Porsche China Automobile Sales Company became the executor of 1.34 million yuan
[CNMO science and technology news] According to the China Execution Information Disclosure Network, recently, Porsche (China) Automobile Sales Co., Ltd. added a piece of information about the person to be executed, with the execution target of more than 1.34 million yuan, and the execution court was the People's Court of Baiyun District, Guangzhou City.
Tianyan search showed that the dispute involved the subrogation rights of the relevant insurers between China Life Property Insurance Co., Ltd. Foshan Shunde Branch and Porsche (China) Automobile Sales Co., Ltd. According to the website of the National Enterprise Credit Information Publicity System, Porsche (China) Automobile Sales Co., Ltd. was founded in October 2005, with Michael Horst Kirsch as its legal representative, a registered capital of US $12.38 million, and is wholly owned by Porsche Hong Kong Limited.
Although Porsche has performed well in the international market, with the global sales reaching 320221 vehicles in 2023, up 3% year on year, the situation in the Chinese market is not optimistic. In 2023, the sales volume of Porsche in China will be 79283, a decrease of 15% compared with 93286 in 2022, showing a clear sign of market slowdown. In 2024, this trend does not seem to have been reversed. In the first quarter, the global delivery volume was 77640 units, down 4% from the same period last year. The situation in the Chinese market is more severe, with only 16340 cars delivered, and the decline in sales is of concern.
This series of data reflects the complex market environment and challenges Porsche is facing in the global market, especially in China. In China, intensified competition in the luxury car market, changes in consumer preferences, and uncertainty in the global economic situation may all be factors that lead to fluctuations in sales.
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(This article is from Mobile China)
