Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues on the way! CTOnews.com, July 3 (Xinhua)-- Weima Automotive Technology Group Co., Ltd. recently added a consumption restriction order, according to the China Executive Information publicity Network. According to the information, the applicant is Peng, who is involved in an arbitration case, which was filed on April 7, 2023, and the enforcement court is the Shanghai Qingpu District people's Court.

Because all the 14065 yuan of the execution target was not fulfilled, the court held that Weima Automotive Technology Group Co., Ltd. had the ability to perform and refused to perform the obligations determined by the effective legal documents, and listed SHEN HUI (Shen Hui), the legal representative of the company and unit, as the person to be executed in breach of trust. Restrict Weimar Motor and the company's legal representative SHEN HUI not to implement high consumption and consumption behaviors that are not necessary for life and work.

CTOnews.com noted that at present, Weimar has a number of information about the person subject to execution, with a total amount of more than 11.09 million yuan.

Weimar, once known as the "four Little Dragons", the new force of car-building, is full of negative news. In November 2022, Weima reduced operating costs through a series of financial measures such as a 50% pay cut for management and a 30% pay cut for other employees. According to the Daily Business News at the end of February, in order to save itself, Weimar has been looking for a way to solve the financial problem through listing. On January 12 this year, Weimar announced that it would reach a strategic merger with Apollo, and the listing path would be further determined. In mid-February this year, more than 200 employees of the Huanggang factory in Hubei province were collectively defending their rights due to the suspension of wages and arrears of wages in Weima. "We are making every effort to resume work and production," Weimar said in a statement on its official Weibo on March 7. " According to the Hainan Special Economic Zone News in mid-May, Weima Automobile 4S stores in Haikou City, Hainan Province, were all closed, with vehicle problems, no after-sale and no accessories, and more than 2000 car owners were difficult to maintain and repair. According to a report in the Securities Daily on June 30, it was learned from people close to the company that Weimar suspended its salary again in June after narrowing the salary range. At present, only the director and above of the middle and senior management of the company are paid, while others are suspended.

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