Chapter 1676: Trouble with the Same Car (8/10)

New Century Financial Company has finally embarked on the path of the previous life, and this has set an example for other similar companies, that is, the company will go bankrupt, and the government will find a way to take over.

In the previous life, it was not the New Century Financial Company which was taken over by the Liangfang Group, but it has changed in this life, perhaps because the negative news in this life is more intense than in the previous life, and other companies are no longer afraid to take over.

The two Fangfang Group not only took over the New Century Financial Company, but also took over many similar companies. Of course, specific negotiations are still in progress, and these negotiations are mainly to protect the interests of those investors.

This investor does not refer to those who bought stocks or bonds in the financial market, but those big shareholders. As for those small investors, they have no time to pay attention to them.

But at this time, Feng Yu didn't pay attention to Liangfang Group. Even if such a large company wants to go bankrupt, it will take a certain amount of time.

Feng Yu just arranged for Ralph and others to continue digging into the negative news of those small real estate finance companies, making the subprime mortgage crisis more violent and making the two housing groups deeper and deeper.

If China and Fangfang only took over one or two companies, perhaps this crisis would have survived. However, as the saying goes, don’t worry about inequality, but worry about inequality, which is also applicable in the United States.

It can’t be said that the U.S. government has ordered the two Fangfang Group to help the relatively large New Century Financial Company, and then ignore the life and death of other real estate financial companies, right?

In this way, Liangfang Group will slowly fall into the predicament of boiling frogs in warm water. By the time they react, the non-performing assets have already become too big.

At this time, Feng Yu was staring at the same car in the United States, which is still the world's number one car group at this time.

In the previous life, because of the subprime mortgage crisis, Tongyong also fell into bankruptcy. In the end, it was the governments of the United States and Canada that made Tongyong start again. Tongyong also made many choices for this, such as selling Lose shares in Huaxia's joint venture company, etc.

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"Mr. Malfoy, Fengyu Holding Group is very sincere. Your company is currently in deep debt crisis. Selling the shares of the Huaxia joint venture company to us can greatly relieve your pressure."

"And no company has such ample cash reserves as our Fengyu Holding Group. They can at most pay part of the cash, and then either give some stocks, or pay in stages. This will not solve the problem for you at all."

"If your company is willing, you can also sell some of its brand assets to us at the same time. This will also reduce your expenses and will greatly help you reduce losses."

Ralph crossed his legs, with a confident smile on his face.

What the boss said was indeed correct, Tongyong Automobile, the number one car company in the world, had a problem. Otherwise, he wouldn't have asked someone to give him a little hint, and the president of the other party would have come to the door himself.

"Ralph, China is the most important car sales market we have developed in the new century. China is also the market we are most optimistic about and the fastest growing. In order to enter the China market, we did not hesitate to accept very harsh joint venture conditions, and we It also ranks first in terms of production and sales among China's joint venture vehicles."

"We never planned to sell this share, and that joint venture has been making money."

Ralph interrupted Malfoy: "You mean, only businesses that are losing money will be considered for sale? Then why should we buy it? You need cash to save other businesses now. Anyone can do such a thing as dumping burdens. But no one wants to take it.

"

"Although our Fengyu Holding Group is rich, we are not fools. And to put it bluntly, Bingcheng Machinery Manufacturing Group, a subsidiary of our boss's other company, is the largest automobile manufacturing company in China. The production and sales volume is less than a quarter of that of the Bingcheng Machinery Manufacturing Group, and there are also joint venture car companies from Volkswagen and Crazy Field in Shanghai, as well as Shanghai's own brand and so on."

"But all of you together are not as good as Songjiang Automobile, not to mention that Bingcheng Machinery Manufacturing Group also has two sub-brands such as Dongfang Shenlu and Little Elf. Believe it or not, we don't need anyone else's help , With the Bingcheng Machinery Manufacturing Group alone, can your production and sales decline this year?"

A trace of anger flashed across Malfoy's face, this Ralph is too arrogant, what does this mean, if we don't sell, you won't be able to suppress it?

It is a joint venture car company, and Huaxia state-owned assets account for two-thirds of the shares. Feng Yu dares to suppress Huaxia's car companies, isn't he afraid that Huaxia government will make trouble?

But if it's a normal commercial competition, they can't say anything. And once Feng Yu really does this, the same car will be even worse.

As Ralph said, it's not that no one has taken a fancy to the shares of the joint venture car company they are using in China, but the other party really can't come up with too much money and wants to use some stocks and staged payments to buy it. How?

Tongyong wanted cash to help the head office tide over the difficulties. Huaxia's shares were profitable in themselves. Although the staged payments and stocks seemed to be a lot, they didn't help.

They also knew that the Fengyu Holding Group had enough cash now, so they took the initiative to find them. As for the possibility of increasing the strength of competitors, they have also considered this situation, but there is really no other way.

Moreover, what they plan to sell are all non-US local brands, that is, to ensure that the North American market will not be lost. Coupled with their increased market share in South America, they can still ensure that they are one of the best car companies in the world.

"Mr. Ralph, there are other companies that want to acquire the shares of our Huaxia joint venture car company. We don't have only one choice."

"Of course, it seems that we should give priority to Fengfeng Holding Group for the time being, but it is not absolute. As for the acquisition of our other sub-brands, it is not impossible to talk about it. We are also interested in selling shares in some sub-brands, and even Including some wholly-owned sub-brands."

"Well, I'll prepare a catalog for you, which one do you like, you can contact me."

Ralph smiled: "Don't be so troublesome, you have nearly 30 brands under the same car, and we can't see many of them. I also prepared a catalog, which we intend to acquire. Take a look. Look, come back and answer me."

Malfoy was stunned, what do you mean, could it be that the Fengyu Holding Group has long wanted to acquire the brand of their shared car? Tongyong has always been the number one car company in the world. How do they know that Tongyong is in financial trouble?

Malfoy took a deep look at Ralph, then left with the directory.

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