Rebirth of the Financial Crisis Sweeping the World

Chapter 424 424 Take down the global auto giant! Shock the world!

Wang Guanxi didn't expect that Bill Ford's mouth was still so hard.

It's all so miserable, and talk about family glory!

So Wang Guanxi said: "Mr. Bill Ford, now the Ford Motor Company and the Ford Family Foundation are facing collapse. Even if you firmly control the Ford Motor Company, if your Ford Family Foundation is finished, then you still have What glory are you talking about?"

This Bill Ford, who has lost so much money on the Dow Jones Index, is in debt, and wants to keep control of the Ford Motor Company, is simply stubborn.

Still expecting the Dow to continue to rise?

Then the Ford Family Foundation returned blood?

How naive, thinking of this, Wang Guanxi continued: "Mr. Bill Ford, in fact, you don't have to be so stubborn, you sold me the control of Ford Motor Company, you are still the honorary chairman of Ford Motor Company, you Ford Members of the family can still serve as senior executives of Ford Motor Company”

Bill Ford smiled inwardly, and directly refused: "Mr. Wang, I can't sell the control of Ford Motor Company. This is the century-old glory of the Ford family. Even if it goes bankrupt, I will not sell the control. !"

He really couldn't figure it out, can't Wang Guanxi buy other car companies?

They've got their eyes on the Ford Motor Company!

This is the glory of the Ford family, and he will not sell it.

Although Ford Motor Company, like General Motors and Chrysler, was facing bankruptcy, he tried his best to save Ford Motor Company.

He believes that he will be able to survive this crisis. As for the loss of the Ford Family Foundation on the Dow Jones Index, he also believes that he can bear it.

Thinking of this, he added: "Mr. Wang, the Dow Jones Index must have bottomed out, and the area between 7000 and 7100 is the bottom."

It turned out that the Ford Family Foundation, Soros Quantum Fund, Feld Group, and Macy Family Trust Fund all blocked Wang Guanxi when the Dow Jones Index was at 8400.

Unexpectedly, the economic stimulus plan announced by the Ministry of Finance was far less than expected, and the Dow Jones Index plummeted by 500 points.

And it's not over yet, and now it has plummeted to the 7100 position.

On the way, he also increased his position by 100,000 lots, lowering the average position of opening a position, but the Dow Jones Index kept falling, and now it has fallen to the 7100 position.

The Ford Family Foundation holds 200,000 long positions in the Dow Jones Index, with an average opening position of 8,100, and a floating loss of 2 billion US dollars on the book. It is heavily in debt, which is terrible.

But he believes that the Dow Jones Index will definitely not go down.

After all, it has fallen by so many points, and it must have bottomed out. With the implementation of the economic stimulus plan, I believe the economy will improve soon, and the stock market will also rise.

Thinking of this, he continued: "Mr. Wang, these long positions on the Dow Jones Index I hold can turn from a floating loss to a floating profit within a month. What am I worried about?"

Bill Ford's tone was very confident and tough, which made Wang Guanxi stunned, and then said: "Mr. Bill Ford, I think you should think twice, you are too desperate, if you stop the loss now, there is still time, otherwise, Ford It's not good for a family foundation to go bankrupt"

Bill Ford was very unhappy, and he laughed: "Mr. Wang, you don't have to worry about it. I believe the Dow Jones Index will definitely not go down. Maybe in a week, the Dow Jones Index will rise to 8,000."

Wang Guanxi smiled and said: "Bill, Mr. Ford, you are too optimistic. Now that the economic crisis is getting worse and the financial system is still collapsing, your long positions on the Dow Jones Index will definitely go bankrupt. The Ford Family Foundation is insolvent, right?" ?”

Bill Ford heard that Wang Guanxi said that his account would go bankrupt, and he was very angry. He took a deep breath, suppressed his anger and said, "Mr. Wang, you still worry about whether a Macy's will go bankrupt, especially If Macy's went bankrupt, then Huntington Bank and Fifth Third Bank were dragged into the water, and then went bankrupt as well, that would be bad."

