After the bankruptcy and reorganization of Brilliance Auto Group, the development of partner BMW Group in China has attracted much attention. Recently, some media reported that in the future, the cooperation between BMW and Great Wall will not only target the MINI brand, but also Great Wall Motor will be put into production. BMW 3 Series, and revealed that the BMW brand will be located in the Great Wall Xu Shui factory. According to media reports, the rumor that "Great Wall has put into production BMW 3 Series" was revealed by insiders of Great Wall Xu Shui Factory, saying that the news of chassis business showed that the factory was also laying a BMW 3 Series production line.

In response to the news, Fu Xiaokang, vice president of Great Wall Motor Co., Ltd. responded: "The report is not true, there is no such thing."

At the same time, BMW Group also responded: false information.

In fact, on the occasion of the news of the bankruptcy and reorganization of Brilliance Automobile Group, BMW has responded that there is no indication that BMW's business operation will be affected by the debt problem of Brilliance, and said that it will not affect BMW Brilliance's capital increase decision.

BMW Brilliance was established in 2003, with Brilliance Group and BMW Group holding 50% shares respectively. After the establishment of Brilliance Group, BMW 3 Series, BMW 5 Series, BMW X 1, BMW X3 and other models have been localized one after another, and the market performance is good. The industry calls BMW Brilliance the "profit cow" of Brilliance Group. With the gradual liberalization of the stock ratio policy in the automobile industry, BMW Group 20 18 said that it would acquire 25% shares of BMW Brilliance for 3.6 billion euros (equivalent to about 32.6 billion yuan) in 2022, and the shareholding ratio would increase to 75%.

In the same year, BMW Group and Great Wall Motor signed an agreement to produce MINI brand electric vehicles, and established a joint venture company, Liang Guang Automobile, with a 50/50 share each. It is reported that the model of Beam will be jointly developed by both parties and sold in the existing sales channels of BMW Group and Great Wall Motor. At the end of 20 19, the beam car project was officially launched in zhangjiagang, Jiangsu province.

With the BMW Group's cooperation with Great Wall Motor, the "old partner" Brilliance Automobile Group frequently exposed debt problems. Affected by the epidemic and other factors, Brilliance Group's operation is more difficult this year. Its semi-annual report shows that the total liabilities of the Group are 52.376 billion yuan, and the asset-liability ratio exceeds 65,438+065,438+00%. In the first half of this year, Brilliance Auto Group tried to solve the debt problem by transferring assets, but failed. During the period of 10 this year, the private debt of 10 billion yuan issued by Brilliance Group only realized the unrealized interest principal, which attracted people's attention. In mid-June this year 165438+ 10, Brilliance Group announced that the total amount of debts owed by the Group was 6.5 billion yuan, and the total amount of overdue interest was about 654.38+44 million yuan. 165438+1October 20th, Brilliance Group went bankrupt and reorganized.

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