Feng Yu had just had lunch in the office, and Tang came in to report that Tongyong Auto had agreed to their offer and was willing to pay a reasonable amount of assets. .fastest update
Feng Yu took a brief look at the form. Holden cars had the highest value, and then there was a technology research and development center in the United States, which included some patent ownership and was sold out to Feng Yu.
Finally, there are some technology patent authorizations and two factories in Europe, which mainly produce spare parts and also take into account the technical research and development of spare parts.
According to the asset evaluation given by Tang, although it has some debts, these assets are worth about 13 billion US dollars, but only have 2.7 billion US dollars in debt, which is better than Feng Yu expected.
It's just the equity in the joint venture in China that Tongyong Automobile is determined not to sell. They have already lost the South Korean market. If they sell all the shares in the joint venture in China, they will have no development potential in Asia.
Although there is a joint venture factory in Nanyang, the output is too low and the sales volume is also very poor. On the island country, it is not the turn of car companies from other countries to speak. India used to be pretty good, but now it is in trouble.
Feng Yu put down the form and looked up at Tang: "I signed this contract, so can the shared car be brought back to life?"
Even if it doesn't expand, it won't give Tongpai a chance to come back to life. The world's number one finally lost, and its brand advantage is the strongest in the world. If it recovers, there will still be no problem for Bingcheng Auto in the North American market.
"Ten billion US dollars in cash is simply not enough for Tongyong Auto at this time. Tongyong Auto will definitely need assistance from the US government. According to our estimates, Tongyong Auto will need 40 billion to ensure that it does not go bankrupt. Dollars in cash. If you want to revive, you have to double that amount.”
"The U.S. government definitely doesn't have that much money. After all, there are too many companies that need to be saved, and many of them don't need much money to see actual results. What's more, Tongyong Auto still has some powerful shareholders. The U.S. government It's impossible to bail out those shareholders."
"So the 10 billion US dollars, although it seems to be a lot, is not enough for Tongyong Automobile to survive the bankruptcy period. According to our analysis, the US government will definitely take action. And it is precisely Because we have given these 10 billion U.S. dollars, the U.S. government may adjust its psychological expectations and give private cars less money, and it may be more difficult for private cars to turn around!”
Feng Yu felt particularly happy when he heard Tang's words. It has spent money to improve itself without giving its competitors a chance to stand up, and it can continue to keep the U.S. political ax as a drag.
"Okay, let's draw up a contract. Bring it over later and I'll sign it!"
Feng Yu made two phone calls and informed Taihua Holdings and Bingcheng Machinery that he wanted to acquire some businesses of Tongyong Automobile. This had been discussed before and everyone agreed.
Bingcheng Machinery Manufacturing Group cannot come up with this money, and Taihua Holdings doesn't have that much cash, so the relevant shares are going to change again.
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"We welcome Chairman Li Dafu's speech." Li Mingde took the lead in applauding.
At this time, the nameplate in front of Li Mingde had become the consultant of Bingcheng Machinery Manufacturing Group, and Li Dafu, the president, was finally elected as the chairman of Bingcheng Machinery Manufacturing Group.
"Dear colleagues, I, Li Dafu, may have joined our group company later than many others. I have made it to where I am today step by step. Thank you for your support and help. But I, Li Dafu, also have the confidence to manage our company well and lead the company into a new era. steps, allowing everyone sitting here, including every employee in our company, to earn more than before... "
"I have another good news to tell you today. Chairman Feng has just signed a contract in the United States to acquire Australia's Holden Motors as a whole, as well as some high-quality assets such as Tongyong Automobile's technology research and development centers, especially It’s some of our weaker technologies that will be greatly improved this time.”
“Last year, among the top ten car companies in the world, only our Bingcheng Machinery Manufacturing Group saw growth in sales and profits. Others, including Tongyong Automobile, which was ranked first in the world, have seen these data decline, and even Tongyong Automobile has declined. On the verge of bankruptcy, Ford Motor Company was forced to sell half of its business."
"Dezhong has closed three large factories, Crazy Field has closed two, Nissan has closed four, and Fiat has closed three branches... Each of them is laying off employees, a large number of layoffs, and the three largest factories in the United States are Car companies are the most serious, followed closely by car companies in Europe and island countries."
"Some people say that the reason why our Bingcheng Machinery Manufacturing Group's sales and profits are increasing is due to the explosive growth of our Chinese market as a whole. But our sales in China have indeed increased, but our market share is actually Declining. Our sales in Eastern Europe and India are also growing, but our market share is also declining."
"This is true in Europe, North America and other major markets. Market share can reflect the status of a company. We are the leader in China and Eastern Europe, but in other markets, it is very average."
"But since we acquired Jiebao, these have changed a lot. Now I have acquired Holden, opened a large new joint venture factory in Eastern Europe, and established a new joint venture company in India, and even In Brazil, we also have our first joint venture car company."
"Others slander us because they are jealous of us. Of course, we cannot be proud. We are still far from the top in the world."
"After acquiring the assets of Tongyong Automobile such as Holden, our annual production is expected to reach five million vehicles. According to our predictions, this data will rank fourth in the world this year. Second only to Tongyong Automobile and Crazy Field Automobile and Dezhong Motors.”
"We have surpassed car companies such as Bentian Group, Nissan, Fiat, and Hyundai that were above us before. As for Ford, BMW, Daimler, etc., we have already surpassed them last year."
Everyone clapped excitedly. Their automobile industry, Bingcheng Machinery, is really growing in a triple jump.
"In the next few years, we do not plan to acquire any brands. We want to achieve comprehensive growth in sales and profits on existing brands."
"If we count passenger cars alone, we are expected to compete for the world's number one spot within three years. But don't get too excited. Our overall profits, including profit margins, are not as good as those of many companies such as Crazy Field and Bentian."
"...These are the directions we should strive for. We should work hard in sales, profits, profit margins, market share, brand value and other aspects. The goal is the first. We have funds, technology, brains and motivation. Why? Can’t we be the first?”
"In the field of electric vehicles, we are already number one in production, sales, revenue, and profits. In terms of motorcycles, we are also number one in production, sales, revenue, and profits. In terms of agricultural machinery and tools, we are number one in Asia. This car In terms of quality, we also want to be number one, number one in the world!”
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