The First Thousand Six Hundred Ninety-Eight Chapters Are Shaken with the Same Use

"Malfoy, I'm sorry, for the time being we have no plans to continue to acquire automobile-related industries. The company still has money on its books, but we still have other businesses to acquire. Maybe in two years, it would be better for us to cooperate again. "

Malfoy was about to say something, when he heard the busy signal on the phone, he was completely stunned.

After two years? Can the same car last for two years?

Everyone had a good talk at first, we even sold the equity of China's largest joint venture company to you, now you say you don't want to talk about other things?

In this way, what should we do together?

Originally, they had sold all the shares of Modu Tongyong in Huaxia, and they got a lot of cash, which was of great help to relieve their financial pressure.

Their pension, medical insurance and so on this year are enough, and they may not need to spend on crazy mortgages, but they originally planned to sell some businesses in exchange for a large amount of cash.

Now all the plans have been disrupted, and the company is still short of money. If they want to borrow again, they may have to pay higher interest and more mortgage assets.

The Wind and Rain Holdings Group has shaken them off, making Tongyong's situation even worse.

The subprime mortgage crisis at this time became more and more serious under the rendering of the media. More and more people can't repay their mortgages, and many people even move out of the house directly, and the house is no longer there.

They would rather rent a house than repay this kind of mortgage. The house price is falling every day, and they will lose a lot on repaying the loan.

Although some real estate developers claim that real estate has not yet entered a period of low tide, and now is a good time to buy bottoms, but the few real estate developers who bought bottoms first have suffered miserably.

As a result, the default rate of real estate loans became higher and higher, and housing prices continued to fall. During this period, several real estate companies and real estate finance and credit companies went bankrupt.

Among Tongyong's financial companies, not only the default rate of housing loans has risen rapidly, but also the default rate of some car loans. More and more bad debts have appeared in their hands.

Originally, this financial company could generate billions of dollars in profits for them at least every year, and this was even under the circumstances that some loans could not be collected.

But now this company not only fails to create profits for the same use, but has become the company with the most losses.

Other subsidiaries and branch companies cannot get fund transfusion,

The original leading company also suffered losses, which made Tongyu's capital loopholes bigger and bigger.

In the first quarter of this year, they lost more than a billion dollars, but in the second quarter, it rose to several billion dollars. Judging from the current situation, the loss in the third quarter will definitely exceed 10 billion US dollars. What about the fourth quarter and next year?

When they lost money in the first quarter, they discovered the crisis and wanted to sell some assets in time to bear the risk. At the same time, they were also trying to find a way to mortgage the company to tide over the difficulties.

But I didn't expect to have a good negotiation with Fengyu Holding Group. I thought everything would pass naturally, but Fengyu Holding Group suddenly gave up the plan to acquire their business.

Malfoy had already indicated that some conditions could be compromised, and the maximum compromise could be made, but Ralph didn't talk to them at all.

Of course Malfoy knew why, because Fengyu Holding Group had acquired enough car business from Foote.

It seems good to continue to acquire and expand, but Tongyong is a counterexample. Sometimes there are too many brands and the scale is too large, but it is a burden.

This will greatly reduce the company's ability to resist risks, and the capital chain may break at any time.

In this crisis, Foote was ahead of Tongyong. Tongyong did not expect that Foote sold all three excellent brands at such a low price, and even donated three factories in North America.

But I have to admit that if it is the same use as the current one, I will choose the same way. Suffering a little loss can preserve the foundation of the company.

Now Tongyong wants to sell its business, but no one cares about it. The reason is that the labor cost for the same use is too expensive, and no other enterprise can afford it.

Seeing that Ford's business, which is also one of the three largest automobile companies in the United States, has shrunk by less than half, Colesle was repurchased by a consortium of more than 80% of its shares and returned to the embrace of the United States. awful.

Although they also sold Huaxia's shareholding in Magic City, it didn't help the matter at all. This amount of money can't fill the loopholes at all for the current users.

Since they raised the review standards for car loans, their car sales have fallen sharply, which has created a backlog of their products.

But if the standard is not raised, then I worry that more car loans will not be repaid at all and become bad debts.

This puts Tongyong in a dilemma. Even if they have stopped the real estate credit business, they can't stop the car credit business.

So what business does this financial credit company have left, and where does the income come from?

But Tongyong can't stop the factory now, let alone shut down the factory, otherwise those employees will definitely go on strike. If those employees go on strike, the losses will be even greater.

...

"Boss, I've already told Tongyong that we won't consider acquiring any of Tongyong's asset business in a short period of time. I think Tongyong will definitely regret that it didn't agree to our conditions at the beginning!" Ralph said with a smile.

If Tongyong had agreed at the beginning, Fengyu Holdings would have acquired some of Tongyong's businesses.

It's a pity that Tongyong thought they were the world's number one car company at the beginning, with their heads held high, some conditions were determined not to be relaxed. Now, have you tasted the bad results?

Feng Yu's fingers kept beating on the table, he was recalling the end of the same use in his previous life. But now it seems that the same use will become even worse.

"Well, no matter what conditions Tongyong offers, don't agree, even if they give it away for nothing!"

Ralph didn't understand, if the other party really offered a very good offer, wouldn't they not want it? That will be of great help to the boss in expanding his global car business.

Didn't the boss say that he wants Bingcheng Machinery Manufacturing Group to be the largest in the world?

Although he doesn't know what the boss thinks, but what the boss says is his highest standard, and he will definitely obey it.

In fact, Feng Yu still likes some of the businesses that he uses, and the acquisition will indeed greatly promote his car kingdom.

But the acquisition is not cost-effective now, which is equivalent to bankruptcy. Wouldn't it be good to talk about it at that time? Even if they can't receive it at that time, when Tongyong goes bankrupt, it is also a time for them to expand rapidly.

Maybe at that time, we can also acquire some businesses of Crazy Field and Dezhong, which would be even more perfect!

... (To be continued.)