Wang Guanxi smiled and said: "Mr. Bill Ford, Macy's will not go bankrupt. My Huntington Bank and Fifth Third Bank have provided Macy's with a loan of 1.5 billion dollars. Macy's is not will go bankrupt"

This time, the Ohio State Department of the Treasury bought $3.5 billion in preferred shares of Huntington Bank and Fifth Third Bank, with a fixed dividend of 8% per year. In this way, Huntington Bank and Fifth Third Bank received $3.5 billion in funds for Macy’s A department store loan of $1.5 billion is virtually stress-free.

Moreover, Macy's department store obtained this loan, and it is still stored in Huntington Bank and Fifth Third Bank. As long as Macy's cash flow does not continue to decrease and can be stabilized, then Huntington Bank and Fifth Third Bank will not lose 1.5 billion USD cash deposit.

It's very safe, Wang Guanxi won't worry at all.

Bill Ford asked: "You two banks got bailout money from the government?"

Speaking of this, Bill Ford felt a little envious. The Ohio State Department of Treasury bought the preferred shares of Huntington Bank and Fifth Third Bank for US$3.5 billion, and did not take away the management rights, but only supervised asset changes.

The Ford Motor Company is different, it needs huge funds, and the Michigan Treasury Department doesn't have that much money to bail out the Ford Motor Company.

Moreover, in Michigan, there are two major automobile companies, General Motors, Chrysler Motors, and many auto supporting companies, all of which need assistance. The Michigan Treasury Department doesn't have that much money at all.

General Motors and Chrysler Motors all went to the U.S. government for bailouts.

However, in order not to lose control of Ford Motor Company, Bill Ford did not ask Ford Motor Company to ask the U.S. Treasury Department for rescue. Instead, he issued bonds and borrowed money in the financial market. Huge debts can overwhelm everything.

At this time, Wang Guanxi nodded: "Yes, my two banks have received 3.5 billion US dollars in bailout funds, and the Ohio State Treasury Department has bought 3.5 billion US dollars in preferred shares. After obtaining this fund, I will let Huntington Bank Fifth Third Bank loaned Macy's 1.5 billion dollars. You must know that Macy's cash flow is very large. After Macy's gets out of the predicament in the future, it will bring a lot of cash deposits to the bank."

Bill Ford laughed: "The cash flow of Macy's is short-term. Haha, after a month, Macy's will have to pay employees, and Macy's will only keep losing money. Less than payout, vicious cycle, can't repay the loan, both of your banks will be brought down"

Wang Guanxi smiled and said: "Mr. Bill Ford, I believe that Macy's revenue will soon be equal to or even exceed expenditure, and Macy's employees will all open Huntington Bank, Fifth Third Bank's salary card, and then When the salary is paid, it can be directly transferred to the salary card, isn’t the cash deposit still in Huntington Bank and Fifth Third Bank?”

When Bill Ford heard this, he chuckled: "You should still pray that Macy's doesn't go bankrupt. It will go bankrupt by then, not only Macy's, but also Huntington Bank and Fifth Third Bank!"

Wang Guanxi smiled and said: "Mr. Bill Ford, my Macy's, Huntington Bank, and Fifth Third Bank will all get better and better. You should think about Ford Motor Company and whether the Ford Family Foundation can carry it on!"

Bill Ford said, "You don't need to worry about it. I'm not selling Ford Motor Company stock."

Wang Guanxi smiled and said: "It's still the same sentence, 5 times the market price, you can call me anytime you figure it out."

Bill Ford said, "Mr. Wang, I don't think I'll ever make this call in my life."

"Really? Well, let's wait and see." Wang Guanxi smiled and said, "Let's see if the Dow Jones Index will fall below 7000."

