final regulations may not be established until several years later.

The agency said that they will focus on the key functions of the autonomous driving system, including how to use sensors, detect other road users, plan routes, how to respond appropriately to road users, and make corresponding driving decisions.

In June165438+1October 19, NHTSA said that it would solicit opinions to formulate a "framework that meets motor vehicle safety requirements and evaluate whether the manufacturer's efforts to ensure safety are successful". NHTSA said that the agency "has no intention to formulate regulations that unnecessarily prevent the deployment of any vehicle equipped with (autonomous driving system)", and added: "thoughtless standards may not meet the needs of motor vehicle safety and unnecessarily stifle innovation. "

At present, there are no regulations that can limit the performance of the automatic driving system, which allows drivers to leave their hands off the steering wheel within a certain period of time, but if NHTSA thinks that the vehicle may contain unreasonable safety risks, they can ask the car company to initiate a recall.

At present, the NHTSA special accident department is investigating more than a dozen Tesla car accidents, which are suspected of using autopilot or other advanced driver assistance systems when they occur. (Source: Geshi Automobile? Nebula)

The German governor asked Volkswagen to produce electric cars in Wolfsburg.

According to foreign media reports, German Chancellor of Lower Saxony Stephen? Weil said that audi ag must distribute the production of pure electric vehicles to the company's factory in Wolfsburg.

ID.3 (Source: Volkswagen)

Prior to Weir's request, Volkswagen announced its latest five-year investment plan, which does not include the production of electric vehicles in Wolfsburg. Weil called on HerbertDiess, CEO of Volkswagen Group, to propose a plan to produce pure electric vehicles in Wolfsburg, and the Volkswagen Supervisory Board may consider this matter next year.

Weil is a member of the Volkswagen Supervisory Board representing Lower Saxony, which holds 20% of the voting shares of Volkswagen. Weil said: "The future of Wolfsburg employees must be guaranteed."

Volkswagen Group will invest heavily in its factories in Zwickau and Emden, and its Emden factory will receive an investment of about 6,543.8 billion euros to produce pure electric vehicles. In 2022, Emden factory will start producing compact crossover vehicles with ID.4, and medium-sized electric vehicles and station wagons will be produced in 2023. The internal code name of this plan is "Aero", which will be based on ID. Vizzion and Space? Vizzion concept car.

However, the local factory in Wolfsburg is the last factory in the Volkswagen brand that has not been assigned to produce a new generation of electric vehicles.

In Volkswagen's latest investment decision, the Wolfsburg plant lost to the Hanover plant in Lower Saxony, which will receive the most financial support in the next five years.

The Wolfsburg plant will receive an investment of more than 3 billion euros (about 3.55 billion US dollars) for production, management and technology research and development. In contrast, Hanover will receive an investment of nearly 4.5 billion euros. Hanover is the oldest German factory of Volkswagen after Wolfsburg.

In recent months, the fate of the Wolfsburg factory has been affected by the decrease in demand for golf, which is the best-selling model of Volkswagen brand in Europe. Market research organization JATO? According to the data released by Dynamics, the sales of golf dropped by 35% to 220,445 in the first nine months of this year.

Previously, Volkswagen had stopped producing electric golf at the Wolfsburg factory. At present, Volkswagen's factory in Dreden is producing a small amount of electric golf, but with the introduction of its ID.3 compact electric car, the output of electric golf is gradually decreasing.

Volkswagen's labor leaders also asked the company to invest heavily in the Wolfsburg factory to produce electric vehicles. 700,000 vehicles dropped to about 500,000 vehicles. He predicted that as consumers' interest gradually shifted from hatchbacks such as golf to SUVs and ID.3 electric cars, the output of the factory would still be only 500,000 in 2025.

This is in sharp contrast with the goal of 6.5438+0 million vehicles/year set by Volkswagen management for Wolfsburg. In September this year, Osterloh told the media: "We hope to start producing the next generation of electric vehicles equipped with the latest software from 2025." ? (Source: Geshi Automobile? Nebula)

6. Does the production of electric vehicles cause panic? Kia Korean workers will go on strike for three days

Gaishi Automobile 165438+ 10/9, Kia Trade Union said that due to concerns about the salary and employment security problems caused by the company's electric vehicle production plan, trade union workers will launch a partial strike on June 5438+065438+1October 24.

(Source: Kia)

A trade union official said that Kia's trade union will go on strike during some working hours every day from June 24 to 27, 165438+, adding that Kia's plan to produce electric vehicles is one of the thorny issues in its annual salary negotiations.

Trade union officials said that Kia's trade union demanded higher wages and performance pay for workers, but it has not been accepted by the company. A KIA trade union member said: "The number of workers required to produce electric vehicles is about 30% less than that of internal combustion engines. Electric vehicles need fewer parts, thus reducing the number of employees. If the transition to electric vehicles is inevitable, we will also ask Kia's board of directors to build an electric vehicle module production line in our factory to ensure the long-term employment of workers. "

Kia hopes to freeze the wages of workers, but proposes that bonuses and other benefits will be provided if the union does not strike. The company has made plans to produce electric cars comparable to K7 cars in Huacheng factory in July next year.

