Extraordinary Genius

1924. Chapter 1924 Chapter Li Dafu

Feng Yu had just used lunch in the office. Tang came in and reported that General Motors agreed with their offer and was willing to pay reasonable assets.

Feng Yu took a brief look at the table. Horton Car had the highest value. Then there was a technology research and development center in the country, which included some patent ownership and sold it to Feng Yu.

Finally, there are some technical patent licenses, as well as two factories in Europe, mainly producing spare parts, taking into account the technical research and development of spare parts.

According to Tang’s asset evaluation, although some debts are carried, these assets are worth about one million dollars, but only $2.7 billion in debt, which is better than Feng Yu expected.

It’s just the equity of the joint venture company in China. General Motors is determined not to sell. They have lost the South Korean market. If they sell all the joint venture shares in China, they will have little development potential in Asia.

Although there is a joint venture factory in Nanyang, the output is too low and the sales volume is very poor. Japan is not able to speak to other countries’ car companies. India was not bad, but it is now not allowed by Tata.

Feng Yu put down the form and looked up at Tang: “I signed the contract, so can General Motors be able to get back to life?”

Even if it doesn’t expand, it can’t give General Motors a chance to return to life. The world’s first best is not easy to lose, the brand advantage is the strongest in the world, in case of recovery, then the North American market is still no Bing City car anything.

“The $10 billion in cash is not enough for General Motors at this time. General Motors definitely needs the assistance of the Government of the United States. According to our estimates, General Motors guarantees that it will not go bankrupt and will require $40 billion in cash. If you want to revive, then the money will have to double.”

“The country has absolutely not had that much money. After all, there are too many companies that need to be saved, and many of them need less money to see the actual results. Moreover, General Motors still has some powerful shareholders, and the Government of the United States cannot help. Those shareholders are getting out of trouble.”

“So this $10 billion is given, although it seems to be very much, but for General Motors, it is not enough for them to survive the bankruptcy period. According to our analysis, the Government of Mexico must take action. It is precisely because We have given this tens of billions of dollars, and the country government is likely to adjust its psychological expectations, giving General Motors less money, and General Motors may be harder to turn over!”

Feng Yu heard these words from Tang, and he was very happy. After spending money, improving myself, and not letting competitors have the opportunity to turn over, they can continue to keep a drag bottle for the Government of the United States.

“Okay, draw up the contract, take it later, I will sign it!”

Feng Yu made two calls and informed Taihua Holdings and Bing City Machinery that he wanted to acquire some of General Motors’ business, which was discussed before, and everyone agreed.

The money, Bing City Machinery Manufacturing Group can not get it, Taihua Holdings does not have so much cash, so the relevant shares have to be changed.

……

“We welcome Chairman Li Dafu to speak.” Li Mingde took the lead.

At this time, the nameplate in front of Li Mingde has become a consultant of Bing City Machinery Manufacturing Group, and the president of Li Dafu has finally been elected as Chairman of Bing City Machinery Manufacturing Group.

“Co-workers, my Li Dafu joined our group, probably more than many people, step by step to today, thank you for your support and help. But I also have confidence in Li Dafu, manage our organization and lead the company to the new The steps so that every one of us, including every employee of our Corporation, earns more than before…”

“I have a good news today to tell you that Feng Chairman has just signed a contract in the country of the United States, acquired Australia’s Horton Car as a whole, and some of the quality assets of General Motors’ technology research and development centers, especially some. Our weaker technology will be greatly improved this time.”

“Last year, the top 10 global car companies, only our Bing City Machinery manufacturing group has increased sales and profits. Others include General Motors, which was ranked first in the world. These figures are falling, and even General Motors is on the verge of bankruptcy. Half of Ford Car’s business was forced to sell.”

“Dezhong shut down three large factories, Toyota shut down two, Thunder Nissan shut down four, Fiat shut down three branch offices… Each of them is laying off staff, a lot of layoffs, three rice countries Car companies are the most serious, and European and Japanese car companies follow closely behind.”

“Some people say that the sales and profits of our Bing City Machinery manufacturing group are growing, thanks to the explosive growth of our overall market in China. But our sales in China have indeed increased, but the market share is actually The decline. Our sales in Eastern Europe and India are also growing, but the market share is also falling.”

“This is true for Europe, North America and other major markets. Market share can reflect the status of a company. We are the leading Boss in China, but also in Eastern Europe, but in other markets, it is very general.”

“But since we acquired the Leopard, these have changed a lot. Now I have acquired Horton, I have opened a new joint venture in Eastern Europe, and a new joint venture in India, even in Brazil, we also have the first joint venture car company.”

“Others smash us, it is a jealousy for us. Of course, we can’t be proud, we are far from the top of the world, and there is still a big gap.”

“After acquiring the assets of General Motors such as Horton, our annual production is expected to reach 5 million. According to our forecast, this year we can rank fourth in the world. Second only to General Motors, Toyota car and Germany. Cars.”

“We have surpassed the previous companies such as Stupid Group, Thunder Nissan, Fiat, Hyundai and so on. As for Ford, BMW, Daimler, we have exceeded last year.”

Everyone is excited to applaud, they are Bing City Machinery’s car industry, that is the way to show a triple jump is growing.

“In the next few years, we are not planning to acquire any brands. We have to achieve an overall increase in sales and profits on existing brands.”

“If you are a passenger car alone, then we are expected to compete in the world’s number one throne in three years. But don’t be too excited, our overall profit, including profit margin, is not as good as Toyota, stupid and so on.”

“… These are the directions we have to work hard. We must work hard on sales, profits, profit margins, market share, brand value, etc., and we have the goal. We have the money, the technology, the mind, the drive, Why can’t we be the first?”

“In the field of electric vehicles, we are already the first in terms of production and sales, revenue, and profit. On the motorcycle side, we are also in terms of production and sales, revenue, profit first, agricultural machinery, etc. We are the first in Asia. This car aspect We must be the first, the world first!”

……