"Haha, let's wait and see, I don't believe it can fall below the 7000 position!" Bill Ford said indifferently.

After finishing the call, Bill Ford shook his head.

Although he is under a lot of pressure now, he firmly believes that the Dow Jones Index has bottomed out.

Of course, if it falls another 110 points, the Ford Family Foundation will have to liquidate its position.

If the position is liquidated, the Ford Family Foundation will be insolvent!

Thinking of this, Bill Ford shuddered.

The outbreak of the financial crisis caused the financial stock assets held by the Ford Family Foundation to shrink severely. The stock prices of many listed companies fell by more than 90%, such as American International Group, Citibank, Bank of America Corporation, and Fannie Mae. Freddie Mac.

Because of the severe asset loss of the Ford Family Foundation, Bill Ford planned to trade Dow Jones Index futures, but he did not expect to be caught with 50,000 lots.

Then, with Soros, Feld, Milos Messi and others, they once again bought the Dow Jones Index and blocked Wang Guanxi's black shirt investment bank.

At that time, the Dow Jones index rushed to the 8450 position and almost won.

Unexpectedly, the economic stimulus plan released by the Ministry of Finance fell short of market expectations, the Dow Jones Index plummeted, and then he continued to increase his position by 100,000 lots.

As a result, the Dow continued to plummet.

Holding 200,000 long positions on the Dow Jones Index, all of them were trapped.

Now he is feeling powerless.

"I hope the Ford Motor Company and the Ford Family Foundation can survive this time"

At this time, his sister Laura Ford came, "Brother, now it's not just the Ford Motor Company's problem, the Ford Family Foundation is going to be finished!"

"Fifth Third Bank asked our family foundation to repay the $500 million loan immediately. The credit managers of Citibank, Wells Fargo and Bank of America said you couldn't get through, so they called me on my mobile phone. Some suppliers of Ford Motor Company also Email is coming"

This time, too, the people at Macy's put pressure on her to persuade her brother, Bill Ford, to sell control of Ford Motor Company.

Otherwise, Macy's might consider finding a new supplier in Michigan.

Although she is also a member of the Ford family now, the wealth inheritance of the Ford family is all through the family foundation, and the family foundation has the right to speak in the hands of her brother Bill Ford.

The Ford Family Foundation, on the other hand, only holds 3.3% of the shares of Ford Motor Company, and receives pitifully little dividends every year. Only family members hold important positions and receive salaries.

But Ford Motor Company is about to go bankrupt, the stock price has fallen so badly, and others bought the control of Ford Motor Company at 5 times the market price. She really hopes that her brother can sell 40% of the control rights of Ford Motor Company!

"Brother, let's just sell 40% of the control of Ford Motor Company. In this way, the Ford Family Foundation will not be insolvent!"

Bill Ford rejects: 'It's impossible to sell control of Ford Motor Company, that's the pride of our family, I'm not selling it to anyone'

Now he is very irritable inside, especially this sister is always telling him to sell the control of Ford Motor Company, which annoys him the most.

That is the honor of the Ford family, it is impossible to sell!

Laura Ford added: "But Ford Motor Company is going bankrupt now, and the stock price has fallen like this. If you sell it earlier, you can cash in a lot of cash and save the Ford Family Foundation"

Bill Ford said firmly: "I will not sell it. This is my bottom line. I will never sell the control of Ford Motor Company until my death!"

Seeing that Bill Ford was so persistent, Laura Ford sighed and didn't know what to say.

She thought for a while and said, "Brother, the family foundation is the most important thing now. The Ford Family Foundation needs money now. How do you get it?"

"So many creditors have come to press for debts. Is our Ford Family Foundation insolvent?"

Bill Ford said: "Temporarily insolvency, when the Dow Jones index soars, it will not be."

Laura Ford sighed; "Look at you, you have made the Ford Family Foundation insolvent, how did you invest?"

