Chapter 1929 Li Dafu Assumes New Post

Just after Feng Yu had lunch in the office, Tang came in and reported that Tongyong agreed to their quotation and was willing to pay reasonable assets.

Feng Yu took a quick glance at the form, and found that the value of the Holden car was the highest, and then there was a technology research and development center in the United States, including some patent ownership, which was sold out to Feng Yu.

Finally, there are some technical patent authorizations, and there are two factories in Europe, which mainly produce spare parts and take into account the technical research and development of spare parts.

According to the asset assessment given by Tang, although he has some debts, these assets are worth about 13 billion US dollars, but only 2.7 billion US dollars in debt, which is better than Feng Yu expected.

It’s just that Huaxia’s equity in the joint venture company is firmly refused to sell. They have already lost the South Korean market. If they sell all the shares in Huaxia’s joint venture factory, they will have no development potential in Asia.

Although there is still a joint venture factory in Nanyang, the output is too low, and the sales volume is also very poor. The island country has no turn to talk to car companies from other countries. India was not bad at first, but now it is not good at the top of the tower.

Feng Yu put down the form and looked up at Tang: "I signed this contract, so can the same car be brought back to life?"

Even if it does not expand, it cannot give the same car a chance to come back to life. The world's number one finally lost, and the brand advantage is the strongest in the world. If it recovers, there will still be no Bingcheng Motors in the North American market.

"Ten billion US dollars in cash is simply not enough for Tongyu at this time. Tongyu will definitely need assistance from the U.S. government. According to our estimates, Tongyu needs 40 billion dollars to ensure that it will not go bankrupt." Cash in U.S. dollars. If you want to revive, then this money will have to be doubled."

"The U.S. government definitely doesn't have so much money. After all, there are too many companies that need to be saved, and many of them don't need much money, so they can see actual results. What's more, Tongyong Automobile still has some powerful shareholders. The U.S. government It’s impossible to bail out those shareholders.”

"So the tens of billions of dollars given out may seem like a lot, but it is not enough to make them survive the bankruptcy period. According to our analysis, the U.S. government will definitely make a move. And it is precisely Because we have given this tens of billions of dollars, the U.S. government may adjust its psychological expectations and give less money to shared cars, and it may be more difficult for shared cars to turn over!"

Feng Yu was extremely happy when he heard Tang's words. Spending money, improving oneself, without giving competitors a chance to turn around, and still keeping a bottle of oil for the US government, it really serves multiple purposes.

"Okay, let's draw up the contract, bring it over later, and I'll sign it!"

Feng Yu made two phone calls and notified Taihua Holdings and Bingcheng Machinery that he wanted to acquire some business of Tongyong Automobile. This was discussed before and everyone agreed.

The Bingcheng Machinery Manufacturing Group cannot afford this money, and Taihua Holdings does not have so much cash, so the relevant shares will have to be changed.

...

"We welcome Chairman Li Dafu to speak." Li Mingde took the lead in applauding.

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

"Dear colleagues, I, Li Dafu, joined our group company. I may be later than many people. I have come to today step by step. Thank you for your support and help. But I, Li Dafu, also have the confidence to manage our company well and lead the company to a new era. Let everyone here, including every employee in our company, earn more than before..."

"Today I have another piece of good news to tell you. Chairman Feng has just signed a contract in the United States to acquire Australia's Holden Motors as a whole, as well as some high-quality assets such as the technology research and development centers of Tongyong Motors, especially It’s some of our weaker skills that will be greatly improved this time.”

"Last year, the top ten car companies in the world,

Only our Bingcheng Machinery Manufacturing Group’s sales and profits are growing. Others, including the same car that ranked first in the world at the time, these figures are declining. Even the same car is on the verge of bankruptcy. Half of Ford Motor’s business has been shut down. Forced to sell. "

"Dezhong closed three large factories, Crazy Field closed two, Renault Nissan closed four, and Fiat closed three branches... Each of them is laying off employees, a large number of layoffs, and three in the United States. Big car companies are the most serious, followed by car companies in Europe and island countries."

"Some people say that the reason why our Bingcheng Machinery Manufacturing Group's sales and profits are increasing is due to the explosive growth of our China market as a whole. But our sales in China have indeed increased, but the market share is actually Declining. Our sales in Eastern Europe and India are also growing, but our market share is also declining.”

"This is the case in Europe, North America and other major markets. Market share can reflect the status of a company. We are the leader in China and Eastern Europe, but in other markets, it is very average."

"However, since we acquired Jiebao, these things have been greatly improved. Now I have acquired Holden, and I have also opened a new large-scale joint venture factory in Eastern Europe, and established a new joint venture company in India. In Brazil, we also have our first joint venture car company."

"Others slander us, that's jealousy of us. Of course, we can't be proud, we are still far from the top in the world."

"After acquiring the assets of Holden and other equivalent vehicles, our annual output is expected to reach 5 million units. According to our forecast, this figure can be ranked fourth in the world this year. It is second only to equivalent vehicles and Crazy Field Motors. And Dezhong Automobile."

"We surpassed the Benta Group, Renault Nissan, Fiat, Hyundai and other car companies that were above us before. As for Ford, BMW, Daimler, etc., we surpassed them last year."

Everyone applauded excitedly. The automobile industry of their Bingcheng Machinery is really growing in a triple jump.

"In the next few years, we don't plan to acquire any brands. We want to achieve overall growth in sales and profits based on existing brands."

"If passenger cars are only counted, then we are expected to compete for the world's number one position within three years. But please don't get too excited. Our overall profit, including profit margins, is not as good as many companies such as Crazy Field and Bentian."

"...These are the directions we should work hard for. We must work hard in sales, profits, profit margins, market share, brand value and other aspects. The goal is the first. We have capital, technology, brains, and drive. Why can't we be the first?"

"In the field of electric vehicles, we are already No. 1 in terms of production, sales, revenue, and profit. In terms of motorcycles, we are also No. 1 in production, sales, revenue, and profit. In terms of agricultural machinery, we are No. 1 in Asia. This car On the other hand, we also want to be number one, number one in the world!"

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