Rebirth of the Evil Life
Chapter 3846: Forced into a corner
"Lin, we finally have the result!" Clinton hurriedly reported to Lin Feng, but his face was not so pretty.
"Failed?" Lin Feng knew it without asking just by looking at Clinton's face.
"Failed! Although the EU agreed, the U.S. Department of Commerce vetoed the transaction, believing that Jessica did not have sufficient proof of assets to be able to borrow US$3.5 billion to complete the acquisition. It also believed that, Jessica was unable to lead Chrysler to revival. Chrysler is the second largest automobile manufacturing company in the United States, with as many as 260,000 employees. Chrysler's acquisition will directly affect the lives of these employees. In order to ensure the interests of these employees, U.S. Business The department denied the deal!" Clinton said helplessly.
He did not expect that even if Jessica was the main one and Goldman Sachs provided funds behind it, the US Department of Commerce would veto it. Among them, the hawkish forces hated Lin Feng deeply, and the attitude they showed was unexpected by Clinton.
"Is there any other way to remedy this?" Lin Feng was not too disappointed. This result was expected. The second largest automobile manufacturing company in the United States cannot be acquired just by wanting to acquire it.
"There is a way for Daimler-Benz to put pressure on the United States through the European Union. After all, the EU can pass the acquisition this time, which naturally shows that Chrysler is dragging down Daimler-Benz. The European Union already wants to get rid of the United States. It’s a burden. So, let the EU put pressure on the United States!” Clinton said with a smile, “I have contacted Mr. Schrempp and asked him to put pressure on the EU. I believe there will be a response soon!”
Lin Feng nodded. Pressure through the EU would be perfect. Of course, this may not necessarily work. After all, the United States will never compromise with the EU, and the world's most powerful country has never compromised.
As Lin Feng expected, Daimler-Benz put pressure on the United States through the European Union, demanding that the United States abide by the law and financial order and refrain from imposing administrative intervention. In terms of equity split, Daimler-Benz holds 57% of the shares, exceeding Chrysler's 43%, so Daimler-Benz has the right to say OK to the transaction. The US Department of Commerce's forced intervention is illegal, gross and banditry.
"This is a society governed by the rule of law. The behavior of the United States is extremely barbaric, extremely unreasonable, and absolutely illegal. When Daimler-Benz and Chrysler merged, Daimler-Benz held 57% of the shares, so Daimler - Mercedes-Benz has absolute control. Daimler-Benz has no say in handling the debts of both parties. But now, the US Department of Commerce rejects this transaction with completely unreasonable arguments. This is naked. Robbery logic. On behalf of the European Union, I firmly oppose this behavior of the United States and demand that the United States government immediately agree to this transaction. Otherwise, we will unilaterally withdraw all funds and file for bankruptcy of our subsidiary, Chrysler!" The legal adviser to the EU Ministry of Commerce expressed a strong stance.
Who is the legal adviser to the EU Ministry of Commerce? Speaking of which, she is also an acquaintance of Lin Feng and a great beauty.
Gaddafi's daughter Aisha Gaddafi. Graduated with Master of Laws. Originally, this spokesperson would not be able to turn to Aisha, but this matter involves the United States. Although the EU is extremely dissatisfied with such barbaric behavior by the United States, there is still some psychological pressure on the EU side to offend and accuse the United States. . Therefore, let Libya, which is not afraid of the United States, come forward.
Libyan President Muammar Gaddafi knows the United States well. Between the two sides, as long as Libya does not allow the United States to build military bases in the country, there will inevitably be a war. At the very least, the United States will direct other countries or instigate domestic opposition to attack Libya. Therefore, Gaddafi is not afraid of the United States. Therefore, we agreed to the EU's assignment and let Aisha be the spokesperson to accuse the United States. In exchange for Lin Feng's favor.
Aisha's speech undoubtedly caused a headache for the United States. Because these remarks undoubtedly brought the matter to light. Of course, what really makes the United States extremely angry is Aisha's threatening remarks. He actually threatened to bankrupt Chrysler. Although the second largest automobile manufacturing company in the United States went bankrupt, it didn't matter to the United States at all. Bankruptcy means bankruptcy. Chrysler is now unable to bring anything temporary to the United States. Its technology, market share, and interests cannot meet the needs of the United States. What's more, it is only the second largest automobile manufacturing company, as long as General Motors does not collapse.
But if you don't care, you won't be happy if you are threatened. When has the United States ever been so threatened? Especially a woman.