Bill Ford said, "I didn't know there would be a financial crisis. Now that the stock prices of Citibank, American International Group, and Bank of America have fallen so badly, I can't help it."

The Ford Family Foundation has long held the stocks of Citibank, American International Group, and Bank of America Corporation, but these stocks have shrunk by more than 90% due to the sharp drop in stock prices. He is also helpless.

Laura Ford said again: "Brother, you should sell 40% of the control of Ford Motor Company. They have given you 5 times the price. What else do you want? Wait for Ford Motor Company to go bankrupt, and then a cent Can't you get the money?"

Bill Ford said firmly: "Ford Motor Company will not go bankrupt, I said, it will not go bankrupt!"

Laura Ford: "Are you crazy? Now that the economic crisis is so severe, General Motors and Chrysler Motors are going bankrupt. I think Ford Motor Company will also go bankrupt. You should sell the control of Ford Motor Company. The market price is 5 times, it's worth it!"

Bill Ford said angrily: "I said, I will not sell the control of Ford Motor Company. It is really a century-old honor of the Ford family. I will not sell it to anyone!"

He didn't expect this younger sister to want to sell the control of Ford Motor Company so much!

It just pissed him off.

You don't care about the century-old glory of this family?

No wonder, his sister, Laura Ford, never held a position in the Ford Motor Company, but opened a food company and became a supplier of Macy's department store.

And now Macy's department store has been bought by Wang Guanxi, maybe my sister was bought and sold by Wang Guanxi's people, and then put pressure on myself.

So Bill Ford asked: "Did you persuade me to sell the control of Ford Motor Company to Wang Guanxi because of the pressure of Macy's department store?"

"I know your company is a supplier to Macy's, are you that selfish?"

After speaking, Bill Ford stared closely at his sister.

Laura Ford immediately denied: "It's not because of this reason, but I don't think we should continue to run and borrow money for Ford Motor Company. Now Ford Motor Company is on the verge of bankruptcy, and the economic crisis is so severe. Ford Motor Company Can I get through this year?"

"Now you can sell the stock at five times the market price, and you can still get a lot of money. Now that the Ford Family Foundation has lost so much money and is being chased, what kind of family honor are you talking about?"

"Do you want to destroy the Ford family with your honor?"

"Then your so-called honor is nothing but your own selfishness!"

"Does the honor of the Ford family depend on a car company? It depends on the people, not the company!"

"You are in charge of Ford Motor Company and have suffered huge losses for three consecutive years. What face do you have to talk about honor?"

Bill Ford took a few breaths angrily, and Laura Ford's words pierced deep in his heart, making him feel ashamed and humiliated, and his self-esteem was stimulated.

"I'm not going to sell the control of Ford Motor Company, you should give up on that too."

Laura Ford also said angrily: "You are really hopeless!"

After speaking she left.

Bill Ford sat down on the stool dejectedly, with scenes of himself in the Ford Motor Company appearing in his head, and Laura Ford's words echoed in his ears from time to time, stimulating his self-esteem.

He is not reconciled!

At this time, the phone rang again. It was from Bank of America. He didn't answer, but just replied a message.

At this moment, Huntington Bank, in the trading room.

Stephen Steiner asked: "Boss, is Bill Ford still not saying yes?"

Wang Guanxi nodded: "Bill Ford didn't agree, he still talked to me about family honor, what a stubborn guy"

Alan Fishman said: "This Bill Ford is really the kind of person who doesn't cry until he sees the coffin!"

Wang Guanxi thought for a while and said, "He holds a long position on the Dow Jones Index. Tomorrow I will drop the Dow Jones Index and let Bill Ford lose his position!"

However, Wang Guanxi is not sure whether the Dow Jones Index will continue to fall now. After all, it has fallen by so many points, and it is not easy to short it now.

At this moment, his phone rang, and it was from Milos Macy. After connecting, Wang Guanxi asked curiously, "Mr. Milos Macy, are you calling?"

