智通财经网·2025-09-23 09:55Core Viewpoint - Jiangling Motors has signed a distribution service contract with Ford's subsidiary to enhance the sales of Ford-branded passenger cars and pickups [1] Group 1: Company Actions - Jiangling Motors and its wholly-owned subsidiary, Jiangling Motors Sales Co., have entered into a distribution service agreement with Ford Motor Sales and Service (Shanghai) Co., Ltd. to provide comprehensive distribution services for Ford-branded vehicles [1] - The company plans to jointly increase capital in its subsidiary, Jiangling Ford Automotive Technology (Shanghai) Co., Ltd., with Ford, maintaining its 51% ownership stake [1] - Jiangling Motors will convert debts into equity amounting to 1.26378 billion yuan, while Ford will contribute 1.21422 billion yuan in cash to settle Jiangling Ford's liabilities [1] Group 2: Financial Overview - As of June 30, 2025, Jiangling Ford's total liabilities are reported to be 2.296 billion yuan, with 1.47 billion yuan owed to Jiangling Motors due to daily operations [1] - The capital increase and debt settlement arrangements are expected to have no impact on the company's total profit [1]