"Ms. Aisha Gaddafi please pay attention to your remarks. Regarding this transaction, we are responsible for more than 200,000 workers in our country. The main investor of this acquisition is Jessica Alba, a Hollywood actor, and other The acquisition was financed through Goldman Sachs, with future Chrysler equity as collateral. We suspect that Ms. Jessica Alba has no mature experience in managing a large automobile company. In order to protect the legitimate rights and interests of more than 200,000 workers. , it is reasonable for us to reject this deal. As for Ms. Aisha Gaddafi’s bankruptcy threat, is this the attitude of the EU, Daimler-Benz, or just the attitude of Aisha Gaddafi? !” The official spokesperson of the U.S. Department of Commerce immediately held a press conference to refute Aisha Gaddafi’s remarks coldly.
The European Union and Daimler-Benz ignored the accusations from the U.S. Department of Commerce and only began to prepare for the liquidation of the entire company. Apparently, for Daimler-Benz, stubborn Germans are now angry. Either you agree to the deal, or I declare Chrysler bankrupt. In short, our Mercedes-Benz company will never fill the hole for your broken Chrysler again.
what to do? Americans are also extremely helpless about the stubbornness and even more unreasonable behavior of the Germans. You know, Germany is the only country to have failed in both world wars. Especially in World War II, the Allies gave up resistance only after the Allies entered Berlin, unlike Japan, which surrendered directly after encountering two atomic bombs. If it were Germany, I am afraid that it would continue to resist to the end, and might even move its headquarters to China to carry out resistance. The United States can't just blow atomic bombs all over Asia.
what to do? If it does not agree to the transaction, the German company will directly declare the subsidiary bankrupt, so that it only needs the consent of the European Union before it can be liquidated. At that time, Chrysler was completely finished.
Immediately, the U.S. government immediately mobilized and held an emergency meeting to discuss how to solve the Chrysler problem. The first proposal was for General Motors to acquire Chrysler. However, after considering this proposal for a while, General Motors rejected it. The reason is simple. Once merged, GM will definitely become the largest automobile manufacturing company in North America, including the world, and it will definitely be the number one. However, GM's current situation is not very good and it is also in the red. Under the strong competition from Japan's Toyota in North America, General Motors has also been in a state of loss. Now coupled with Chrysler, which is losing even more, General Motors is afraid that it will be dragged down by Chrysler before its restructuring is completed.
As for other companies, there are also those who want to take over. However, when they saw Chrysler's huge debt of tens of billions of losses and whether there was any improvement in the future, these companies retreated. No one wants to spend money to buy something that loses money. Money is not blown down by strong winds. As for the U.S. government's bailout, Chrysler's shareholders are a little unhappy. Chrysler is no longer good, Toyota is too powerful, small Japanese cars are too cheap, and the appearance is good-looking, so many Americans choose Toyota as the first brand when buying cars. In this case, the American government will inject more capital and let the If they are in debt, then they will lose more. After this, I'm afraid it won't be sold at the current price.
Therefore, Chrysler's shareholders are not willing to inject more capital from the United States. It is best to let a company or individual take over. As for bankruptcy, they are not willing to do so. Bankruptcy means they can't make any money. If a company takes over, at least the stocks in their hands will still be worth some money.
Faced with this situation, the U.S. Department of Commerce is also having a headache. What should I do? Chrysler is no longer willing to continue operating, and no company in the United States is willing to take over and sell it to Lin Feng, absolutely!
Just when the US government was having a headache, something happened again. More than 100,000 Chrysler workers in Detroit took to the streets to collectively protest against the imposition of intervention by the U.S. Department of Commerce. They called for the U.S. Department of Commerce to agree to the acquisition. And claimed that since this is related to their vital interests, they should make the decision. Instead of letting those in the U.S. Department of Commerce who have nothing to do with their own vital interests and insignificant decisions to decide their fate. In the name of the union, they agreed to the acquisition. If the US government does not approve this transaction, then they will sue the US government in the name of the United States!
This time, the fun got even bigger. No one expected that these workers would stand up and express their support for this acquisition. This was obviously beyond the expectations of everyone outside. This directly dumbfounded the US Department of Commerce. Of course, they were dumbfounded. The European Union and Germany's Daimler-Benz would be happy. Good thing, this is definitely a good thing! !
"The American workers in Detroit made their decision from their own perspective. I hope that the American government can respect the law, respect the laws of the market, respect the rights of workers, and agree to this deal. Otherwise, both sides will lose in the end. And In the end, the only ones who will be really hurt are these workers!” Aisha Gaddafi spoke again.
**! The U.S. Department of Commerce cursed. This drives them into a corner. (To be continued...)
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