Milos Macy on the phone: "Mr. Wang, I heard you plan to buy Ford Motor Company?"

Wang Guanxi nodded: "Yes, what advice do you have?"

Milos Macy said, "I'll give you a piece of information about Bill Ford...you can blow him up and take down Ford Motor Company"

Wang Guanxi chuckled inwardly. He would not believe Milos Messi, so he said, "I am not interested in the information you mentioned."

"Well, you don't know how to flatter, forget it, just pretend I didn't say it." Then Milos Messi ended the phone angrily, resenting Wang Guanxi in his heart, and sneered: "Wang Guanxi, tomorrow You are short and want to blow up Bill Ford's position, you are looking for death! I thought you would be fooled, but I didn't expect you to not believe me!"

Knowing that Wang Guanxi wants to acquire Ford Motor Company, he will definitely blow up Bill Ford's position on the Dow Jones Index!

He has already discussed with Soros, Feld, and managers of several hedge funds, and is going to cheat Wang Guanxi.

But Wang Guanxi was not fooled.

He murmured: "Let's do it alone. I only have 100 million US dollars now. I play with capital and make a lot of money!"

"Turning over depends on this time"

"Wang Guanxi, you took away the control of Fifth Third Bank and Macy's, I will not give up so easily, sooner or later I have to get it back, and my two idiot brothers, sooner or later I will make you regret it !"

"One vote first this time!"

Just do it, he immediately called the people at Morgan Bank.

·

In the trading room, Wang Guanxi said to everyone: "Short the Dow Jones Index tomorrow, and after we blow up Bill Ford's position, we will close the position immediately!"

This time, Wang Guanxi still intends to take the risk of going short, blow up Bill Ford's position, and then quickly close the position!

Wu Zhanhai: "Boss, how many thousands of hands are we shorting this time?"

Wu Hongsheng: "Now that the Dow Jones Index has fallen very low, if we go short again, we will be easily trapped"

Li Guangyu also said: "This time we have to go in and out quickly."

Wang Guanxi nodded: "That's right, fast in and fast out, just blow up Bill Ford!"

Lu Jianyan: "Boss, Milus Messi called you, is there some kind of conspiracy?"

Guan Zhenyi asked: "Boss, will Milos Messi call Soros, Feld and others to stop us?"

Wang Guanxi thought for a while, and said: "It is indeed possible!"

Lin Jiyang asked: "Then do we still short the Dow Jones Index?"

Wang Guanxi thought for a while and said: "Tomorrow will play by ear!"

The next day, Tuesday, February 24th.

Before the financial market opened, Wang Guanxi shouted: "After half an hour, short the Dow Jones Index for me, 200,000 lots, smash the Dow Jones Index, and let Bill Ford explode!"

"Yes, BOSS." Wu Zhanhai and the others were ready to try.

But as soon as the financial markets opened, the Dow began to plummet!

It quickly fell below the 7000 position, and then began to accelerate the plunge!

All the way down to the 6800 position!

The Ford Family Foundation has gone bankrupt, and Bill Ford's face is pale!

At this moment, Huntington Bank, Wang Guanxi and others were also full of astonishment. This matter did not follow his script at all. What happened?

This Bill Ford must have exploded!

Wang Guanxi said: "Stop shorting, if it falls to 6700, buy 200,000 lots for me!"

"Yes, BOSS." Everyone was looking forward to the Dow Jones index chart.

Half an hour later, the Dow Jones index stood firm at 6800 and did not continue to fall.

At this time, Wang Guanxi's phone rang, and when he opened it, it was Bill Ford calling.

Wang Guanxi asked, "Mr. Bill Ford, what's the matter?"

Bill Ford asked: "Mr. Wang, is the 5 times the market price you said earlier to buy the control of Ford Motor Company, is it still true?"

This morning, he broke his position, and the loss was terrible!

A total loss of 2.2 billion US dollars!

The Ford Family Foundation is completely insolvent.