In September this year, Kia said that it planned to launch 1 1 electric vehicles by 2025. By 2029, the global sales of electric vehicles will account for 25% of its total sales.

Global automakers are expanding the production of electric vehicles to meet stricter air pollution regulations, and will face high fines if they do not reduce carbon emissions. This year, the epidemic hit the automobile industry hard, and the industry was depressed, but Hyundai Motor Union avoided any strike. (Source: Geshi Automobile? Gu Jiaojiao)

7. Tesla's share price climbed again? The market value is nearly 500 billion dollars.

According to foreign media reports, on June 165438+ 10/9, Tesla's share price reached a new high, with a market value close to 500 billion US dollars. In 65438+February, Tesla will officially join the Standard & Poor's 500 Index, and it will increasingly dominate the IT field.

Models? S (source: Tesla)

165438+1October16th, the S&P Dow Jones index announced that Tesla would be included in the Standard & Poor's 500 on 65438+February 2 1 day. The company's share price rose by 2.6% that day and has risen by more than 20% so far. This will force investment funds tracking the S&P 500 index to buy about $50 billion of Tesla shares so that their portfolios can correctly reflect the index.

The epidemic crisis has accelerated the trends of cloud computing and online shopping, helping large American companies such as Apple, Microsoft, Amazon and Facebook to expand their industry leading edge and enhance their stock prices and influence in the stock index. Howard, Standard & Poor's Dow Jones index analyst? Silver Blatter said: "The rapid economic changes have accelerated the concentration of resources to leading companies. These companies have developed better and are larger, so the gap between the rich and the poor is more obvious."

Since the beginning of this year, Tesla's share price has risen by about 500%, making it the most valuable automobile company in the world, but its output is only a small part of competitors such as Toyota, Volkswagen and General Motors. Globalt to buy Tesla shares? Tom, Senior Portfolio Manager of Investment Department? Martin said: "Tesla symbolizes a company that has greatly changed (the world) because of technology."

According to Luft's data, Tesla's current market value is 470 billion US dollars, and it will be the seventh largest company in the Standard & Poor's 500, in the American insurance company Berkshire? After Hathaway, in the technical service company Visa? Before the company.

This week, Tesla's call option trading volume is also rising. Christopher, co-director of derivatives strategy of Susquehanna Financial Group? Murphy said that when the 1 1 month option expires, the shopping spree and subsequent hedging may further push up Tesla's share price.

According to financial technology and analysis company S3? According to Partners' data, traders who were skeptical about its share price rise made Tesla the most shorted stock on Wall Street, but it lost a total of $4 billion in these four days. (Source: Geshi Automobile? Gu Jiaojiao)

8. Tesla Berlin factory will employ 7,000 employees in June+10 next year.

According to foreign media reports, from 202 1 to 1, Tesla Berlin will create 7,000 jobs to prepare for the production of the first batch of cars.

Tesla Berlin factory renderings (Source: Tesla)

At present, the Tesla Berlin factory is under smooth construction and the main building is about to be completed. It's time for Tesla to start recruiting employees for the factory and prepare for mass production of electric vehicles in Europe.

Tesla may launch a series of recruitment waves for the Berlin factory. The company plans to recruit 7,000 employees for the first time before the Berlin plant goes into production next summer. According to the Frankfurt Employment Agency (Frankfurt? Employment? Agency) said that the recruitment will start from 65438+February 2020, with a starting salary of 2,700 euros (about 3,200 US dollars).

In addition, although most employment opportunities are related to manufacturing or production, Tesla is planning to hire a team of 25 professional engineers to solve some of the most difficult and challenging production problems faced by the Berlin factory.

According to the agency, Tesla has recruited 200 people to work in the warehouse of the Berlin factory. Other positions that have been filled are Tesla CEO Elon Musk? Musk has said that he wants to recruit engineers himself. (Source: Geshi Automobile? Gu Jiaojiao)

9. Ford Motor (China) Co., Ltd. recalled some imported Mustang cars.

A few days ago, Ford Motor (China) Co., Ltd. filed a recall plan with the State Administration of Market Supervision according to the requirements of the Regulations on the Management of Defective Automobile Product Recall and the Measures for the Implementation of the Regulations on the Management of Defective Automobile Product Recall. It is decided to recall 2,020 Mustang cars imported from March 4, 2020 to August 3, 2020 from February 4, 2020, totaling 2,627 cars.

The brake pedal of vehicles within the scope of this recall was changed from nylon to polypropylene, because the design margin in the engineering specification and design verification procedure was insufficient, which led to the decrease of the peak braking load strength of the brake pedal bracket. During emergency braking, the brake pedal bracket may break at the pivot position of the pedal, resulting in the loss of braking performance of the vehicle, increasing the risk of collision, which has potential safety hazards. ?

