Extraordinary Genius

1691. Chapter 1691 swallowed half of Ford

Ford’s credit rating is declining at this time. If they don’t want to exchange cash for saving, then the business of the Corporation will inevitably become worse. Maybe it will be the same as the same use, and it will fall into the dilemma of high interest rate lending.

It is rare that such a company expresses interest in their business and can also take out cash, which is too important for them to get out of trouble.

Although the conditions of the other party are very harsh, it is not unacceptable. Compared to the quagmire, they prefer to sell some business and save their core Ford and Lin Biao.

Ford really took the initiative to find the door as they expected, and lowered some conditions.

However, Ralph is still not satisfied.

There are only three factories in North America, no more, no cheaper, unless you first dismiss the workers.

China’s joint venture Corporation shares all want it, but Ford will only give a small joint venture Corporation shares even if he makes concessions. As for the brand, Ralph said that he has to do the three brands, namely, Leopard, Land Rover and Volvo. For all the shares and interests, don’t leave a glimpse of Ford.

It also means that Ford’s other factories can no longer continue to produce the cars of these three brands.

Tata Motors also wants Ford’s high-end car brand Mercury, the Ford did not agree, let out the brand, they will be vacant in the mid-range market, after all, they are only minority shareholders.

The Leopard is the one that Feng Yu wants, and the Land Rover is the favorite of Tata Motors. Volvo is a state-owned income and is incorporated into a car company to enhance the technology of the car and enhance its international competitiveness.

There are some bad assets in it, Ralph requires all the divestiture, which Ford certainly can’t agree. They promised not to transfer the bad assets of other brands to this, but the bad assets that originally belonged to the three brands must be included.

In other words, the acquisition of all the business of the three brands, while carrying some debts and obligations.

In the past, these debts and obligations were more, so the price of the three brands sold was not high, mainly due to the misappropriation of non-performing assets.

At this time, these non-performing assets are not as high as their predecessors, so the price requested by Ford has also become higher.

The entire business of the three brands, plus the entire shareholding of a domestic joint venture Corporation, was valued at $7.4 billion and included nearly three One billion dollars in debt.

Of course, according to Ralph’s requirements, all employees of these Corporations need to re-sign the contract and sign the contract according to the requirements of Wind & Rain Holding Company. Those who have passed the assessment before re-employment, once the layoffs are made, the compensation is made by Ford and Wind & Rain. Holding Company pays on average here.

There are a lot of small details, and each one can make them argue for a long time. Because of any small detail clause, it may represent tens of millions of dollars in interest.

These negotiators also naturally have tasks, who can perform better, create more benefits for the Corporation, and then bring them a promotion or a big bonus.

……

“Ralph, how about talking?” Feng Yu lay on the lounger by the pool, basking in the sun, warm and comfortable.

“Boss, the framework has been negotiated, the details have not been reached. Mercury has not been able to win, but a joint venture Corporation in China has already included.”

“Well, as soon as possible, the longer the delay, the higher the liabilities of those organizations. The sooner you enter the reorganization mode, the sooner you can create profits.”

When it was possible to drag, the longer it was dragged, the more scarce Ford’s money was, and the more they wanted to sell these assets, the more they would be able to suppress the price.

However, the current amount of the contract has been determined. Now it is the aspect of discussing some asset details. The longer it is dragged, the more non-performing assets are in the assets that Feng Yu bought. The Feng Yu will also suffer.

Ford is also anxious, because they also want to get cash soon, so that they can save the other business of the company earlier, especially their credit organization.

In the case of both sides being anxious, both sides have also made some concessions. I will suffer some losses in this clause. You will lose some money in the next clause, in the hope that the contract will be signed as soon as possible.

The same use is still waiting for Wind & Rain Holding Company to continue to talk to them about other business, but suddenly received a message, Wind & Rain Holding Company acquired many important business of Ford.

This is the sale of the three major car companies in the country after the sale of the shares of the China Joint Venture Corporation a few days ago.

And this time it is much more important than the sale of the equity of the joint venture Corporation. Ford sells all of the three brands directly, including some of the joint ventures of some factories and China.

Ford has a total of seven brands, of which the code is only a shareholder.

This time directly sold all the business of the three brands, which is quite half of Ford’s.

Many people think that Ford’s Board of Directors is crazy, Ford’s expansion over the years will be destroyed by this sale, and Ford’s global strategic plan will be stranded again. They will further in the European and Asian markets. Shrinking, perhaps Ford’s production and sales this year, will decline several times.

However, the company used to understand Ford’s difficult situation, before Ford is like them, the continuous mortgage loan to maintain the normal operation of the Corporation.

Although the sale of all the major brands of the business, but also reduced the burden of the Corporation, but also returned a large amount of cash, this cash, maybe for Ford to weather the storm.

The media exclaimed that the Wind & Rain Holding Company Group was so rich that it just spent more than $6 billion to acquire the entire shareholding of General Motors in Shanghai, and then acquired half of the Ford car. Is Feng Yu really planning to aggressively enter the car? industry?

However, it seems that the business acquired by the Wind & Rain Holding Company group is only a passenger car, not including commercial vehicles. So, Feng Yu is going to let Corporation take the route of BMW? Specialized passenger cars and their technical research and development, without commercial vehicles, can become the world’s top car manufacturers.

This kind of acquisition is actually very difficult, not just the agreement between the companies, but also through multiple procedures. For example, when the acquisition of Jaguar, Land Rover and Volvo, it is subject to the consent of the EU, and of course, the approval of the Government of the country.

These Feng Yu are not worried, Ford will try every means to publicize and let these institutions agree.

Without acquiring these businesses, the Wind & Rain Holding Company group is a big opportunity to expand, but it is a heavy disaster for Ford Corporation.

In order to survive this difficult time, Ford has been ridiculed by many peers, saying that they have been swallowed up by the Wind & Rain Holding Company, and they have never argued.

Between half and all bankruptcy, they chose the former. As long as the Corporation can still operate normally, the Ford, a century-old car company, will be able to stand up again!

When the contract was signed, Feng Yu told Xu that he would inform the country to make a payment, and then everyone…divided these assets!