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"Holden cars? Australia occupies more than 20% of the market? This data sounds wonderful, but how many cars can Australia sell in total in a year? It won't reach one million this year, right?"
Even if Feng Yu is interested in this brand, he will not show it directly. Moreover, the Australian market is indeed shrinking. Tongyong Auto must also know this, otherwise it would not be so happy to sell it.
When Feng Yu remembered his previous life, Holden was finally discontinued. Because the Australian market is ruined, factories in Australia including Foote and Crazy Field have been shut down. Manufacturing costs there continue to rise, but sales continue to decline.
To put it simply, the Australian market is almost saturated, and if it fails to open up new markets, it will naturally be doomed. At that time, was there a new market for homologation? Yes, but it was not for Holden, but for local American brands such as Chevrolet and Buick. After all, Holden's popularity was too low.
However, Feng Yu is very interested in Holden's technical center. The research on engines, transmissions, chassis, etc. is considered top-notch among similar cars and is also world-class. It can complement the technology of Bingcheng Machinery.
There is no debt there, and Tongyong itself has already laid off employees. At worst, the production capacity of the factory there will be reduced, and it may even become a technology research and development center and sales center in the end, without production. [△网WwW.]
When Marco heard Feng Yu's words, there was no trace of embarrassment on his face. He argued: "But Holden's cars are not only in Australia, they are also exported to New Zealand, the United Kingdom, South Korea, the United States and the Middle East. The brand It is very valuable. And the technology R&D center there is very powerful and contains many key technologies that we share."
"Really? Guarantee, are those technologies that you haven't mastered when using other brands? It seems that Holden doesn't have many patents, right?"
Holden's research was successful, and the patented technology belonged to Tongyong Automobile Group. The patents held by Holden were all less important.
"Mr. Feng, Holden is really worth buying. It only costs $5 billion."
Feng Yu paused the game, clicked a few times, and opened an electronic document.
"Tsk, tsk, tsk, seven years ago, Holden had a profit of 6 billion Australian dollars a year. Last year, Holden only had less than 1 billion Australian dollars in profit. So how much should it have this year? Will it be none, or will it lose money? The reason why you were able to maintain profits of close to one billion Australian dollars last year was because you also made layoffs, and to be honest, those managers are so qualified."
Feng Yu shook his head and sighed, and the sarcastic remarks in his mouth made Marco's expression change again and again.
How come Feng Yu knows Holden’s information in such detail? Did Feng Yu originally plan to acquire Holden's business and did a detailed investigation
So did Feng Yu only investigate Holden, or all the businesses of Tongyong Auto? Does Feng Yu fully know the details of the shared car
"Mr. Feng, Holden's profits have declined because Holden originally held more than 40% of the shares of Tongyong Daewoo. Later, didn't Tongyong Daewoo be sold to Tata Motors? So the business has shrunk and profits have naturally will decline, coupled with the decline in global car sales... "
"Wait a minute, our car sales in the Chinese market have not declined, and our car sales in the Indian market have not declined. And our Bingcheng Machinery sales increased by more than 15% last year, and it may be even more this year."
Just because you are declining does not mean that everyone is declining.
Marco was interrupted again by Feng Yu, but he didn't know how to refute. What Feng Yu said was true.
"Mr. Feng, Holden Motors' R&D center, parts production center, automobile assembly center, sales channels, etc. are all high-quality assets."
"Really? Why did I hear that Holden Motors suddenly took on a lot of debts for the same cars? I don't know how your wholly-owned subsidiary operates internally, but it seems that these debts were not originally held by Holden Motors. Right?" Feng Yu asked with a smile.
Fortunately, people are collecting information at all times, otherwise the value would have been measured wrongly, and the negotiation would have been very passive. If you can really maintain a profit of one billion Australian dollars a year, then the price of five billion U.S. dollars is really not expensive. But if you have to bear several billions of dollars in debt, let alone five billion U.S. dollars, five billion U.S. dollars is really not expensive. Feng Yu wouldn’t even consider it if it’s worth 100 million US dollars.
"Debt? Did Mr. Feng make a mistake? Last year, there was a profit of one billion Australian dollars. How could there be debt?" Marco's smile was a little stiff. How did Feng Yu know this news? Some of the Holden executives must have been bribed by Feng Yu!
"So, can the financial situation be disclosed? When we talk about the sale of assets, we have to understand it in detail before we can decide." Disclosure of the financial situation is a very common requirement in corporate acquisitions.
How could Marco dare to agree? Before they came to find Feng Yu, the car they shared had gone to the subsidiaries that planned to sell it to Feng Yu and dumped a lot of debts.
"Okay, what Holden was like before is what he should be like now. I won't bear any of those debts, so we can have a good talk."
"Also, I know very well what the Australian market is like and what Holden is like. I even have a very good understanding of what the cars you share are like. You don't have to lie to me about this."
"Finally, I'm a little interested in Holden cars, and I'm even more interested in some of the technologies you both use. I remember that you have many joint ventures in China, including technology research and development centers, and this one should be included."
Marco really didn't know how to quibble this time. It turned out that his background had been exposed in front of the other party for a long time. The funny thing was that he still wanted to hide it.
If the joint venture companies in China are also sold, then they will have no valuable assets in China, and the rest will be some sales channels. But the cars they use together, in addition to joint venture cars, imported cars in China I can't sell a few units at all.
He weighed it in his mind. Even if all of these were added together, if he couldn't get rid of some debts, he could sell it for up to eight billion US dollars. No one would be willing to buy it any higher.
If it were two years ago, he would have offered at least US$15 billion for these assets. At that time, they were both industry leaders, had no shortage of money, and were still fighting for land.
Feng Yu thought for a while: "By the way, I see that you are also quite short of money when sharing a car. Let me help you again. If you transfer some patented technologies to me, or license them to me permanently, I can also give you a A technology transfer fee. Add these and the assets just mentioned, the total amount is ten billion US dollars. Think about it and give me an answer tomorrow. If the day after tomorrow, I may not want to buy it. "
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