Now control of the Ford Motor Company needs to be sold.

Wang Guanxi smiled and said: "No problem, 5 times the market price!"

Now the stock price of Ford Motor Company is 1.5 US dollars per share, with a share capital of 4 billion shares and a market value of 6 billion US dollars.

The Ford Family Foundation holds 3.3% of the shares, Class B shares, has super voting rights, and controls 40% of the right to speak.

And the market price of this 3.3% share is 198 million U.S. dollars, 5 times the market price, which is nearly 1 billion U.S. dollars.

"Mr. Bill Ford, it is 1 billion US dollars. This is a huge sum of money. I hope you can repay the 500 million US dollars loan from the Fifth Third Bank."

Bill Ford sighed inwardly: "Okay, we've made a deal!"

Then Bill Ford, his daughter Ford Ingrid, and his sister Laura Ford came to Columbus in a private jet owned by Ford Enterprise Chacha!

Also passing were several Ford Motor Company executives, including current CEO Alan Mulally.

Wang Guanxi sent a special motorcade to meet them.

In the car, Bill Ford had a pale face, gray eyes, and a haggard look. Looking at the scenery outside the car window, he remained silent and his eyes were dull.

This morning, his account went bankrupt, and he lost $2.2 billion in anger. The Ford Family Foundation was insolvent, heavily in debt, and finished.

The stocks of other companies invested in also fell terribly.

Fifth Third Bank's $500 million debt collection has crushed Bill Ford.

Not to mention that other banks are dunning their debts.

The only way to avoid the liquidation of the Ford Family Foundation is to sell control of the Ford Motor Company.

But this is something he regards as a lifetime honor, and it is also a century-old honor for the Ford family.

It was ruined in his hands like this, he was really regretful, painful, and extremely unwilling, sitting upright and exerting himself very hard.

Ford Ingrid on the side asked with concern: "Father, are you okay?"

Bill Ford shook his head and said nothing.

And Laura Ford on the side suddenly said: "Brother, after selling the control of Ford Motor Company, at least 900 million US dollars of funds can be obtained, which can completely solve all difficulties. Do you want to open something?"

Seeing that Bill Ford didn't speak, Laura Ford said again: "Ford Motor Company has been in business for so many years, and it has suffered huge losses for three consecutive years. Our family members just get their salaries from it, and there is no dividend. It is better to run other companies to make money. ,"

She herself did not enter the Ford Motor Company to work, but chose to start her own business.

Although the Ford family owns the Ford Family Foundation, which is where the wealth of the Ford family is passed on, the investment of the family foundation is very flat, and the financial crisis suffered heavy losses.

The entire Ford family is on the verge of bankruptcy, what control of Ford Motor Company is needed? ,

How good it is to sell at 5 times the market price!

Bill Ford sighed: "Selling Ford Motor Company this time, don't you feel heartbroken at all because the family lost a century of honor?"

Laura Ford: 'The honor of the Ford family is the people, not the company'

Ford Ingrid looked at the two arguing and didn't know what to say for a moment. He just looked out of the window, and this time he was going to see Wang Guanxi again.

The last time the two met was when the Ford Family Foundation sold a 10% stake in Holden Housing Company to Wang Guanxi.

Now is the time to sell control of the Ford Motor Company.

She was a little reluctant in her heart, because she had made a decision before and wanted to go to Ford Motor Company for an internship, and now Ford Motor Company is going to disappear.

It is impossible to imagine that Wang Guanxi, who is of the same age, really got his father to agree to sell the control of Ford Motor Company, so she had to obey.

Her father brought the Ford family foundation into a quagmire, and Wang Guanxi's acquisition of control of Ford Motor Company at 5 times the price can bring the Ford family out of the woods.

Her thoughts were similar to those of her aunt, but she dared not bring up the matter of selling control of the Ford Motor Company in front of her father, Bill Ford, for fear of offending him.