Ford Motor (China) Co., Ltd. will replace the improved brake pedal bracket assembly for vehicles within the recall range free of charge to eliminate potential safety hazards. ?

Emergency measures: Before recalling for maintenance, users should drive the vehicle carefully to avoid emergency braking. If you find that the brake pedal is loose, abnormal sound or abnormal braking, please contact the dealer in time to check the vehicle. ?

Ford Motor (China) Co., Ltd. will notify users by registered mail. Ford brand authorized dealers will also take the initiative to contact relevant users and arrange free maintenance. Users can call the hotline of Ford Customer Center of Ford Motor (China) Co., Ltd.: 400-690- 1886 for information about this recall. In addition, you can also visit the websites in dpac.samr.gov.cn and www.recall.org.cn and follow the official WeChat account to learn more information and reflect the defect clues. (Source: AQSIQ website)

10. Hunan Hengshan Automobile Manufacturing Co., Ltd. recalled some 6-meter series buses.

A few days ago, Hunan Hengshan Automobile Manufacturing Co., Ltd. filed a recall plan with the State Administration of Market Supervision according to the requirements of the Regulations on the Management of Defective Automobile Product Recall and the Measures for the Implementation of the Regulations on the Management of Defective Automobile Product Recall. Decided to recall Hengshan brand produced from August 20th, 20 13 to February, 2065 438+04? HSZ660 1B？ B bus, * * * meter? 405? Cars.

During the installation of vehicle seats within the scope of this recall, it is not convenient to install fastening nuts in oil tanks, gas tanks and other parts. Except for the driver's seat and the rear five seats, other seats are fixed by tapping bolts with spring washers and flat washers, and fastened by bolts with spring washers, flat washers and nuts, which do not meet the design requirements. When the seat is fixed by an internal tapping screw with a spring washer, when it is impacted by an unusually strong external force, it will cause the seat to fall down, increase the degree of accident injury, and there are potential safety hazards. ?

Hunan Hengshan Automobile Manufacturing Co., Ltd. will install passenger seats fixed with internal self-tapping bolts for vehicles within the scope of recall, except the front row, co-pilot seat and the last five seats. 8.8? M8？ Tighten the matching nuts, check the seat bolts of the whole vehicle, and replace all loose or fallen bolts and nuts to eliminate potential safety hazards. ?

This recall was carried out under the condition that the State Administration of Market Supervision initiated a defect investigation. Affected by the investigation, Hunan Hengshan Automobile Manufacturing Co., Ltd. decided to take recall measures to eliminate potential safety hazards. ?

Hunan Hengshan Automobile Manufacturing Co., Ltd. will notify relevant users of the recall by registered mail. Users can call the service hotline: 0734-5823932 and log on to the company website? /,get the relevant information of this recall. In addition, you can also visit the websites in dpac.samr.gov.cn and www.recall.org.cn to follow the official WeChat account? , learn more information and reflect the defect clues. ? (Source: AQSIQ website)

1 1. GAC Mitsubishi Motors Co., Ltd. expanded the recall of some Outlander and Jin Xuan cars.

Recently, GAC Mitsubishi Automobile Co., Ltd. filed a recall plan with the State Administration of Market Supervision according to the requirements of the Regulations on the Management of Defective Automobile Product Recall and the Implementation Measures for the Regulations on the Management of Defective Automobile Product Recall. It was decided to recall 6,339 Outlander and Jin Xuan cars produced on May 6, 1965, 438+0, September 65, 438+065, 438+0, 2065, 438.

Due to the low material density of the pump core impeller of the fuel pump assembly, the fuel invasion will cause the impeller to expand and deform (warp), and interfere with the pump housing and pump cover. As a result, the fuel pump can't work normally and can't supply oil to the engine normally. In extreme cases, the engine may turn off when the vehicle is running, thus causing safety hazards. Guangzhou Automobile Mitsubishi Automobile Co., Ltd. will replace the improved fuel pump core for vehicles within the scope of recall free of charge to eliminate potential safety hazards. ?

This recall activity belongs to the expanded recall activity of Guangzhou Automobile Mitsubishi Automobile Co., Ltd. to recall some Ego, Outlander and Jin Xuan cars released on April 10, 2020. The reason for expanding the recall is that through further in-depth investigation, it is confirmed that more vehicles may be equipped with unqualified fuel pump cores, which may lead to safety hazards such as abnormal fuel supply for vehicles. ?

Guangzhou Automobile Mitsubishi Automobile Co., Ltd. will notify the relevant car owners by registered mail, SMS and telephone through the dealers. Users can contact the nearest dealer directly or call the customer service hotline: 400-977-3030 for consultation. In addition, you can also visit the websites in dpac.samr.gov.cn and www.recall.org.cn and follow the official WeChat account to learn more information and reflect the defect clues. (Source: AQSIQ website)

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.