Home » Business » Guangdong Automobile Dealer Group Yong’ao Suspected of Bankruptcy and Car Tow Scandal

Guangdong Automobile Dealer Group Yong’ao Suspected of Bankruptcy and Car Tow Scandal

[Voice of Hope January 18, 2024](Comprehensive report by our reporter Yang Zheng) Guangdong Automobile Dealer Group Yong’ao is suspected of having a broken capital chain. Dozens of 4S stores closed down. Banks tow trucks late at night to pay off debts. Many people paid deposits. Or pay the full amount but not get the car.

On the evening of January 17, a netizen posted a video on a social media platform with the caption: “Is buying a car now too unfinished? I heard that the Dongguan Liaobu store’s Wenjie Delivery Center under the name of Yong’ao Group has closed down. Even the cars in the showroom were towed away overnight! But what about those who paid the money but didn’t pick up the car?”

On the afternoon of the 18th, a netizen told the mainland media “Dawan News” that all stores under the Yong’ao Group with the word “Yong” at the beginning were closed. “I picked up my car here the year before last. Now my friend orders it at the Yonglai store. I was told that the car could not be picked up. The first time I was told that I wanted to pick up the car was on the 12th, and then it was towed to the 19th. Yesterday, my friend called me and said that the boss had run away.”

A screenshot of a WeChat conversation posted online showed that a Yongao staff member said: “More than 80 car brand stores of Guangdong Yongao Group Investment Co., Ltd. are experiencing emergencies and are at risk of bankruptcy and liquidation. Currently, 28 cars have not been delivered to the Nancheng store and 35 cars have not been delivered. The purchase tax is awaiting listing.”

On the 18th, a reporter from China Business News rushed to Dongguan Liaobu Automobile City, the AITO authorized user center associated with Yongao Investment, and found that there were no staff in the automobile city and many rights-protecting car owners were wandering outside.

At the GAC Aian Liaobu International Automobile City Experience Center, car owners waiting for car delivery, salespeople who were owed wages, and bank staff were pacing back and forth. Mr. Yang, a sales consultant for the Aian brand, told China Business News: “The store was still operating normally on January 16, but on the afternoon of January 17, bank staff went to the store to clear the vehicle certificate and arrange a tow truck. Today at 1 a.m. There are still customers coming to us asking for delivery of their cars, and the company has owed us six months’ wages.”

Mr. Yang told reporters that all new cars have been mortgaged to banks and the new car certificates have been temporarily withheld, so the new cars cannot be delivered.

A car owner at the scene told reporters that he paid 127,000 yuan to purchase Aion Y PLUS in December 2023 and planned to pick up the car on January 17, but was accidentally informed by the salesperson that the parent company of the 4S store, Guangdong Yongao Investment Group Co., Ltd. The company went bankrupt and could not deliver new cars.

“The matter has been fermenting for three days, and Yongao Investment still has not given a clear solution.” Mr. Yang said.

The reporter went to the headquarters of Yong’ao Group and found that the company’s door was closed, and many rights defenders were walking around the company entrance or the lobby on the first floor and talking about the matter. An on-site rights defender told reporters that no one at the company was working and he was still trying to communicate with relevant company personnel.

At 15:00 on the 18th, a Dawan News reporter contacted the Nancheng Branch of the Dongguan Municipal Administration for Market Regulation. A staff member handling the matter said, “We have received several complaints, and the branch is studying how to deal with them. We will then Contact them (the complainant).”

What are the reasons for the closure of many 4S stores under Yongao Group? What should I do if the undelivered car cannot be delivered? A staff member said: “There is such a theory (break of capital chain) on the Internet, but we don’t know whether it is true or not.”

According to the “Daily Economic News” report, a staff member of the Liaobu Branch of the Dongguan Municipal Administration for Market Regulation said, “(The collapse of Guangdong Yong’ao) must have happened. We have received some consumer complaints here, but the specific number It is not convenient to disclose.” The staff member also said that the final solution will be provided by the Guangdong Yongao headquarters, and the announcement time is expected to be from January 20 to January 25.

Public information shows that Yong’ao Group was established in 1997 with a registered capital of 200 million yuan. The company’s legal representative is Chen Yongzu. It was once one of China’s top 100 automobile dealer groups and has more than 40 branches in Shenzhen, Dongguan, Zhuhai, Xiangyang, Jining and other places. A 4S automobile franchise store, operating automobile brands including SAIC Volkswagen, Beijing Hyundai, Dongfeng Honda, Changan Ford, etc. There are more than 2,000 employees.

As early as 2023, Yong’ao Group was exposed to wage arrears. At that time, Yong’ao Group had more than 30 affiliated automobile 4S stores in Dongguan area, owed more than 1,000 workers wages, and even suppressed employees’ wages for three months. .

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Editor in charge: Lin Li

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2024-01-18 16:50:04
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