突发！知名车企宣布破产

Core Viewpoint - GAC Fiat Chrysler Automobiles Co., Ltd. (GAC FCA) has been declared bankrupt due to its inability to restructure or settle debts, as confirmed by the Changsha Intermediate People's Court [1][4]. Group 1: Bankruptcy Process - On July 8, GAC FCA announced its bankruptcy liquidation progress, stating that it has no possibility of reorganization and has applied for bankruptcy declaration [1]. - The first creditors' meeting approved the proposed bankruptcy asset distribution plan, which was subsequently recognized by the court on June 27, 2025 [1][7]. - The management has been tasked with expediting the completion of the bankruptcy process and ensuring the protection of creditors' rights [1]. Group 2: Financial Status - As of September 30, 2022, GAC FCA reported total assets of 7.322 billion yuan and total liabilities of 8.113 billion yuan, resulting in a debt-to-asset ratio of 110.80% [11]. - The company’s assets are insufficient to cover its debts, with a confirmed total debt of approximately 8.123 billion yuan, including 4.044 billion yuan of uncontested claims [3][11]. - The asset evaluation indicated that GAC FCA's liquidation value is approximately 1.915 billion yuan, primarily consisting of inventory, fixed assets, and construction in progress [3]. Group 3: Lack of Restructuring Options - No creditors proposed reorganization or settlement during the bankruptcy proceedings, and efforts to attract potential investors have been unsuccessful [4]. - The court determined that GAC FCA does not meet the conditions for reorganization or settlement, leading to the declaration of bankruptcy [4].