Chapter 1680 Find Someone to Advance Payment (2/5)

This time the subprime mortgage crisis has been exposed, and many media are publicizing that this time it will affect too many financial credit companies. Foote's auto credit business has naturally been greatly affected.

The three major car companies in the United States, Tongyong, Ford, and Coles, all have their own auto credit companies, but Tongyong is the largest at this time.

The cost of Foote is also relatively high, but it is still much worse than the same use. Moreover, Ford only has a few brands, such as Ford, Lincoln, Jiebao, Land Rover, Volvo and Mazida.

In terms of brand management, it is much better than the same use. The reason why Foote was able to survive the difficulties in the previous life was that they sold the rest of the brand business and only retained the most basic two brands of Foote and Lincoln.

Foote's brands are sold, and they all make money. It's not like using them at the same time. Many brands want to sell but can't sell them in the end.

Feng Yu actually likes the brand under Foote more. This asset is much higher quality than the assets under Tongyong. Of course, the price is also much more expensive.

As for Kelaisi, there are also brands that Feng Yu likes, such as Dodge and Jeep. At the beginning, Colesle cooperated with Daimler, the parent company of Benchi, and merged into Daimler-Cresle on an equal footing. However, the Coresle brand is suffering serious losses at the moment, and it will definitely be the same as in the previous life. Le company dumped.

At present, there is already a consortium in the United States that is interested in Keleiser, especially the credit company under Keleisle. They believe that this company is currently making good profits and will seize the auto credit business market.

So Kelesle was directly given up by Feng Yu, and he now ordered Ralph to focus on the two car companies Tongyong and Ford.

Others don't know, but Ralph knows very well that Fengyu Holding Group doesn't have that much cash at all, and it can't even come up with 10 billion US dollars.

Because the cash obtained from selling the shares of those subsidiaries has been transferred away by Feng Yu in the form of dividends. If it is possible to acquire one brand, it is very difficult to acquire two brands. As for the acquisition of so many, it is impossible!

If it is successful, it will be merged into Bingcheng Machinery Manufacturing Group, then Bingcheng Machinery Manufacturing Group will become the world's top five car manufacturers, with an annual production and sales volume of more than five million vehicles!

Of course, the funds that need to be spent are also a huge amount.

It is conservatively estimated that if these are all acquired, it will definitely exceed 20 billion US dollars!

Foote's eo has indeed come, talked to Ralph, and indeed plans to sell its brand business,

But absolutely do not sell their shares in car rental companies, credit companies, and Huaxia joint venture car companies. These are strategic investments and must not be sold!

But the shares of Mazida, the shares of Jiebao, Land Rover, and Volvo can all be sold, but they have not said that they will sell the entire brand business.

These brands of Foote are not originally American brands, but belong to European brands. When Foote acquired them, they carried out an asset reorganization and cleared out many non-performing assets, which can greatly Reduce the burden on.

At this time, Feng Yu needed to think of a way.

Among them, the Tata Group, which is seeking to expand its business, is a good ally. In its previous life, it was indeed Tata Motors, which acquired the two brands of Jiebao and Land Rover.

And there is another ally, that is, state-owned assets!

...

"What did you say, what do you mean, we can acquire the business of these big car brands in Europe and America?" Zhang Ruiqiang asked in surprise.

This is great news! What a face for a Chinese auto company to acquire a U.S. auto company.

"Why not? There is a lot of money in the state-owned assets right now, including some pensions and so on. Why can't these be used for investment? Isn't it good to rely on dividends to pay pensions in the future?"

"Of course, it doesn't matter if the country is not interested. I have acquired all of these, and India's Tata Group is also an important partner of mine. They are also very interested."

Feng Yu has known for a long time that domestic car companies want to really go out. For example, last year, Modu Automobile acquired British Mingjue Automobile, trying to enter the European market. Of course, you can also get some good technology from Mingjue Automobile.

This step, in the previous life, created a precedent for overseas acquisitions of Huaxia Automobile, but it is not counted in this life. After all, Bingcheng Machinery Manufacturing Group acquired some small automobile factories overseas two years ago.

So Feng Yu took the initiative to find Zhang Ruiqiang this time, and he was sure that his superiors would not refuse.

Besides, Feng Yu didn't cheat them. The state-owned assets will be high-quality assets at that time, so it can be considered that the fat and water have not flowed into the field of outsiders.

Zhang Ruiqiang felt that this matter must be weird, how could Feng Yu take the initiative to give up the benefits?

"Just tell me, what conditions do you have?"

Feng Yu "..."

So obvious?

"Okay, then I'll be blunt. There are many assets worth acquiring. Among them, I need some factories in Europe and North America, as well as some of these technologies. As for the brand, I only need one, and the others can be given to you."

"As for what I paid, one is to give state-owned assets the opportunity to acquire these top auto brands. In addition, I will try my best to restructure these assets, remove some non-performing assets, and hand over high-quality assets to you."

"Of course, it will definitely take some time, but it will not exceed a year at the longest. And I will let the state-owned assets take back some shares in joint venture car companies. This is something that the higher-ups have been thinking about for a long time, right?"

Zhang Ruiqiang frowned even deeper, this is not right, it sounds like Feng Yu paid a lot, and the state-owned assets took a lot of advantage.

Although Feng Yu is more patriotic, but all the benefits are given to the country. It seems that he is not such a person, right? There must be hidden conditions that Feng Yu didn't mention.

"Do you have other conditions? Can't you finish it in one breath? And the asset restructuring you mentioned will take a year. Why is it so long?"

"There is no other condition, that is, the state-owned assets will pay first for this money, and I will pay for it after the reorganization is completed. Of course, I will pay interest."

In fact, this is Feng Yu's purpose. In one year, Feng Yu's funds have also slowed down. Now Feng Yu's plan is that the state will pay all the money first, and then Feng Yu will return it later, so that Feng Yu can borrow state funds. The funds have been turned over.

As for the brands that were given up to the country, Feng Yu himself did not intend to eat them all. Multi-brand management is fine, but too many brands would be cumbersome.

Zhang Ruiqiang understands that Feng Yu doesn't want to take money now, but also wants a brand. But he also knows what Feng Yu's funds are doing at this time.

It is also because of Feng Yu's guidance that the overseas financial investment of state-owned assets has made a lot of money in the past few years, and this time they escaped from the US stock market in time to avoid losses.

"Okay, this matter can be operated, you wait for my news!"

...