- Beijing Borgward files for bankruptcy
Beijing Borgward officially filed for bankruptcy to the First Intermediate People's Court of Beijing Municipality on April 8th, according to its parent company Foton’s announcement.
Apr. 11 , 2022
- Gasgoo Daily: GWM Pickup 2021 overseas sales soar 119%
With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.
Jan. 19 , 2022
- Court seizes Beijing Borgward’s RMB2.2 billion assets for creditors
The commercial vehicle subsidiary of BAIC Group, Foton, announced that its subsidiary Beijing Borgward received a court-ordered seizure for its RMB2.2 billion worth of assets, petitioned by creditors.
Dec. 10 , 2021
- Xiaomi said to adopt “dual-factory” model, acquire Borgward plant
Xiaomi EV may adopt a “dual factory” production model, people familiar with the matter told a local media outlet.
Sept. 13 , 2021
- Borgward said to file for bankruptcy
In 2014, BAIC Foton acquired the iconic German brand and in March, 2019, Ucar, a chauffeured car service provider in China, bought 67% stake of the company with 4.109 billion yuan.
June 21 , 2021
- UCAR’s chairman Lu Zhengyao confirmed to chair Beijing Borgward
Wang Baiyin, former chairman of Beijing Borgward Automobile Co., Ltd (Beijing Borgward), has withdrawn from this position and was replaced by Lu Zhengyao, CEO and chairman of ride-hailing company and ...
July 31 , 2019
- Former Borgward’s CEO Yang Song joins Ford China as President of NDSD
Ford China announced on April 8 that Yang Song, former CEO of Borgward Group AG, officially joins Ford China’s leadership team as President of National Distribution Service Division (NDSD), effectiv...
Apr. 08 , 2019
- Former Borgward’s marketing executive said to join Ford China as vice president of PR
Huo Jing, marketing director of Borgward Group AG Sales Company and executive managing director of Borgward U.S. R&D center, has reportedly left Borgward and will join Ford China as vice president of ...
Feb. 25 , 2019
