This time the subprime mortgage crisis has been revealed, and many media are promoting it, saying that this time it will affect too many financial credit companies. Ford's auto credit business has naturally been greatly affected.
The three major car companies in the United States, Tongyong, Ford, and Clasico all have their own auto loan companies, but Tongyong is the largest at this time.
The cost of Ford is also relatively high, but it is still much worse than the same one. Moreover, Ford only has a few brands, including partial shares of Ford, Linken, Jiebao, Land Rover, Volvo and Mazda.
In terms of brand management, it does much better than Tongyong. The reason why Foote was able to survive the difficulties in the previous life was because they sold off the rest of the brand business and retained only the two most basic brands Foote and Linken.
Foote's brand sales have made money, but it's not like Tongyong. Many brands want to sell but can't sell them in the end.
Feng Yu actually likes the brands owned by Foote more. This asset is much higher quality than the assets owned by Tongyong. Of course, the price is also much more expensive.
As for Kelisile, there are also brands that Feng Yu likes, such as Dodge and Jeep. Koller originally cooperated with Daimler, the parent company of Benchi, and merged equally to form Daimler-Chrysler. However, the Koller brand is currently suffering serious losses, and it will definitely be lost to Daimler like in the previous life. Get rid of the company.
There is already a consortium from the United States that is interested in Kelisile Company. In particular, they are interested in the credit company under Kelisile. They believe that this company is currently profitable and will seize the automobile credit business market.
Therefore, Collision was immediately abandoned by Feng Yu. He now ordered Ralf to focus on Tongyong and Ford.
Others don't know, but Ralph knows very well that Fengyu Holdings Group doesn't have so much cash at all, and it can't even get out 10 billion US dollars.
Because the cash obtained from selling the stocks of those subsidiaries has been transferred by Feng Yu in the form of dividends and other forms. It might be possible to acquire one brand, but it would be difficult to acquire two brands. As for acquiring so many brands, it is simply impossible!
If it succeeds and is merged into Bingcheng Machinery Manufacturing Group, Bingcheng Machinery Manufacturing Group will become one of the top five automobile manufacturers in the world, with annual production and sales exceeding five million vehicles!
Of course, the funds that need to be raised are also a huge amount.
A conservative estimate is that if all of these were acquired, it would definitely cost more than 20 billion US dollars!
Ford's CEO did come and talk to Ralph. He indeed planned to sell his brand business, but he would definitely not sell his shares in the car rental company, credit company and Chinese joint venture car company. These are strategic investments. Absolutely not for sale!
However, the shares of Mazda, Jiebao, Land Rover, and Woerwo can all be sold, but now they have not said that they will sell the entire brand business.
These brands of Foote are not originally American brands, but brands from Europe. When Foote acquired them, they carried out an asset reorganization and eliminated many non-performing assets, which can greatly Reduce the burden on.
At this time, Feng Yu needed to think of something.
Among them, the Tata Group, which is seeking to expand its business, is a good ally. In its previous life, it was indeed Tata Motors, which acquired the two brands of Jeopardy and Land Rover.
And there is another ally, which is state-owned assets!
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"What are you talking about? Do you mean that we can acquire the business of major automobile brands in Europe and the United States?" Zhang Ruiqiang asked in surprise.
This is great news! How shameless is it for a Chinese car company to acquire an American car company
"Why not? There is a lot of money in state-owned assets now, right, including some pensions and so on. Why can't these be invested, and wouldn't it be better to rely on dividends to pay for pensions in the future?"
"Of course, if the country is not interested, it doesn't matter. I have acquired all of these. There is also the Tata Group in India, which is also an important partner of mine. They are also very interested."
Feng Yu has long known that domestic car companies want to really go global. For example, last year, Modu Auto acquired the British Mingjue Automobile in an attempt to enter the European market. Of course, you can also get some good technology from Mingjue Automobile.
This step set a precedent for China Automobile's overseas acquisitions in the previous life, but it does not matter in this life. After all, Bingcheng Machinery Manufacturing Group acquired some small automobile manufacturing plants overseas two years ago.
So Feng Yu took the initiative to find Zhang Ruiqiang this time, and he was sure that his superiors would not refuse.
Besides, Feng Yu didn't trick them. When the time comes, the state-owned assets will definitely be high-quality assets. This way, the money will not go to outsiders.
Zhang Ruiqiang felt that there must be something weird about this matter. How could Feng Yu take the initiative to give up the benefits
"Just tell me what conditions you have."
Feng Yu "..."
So obvious
"Okay, let me get it straight. There are many assets worth acquiring here. Among them, I need some factories in Europe and North America, as well as some of the technologies. As for the brand, I only need one, and the others can be given over to you."
"As for what I have paid, one is to give state-owned assets the opportunity to acquire these top car brands. In addition, I will try my best to restructure these assets, remove some non-performing assets, and hand over high-quality assets to you."
"Of course, this will definitely take some time, but it will not take more than a year at most. And I will also let state-owned assets take back the shares of some joint venture car companies. This is something that the higher-ups have been thinking about for a long time, right?"
Zhang Ruiqiang's frown deepened. This is wrong. It sounds like Feng Yu has paid a lot and the state-owned assets have taken a lot of advantage.
Although Feng Yu is more patriotic, he gives all the benefits to the country. It seems that he is not such a person, right? There must be hidden conditions that Feng Yu didn't mention.
"Do you have other conditions? Can't you just say it all in one go? And the asset restructuring you mentioned will take a year. Why does it take so long?"
"There are no other conditions. It's just that the state-owned assets will be paid out first. After the reorganization is completed, I will pay for it later. Of course, I will pay interest."
In fact, this is Feng Yu's purpose. Within a year, Feng Yu's funds have also been slowed down. Now Feng Yu's plan is that the state will pay all the money first, and then Feng Yu will pay it back later, allowing Feng Yu to borrow state-owned assets. The capital turnover has been completed.
As for the brands ceded to the country, Feng Yu himself does not intend to take up all of them. It is possible to operate multiple brands, but if there are too many brands, it will be a burden.
Zhang Ruiqiang understood clearly that Feng Yu didn't want to take money now, but he also wanted a brand. But he also knew what Feng Yu was doing with his funds at this time.
It was also because of Feng Yu's guidance that state-owned overseas financial investments had made a lot of money in recent years. This time, they also escaped from the U.S. stock market in time to avoid losses.
"Okay, this matter can be operated. Just wait for my news!"
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