SHC Group, led by businessman Sergio Habib, filed for judicial recovery on Tuesday, the 6th. Habib has been responsible for managing Jac Motors in Brazil since the Chinese brand entered the country in 2011.
As anticipated by Exame magazine, the group declared liabilities of R$ 239.5 million and included 44 companies in the recovery request. During this judicial process, the company remains operational while negotiating with creditors a plan to settle its obligations.
This is Habib's group's second recourse to this legal instrument. The first judicial recovery began in November 2018, when the group reported debts of R$ 517.7 million. This first process was finalized in May 2025, approximately one year and five months before the current request.
According to Exame, the company was negotiating a new restructuring and seeking to keep part of the debts outside the scope of the process. Sources consulted by the magazine indicated that a large bank had over R$ 100 million to receive. Furthermore, banks and funds reported difficulties in locating and recovering vehicles that had been pledged as loan collateral.
The recovery request occurs at a time of sharp decline for Jac. In 2025, the brand registered only 988 passenger cars and light commercial vehicles, representing a 51.1% reduction compared to the 2,022 vehicles sold in 2024, while the general market grew by 2.58% in the same period, according to Fenabrave.
This downward trend persisted in 2026: between January and July, 346 registrations were recorded, corresponding to a 43.8% decrease compared to the same period in 2025. Currently, the brand's dealership network is reduced to only three points of sale.
Sergio Habib introduced Jac to Brazil with a very ambitious approach: in 2011, he inaugurated 50 dealerships in a single day. The initial plan included building a factory in Bahia, with an estimated investment of R$ 1 billion, a project that was never realized. Later, the businessman invested in importing electric cars, but this initiative also failed.
In addition to Jac, Habib's group maintained a 28-year collaboration with Citroën, whose dealership network represented one of its main business segments. At the time of the first recovery, SHC justified the crisis by citing the end of this partnership, market contraction, and the limitations imposed by the Inovar-Auto program on imports.