1988年6月，厦门市为了获得二汽的30万辆轿车项目，拨款20万元成立了厦门汽车工业公司，但项目最终落地武汉，厦门汽车铩羽而归。这时，厦门市政府准备停掉汽车项目，但在厦汽创始人黄培予的努力下，还是坚持了下来。不过黄也因此和市里搞僵了关系，不仅退回了20万元开办费，还被禁止从当地银行贷款。后来，黄培予从香港渣打银行贷到了130万美元。为了继续筹措资金，黄培予找到了国台办。国台办本身并没有资金，但是有贷款指标。不过，获得贷款前提条件是必须与台湾公司组成合资企业。
1988年，厦门汽车占股75%和香港法亚洋行（台湾国产汽车-CAC 董事长张朝翔的长女的丈夫叶同于香港设立）占股25%共同成立的厦门金龙联合汽车工业有限公司，由于第一个使用了金龙的品牌，业界习惯称之为“大金龙”。在之后，厦门汽车为了获得东风和北京华能公司的资金支持分别向二者转让25%的股权，最终形成25%x4=100%的局面。
1992年3月，厦门金龙旅行车有限公司成立，厦门汽车持股60%。厦门金旅之所以又叫小金龙，并不是因为规模小，而是意在做小车。但是，造车是需要钱的，而金旅恰恰因为黄与厦门市政府的紧张关系无法从国内获得贷款。
于是黄就筹备金旅在美国纳斯达克上市，但在做到一半时却因为国有控股企业到美国上市需要中央批准而被叫停。已经做到一半的海外上市当然不能丢，黄于是动员叶同和其他外资股东以其在金龙股份出资成立香港嘉隆公司，然后以香港嘉隆公司名义申请在纳斯达克上市。后来因被人举报，上述计划最终全部终止。直到1998年11月，黄培予被一审判处死刑，缓期两年执行，并处没收人民币10万元，金旅的“小车梦”彻底流产。
在筹备上市期间，黄培予曾与大众集团就T4引进进行了深入洽谈，不过最终却卡在了政策上。因为，按照当时的规定，一家外国车企在中国的合资项目，不能超过两个（大众已经有上海大众和一汽大众两个项目）。
后来，黄培予还和台湾的裕隆汽车进行了洽谈。最终，以裕隆汽车入股厦门汽车取得5%股权并将其“福满多”（尼桑 vanette/巴宁）导入厦门汽车生产作为交换，金旅取得了裕隆“尖兵”（尼桑轩逸b13）的相关设计资料。但在黄被判死刑之后裕隆彻底被边缘化，无法参与经营。2007年，裕隆退出金龙汽车。
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In June 1988, in order to obtain the project of 300,000 cars of the Second Automobile Company, Xiamen goverment allocated 200,000 Yuan to establish Xiamen Automobile Industry Company . However, they fail and this project landed in Wuhan. By this time, the Xiamen city government want to shut down the company, but, finally it persisted,thanks to the efforts of Huang Peiyu, the founder of Xiamen Automobile Industry Company. However, Huang got a worse relationship with the city govermant, so that he could not borrowing any money from local banks and had to repay the 200000 Yuan. Later, Mr. Huang borrowed $1.3 million from Standard Chartered Bank in Hong Kong. To continue raising funds, Huang approached the Taiwan Affairs Office of the State Council. The Taiwan Affairs Office of the State Council itself does not have funds, but it has lending qualification. However, there is a conditional if Huang want to got the loan, that is a joint venture with a Taiwan company.
In 1988, Xiamen Golden Dragon United Automobile Industry Company was established by Xiamen Automobile holding 75% of the stock and Hong Kong Faya company (established in Hong Kong by Ye Tong, the husband of the eldest daughter of Zhang Chaoxiang-the chairman of Taiwan Chinese Automobile Co ltd-CAC ) holding 25% of the stock. As the first company to use the Golden Dragon logo, the industry used to call "Big Golden Dragon". Later, in order to got the financial support from Dongfeng and Beijing Huaneng Company, Xiamen Automobile sold 25% of the equity to them respectively, finally forming a situation of 25%x4=100%.
In March 1992, Xiamen Golden Dragon Traveling Vechile Co., LTD was established, with Xiamen Auto holding 60% of the shares. Xiamen Golden Travelingis Vechile also called "Little Golden Dragon ", not because of it is a small conpany, but to make the small car. But, it is need many money to develop, meanwhile Traveling can't get any loan from domestic bank because of tensions relationshio between Huang and the Xiamen administration.
Huang began preparing to list Golden Traveling on Nasdaq, but was stopped halfway through because state-owned property company needed approval if it want to list in the United States. huang would not want to give up by the way side, therefore， Huang mobilized Ye Tong and other foreign shareholders to set up Hong Kong Jialong Company with their shares in Jinlong, and then applied for listing on NASDAQ in the name of Hong Kong Jialong Company. Later due to being reported to local administration by someone, the plans were eventually all terminated. Until November 1998, Huang was sentenced to death in the first instance, with a two-year reprieve and a confiscation of RMB 100,000. Gold traceling's "small car dream" was completely aborted.
In the time that preparation for the listing, Huang held in-depth talks with Volkswagen on the introduction of T4, but eventually got stuck on policy. According to the regulations at that time, a foreign car company could not have more than two joint-venture projects in China (Volkswagen already had two projects in Shanghai- Volkswagen and FAW-Volkswagen).
Later, Mr. Huang also held talks with Taiwan Yulon Motor . In the end, Yulon Motor join into Xiamen Automobile Industry Company to acquire 5% equity and introducing its "Formando" (Nissan vanette) into Xiamen automobile production, in exchange，Golden Traveling obtained the relevant design materials of Yulon "Vanguard" (Nissan b13). But after Huang was sentenced to death Yulon was completely marginalized, unable to participate in the operation. In 2007, Yulon pulled out of Golden Dragon.