At that time, many netizens left messages at the bottom of this news, hoping that FAW could spend money on the cutting edge, but it backfired. Although FAW in Xu Liuping era has made remarkable progress, the events we are going to talk about today can still reflect the disadvantages of this giant enterprise.
When FAW Travel conducted an asset inventory a few months ago, it found that there were problems with more than 2,000 vehicles under its name. Excluding some common economic disputes, about 840 cars were judged as "lost". These lost vehicles are scattered in 3/kloc-0 provinces and cities all over the country, and some of them are even on the border between China and Myanmar, so the possibility of being recovered is extremely low. FAW, which expanded greatly under the outlet of travel, finally left a mess of chicken feathers.
We sorted out some major events before the official establishment of FAW Travel, and they also made some achievements along the way. After establishing a joint venture with Didi, there are new ideas within the group. They believe that the time-sharing leasing market is small and limited, and cooperation with companies such as Didi needs to rely on their platforms, technologies and traffic. In other words, you are just a "car seller", far from being a technology company. Obviously, the eldest son of the Republic who wants money and resources will not be willing to be a supplier to others. So the idea of "do it yourself, one-stop" came into being, and an independent subsidiary, FAW Travel, was established, which will set off a storm of "more than 840 cars lost" in the future.
Internal priority is extremely high, except for the red flag.
It is rare for traditional enterprises to seize a tuyere that conforms to their own industry attributes, so they have invested great efforts from the beginning and gained high priority within the group. It can be said that if they want money, they need people, except red flags. After the great cause of FAW Travel was rolled out, it established joint ventures with a number of companies with vehicle operating licenses. The registered capital of many joint ventures is as high as several hundred million yuan, and the paid-in amount of FAW Travel is also tens of millions of yuan. At the same time, FAW Travel quickly set up branches all over the country, and more than a dozen branches were established one after another. In addition, a large number of vehicle purchase costs have become the maw of consuming cash flow. In just 20 19, FAW bought nearly 40,000 vehicles. According to industry estimates, these vehicles cost nearly 4 billion yuan.
The vehicle stopped in the warehouse and fell into the dust, and the "100-day attack" buried a disaster.
Under the guise of traveling, not only FAW is a company, but also thousands of troops. 20 19 years is unfavorable for traveling, but easy for traveling. One stopped taking clothes and the other was abandoned by the regiment. FAW Hui Di, which had achieved good results, was also hit hard. The main reason is the car. When FAW and Didi cooperated, most of them provided mid-to-high-end models, which was obviously not very attractive to Didi drivers. What they need is a compact family car that is fuel-efficient and economical, so 1000 cars are parked in the warehouse, and no income is generated. In order to save the lower and lower operating rate, FAW Travel launched the "100-day attack" plan, with the goal of increasing the operating rate to 80%. There are policies on the top and countermeasures on the bottom, and all regions try their best to complete the task, which has also become one of the important reasons for the car loss incident.
The risk control system is vacant, and various illegal operations are rampant.
Yes, as a heavy asset company with a registered capital of 5 billion, FAW Travel did not have a risk control department before it lost its car. Without the restriction of risk control, FAW has encountered many chaos on the road of expansion.
Give you two vivid examples.
First, according to insiders, at the end of 20 19, a distributor found more than 100 taxi drivers in a week, and then the distributor ran away with a deposit of one million yuan and monthly rent. So far, the court has not found anyone.
Secondly, according to a former employee of FAW Travel, he was sent by the city manager to a leasing company for investigation, and found that there was only one shop facing the street, with three people and three computers, two of which were gray-this was obviously a temporary behavior. He asked to see the business license and license plate, but there were only a few in the end. After truthfully reporting the situation to the urban management, the other party was ambiguous and finally signed a contract with the leasing company. Later, the former employee saw the boss of the urban management and leasing company drinking tea in the office, and there was a pile of cash under the cigarette case. Things like this are not uncommon. Since many rights are delegated to city managers, rent-seeking of rights will inevitably lead to corruption.
In addition to FAW travel, many car companies have also joined the wave of travel, including Geely, SAIC, Dongfeng, Great Wall, BMW, Daimler, etc., basically covering the low-end to high-end. Car companies always operate out of a sense of crisis in the industry. After experiencing a rapid growth of 10%, today's automobile market has a tendency to develop into the stock market. In other words, the profit margin of the global auto industry will be lower and lower, and anxious auto companies are working hard to find new directions. Travel is a career that has a natural connection with cars. It's not too wrong to take this move, not to mention people are doing it.
In addition to these traditional car companies, there are also players such as Didi Chuxing, Shouqi Car Rental, Shenzhou Special Car, Easy Access, Didi Inc, Meituan Taxi, Hellobike, etc. They also have a certain right to speak, and their operation mode is more convenient and efficient than the OEM team of specific assets.
But unfortunately, the whole tourism industry is losing money at present. Let's talk about Didi Chuxing first. Didi Chuxing is a representative enterprise in the field of travel. Since its establishment, it has burned more than 50 billion yuan, so far it has not achieved overall profit and continued to lose money. Many people question why they are still losing money when they have painted so much. Uber on the other side of the ocean also left tears of confusion. Like Didi, it has been losing money. The financial report shows that its loss amount has been from 206,500. In 2006, it increased from $600 million to $8.5 billion in 20 19.
In addition to technology companies such as Didi, it is difficult for traditional car companies to see profitable people in the field of travel. FAW Travel, a person who digs his own grave, does not say that Cao Cao Travel, a popular player under Geely, only makes a profit in some cities, and the whole is a loss.
Write it at the end
I don't know if you still remember the "Zhangzidao scallop escape" incident, which was also a state-owned enterprise at that time. In June, 20 14, Zhangzidao Group announced that all the scallops with the value of 10 billion RMB had fled in order to make an excuse for financial losses, because the water temperature in the North Yellow Sea where scallops grew was extremely cold. Later, the CSRC used Beidou satellite to monitor Zhangzidao and found that the company inflated profits and imposed penalties.
More than 800 cars lost by FAW during this trip were dubbed as Zhangzidao incident in the automobile industry by netizens. For the loss of state-owned assets, netizens are saddened but helpless. Many state-owned enterprises spend a lot of money and get the best resources, but they can't do anything that can reach the industry average. The official of FAW Travel has not responded to this matter, and we will continue to pay attention to how this matter ends.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.