Laura Ford on the side asked, "Ingrid, are you familiar with Wang Guanxi?"

Ford Ingrid said, "We're still friends. Last time we chatted for a long time. He invited me to be a guest at his manor for one night. I didn't agree."

Laura Ford asked again: "Is he really about your age?"

"Well, yes, I'm a year older than him." Ford Ingrid looked expectantly at the distant building.

"Oh, you should become good friends with him." Laura Ford said with a smile; "This time he paid 5 times the market price to acquire the control of Ford Motor Company, which is very generous."

Her own food company is a supplier of Macy's in Michigan, and she can get a lot of benefits from it. Her brother Bill Ford will definitely not like Wang Guanxi in his heart, and the relationship will not be good, but this niece can be with Wang Guanxi Get along well.

She didn't expect Bill Ford, a stubborn guy, to let go of his self-esteem and make friends with Wang Guanxi.

Just count on this niece.

This time the Ford Family Foundation sold the control of Ford Motor Company to Wang Guanxi, and her food company will become the largest supplier of Macy's department store. I don't know how much money they made that year.

Thinking of this, Laura Ford said: "Wang Guanxi is a very, very good boy. You should learn more from him and become a good friend in life."

Ford Ingrid nodded slightly: "Yeah"

Her beautiful eyes looked at the road in the distance, full of anticipation.

Soon the car arrived at the Huntington Bank Building.

Members of the Ford family, as well as executives from the Ford Motor Company, received a grand reception.

At 3pm, everyone signed the contract.

The Ford Family Foundation sold 132 million Class B shares of Ford Motor Company to Wang Guanxi for $1 billion.

These 132 million shares have 40% of the voting rights.

Bill Ford repaid a $500 million loan from Fifth Third Bank as soon as he received $1 billion.

Wang Guanxi's No. 1 fund paid out 1 billion US dollars, and there are 5 billion US dollars left!

Then he donated all of the 132 million Class B shares of Ford Motor Company to the Crown Charitable Fund.

Wang Guanxi said to Bill Ford: "Mr. Ford, I hope you will continue to serve as the honorary chairman of Ford Motor Company."

Bill Ford politely refused, saying: "Mr. Wang, I'm tired and want to take a break. I'm not in the mood to participate in business matters."

Wang Guanxi thought for a while and said: "Then let Ms. Ford Ingrid join Ford Motor Company as a director. Members of the Ford family, if they want to work in Ford Motor Company, there is no problem."

Ford Ingrid did not expect that Wang Guanxi asked her to serve as a director of Ford Motor Company, which made her a little flattered. Originally, her father only asked her to be an intern, not a director.

Bill Ford was stunned for a moment, and then said: "Now the control of Ford Motor Company is yours, you can arrange it however you want. Ingrid has no problem, and I have no problem."

But Laura Ford said: "Brother, you should agree to Mr. Wang's invitation to serve as the honorary chairman. If you leave Ford Motor Company, the Ford family will not be able to face it, and it will also affect the stock price..."

Under Laura Ford's advice, Bill Ford finally agreed to become the honorary chairman of Ford Motor Company, and he still gets a salary every year.

Ford Inglell will also join the Ford Motor Company Board of Directors to begin her internship.

And Wang Guanxi planned to let the CEO of Ford Motor Company, Alan Mulally, join the board of directors and concurrently serve as the chairman, so he said: "Alan Mulally, you will be the chairman of Ford Motor Company in the future, and concurrently serve as the chairman of the board of directors. chief executive"

It is no exaggeration to say that Ford Motor Company would not have been turned around without Alan Mulally.

In 2006, Alan Mulally, who left Boeing, joined Ford, which was in dire straits at the time, and decided to focus on the production of small, energy-efficient cars, matching production with consumer demand, and focusing on Ford (Ford), Lincoln () and Mercury ( Mercury and other brands, through the sale of the Jaguar, Land Rover and Aston Martin and Volvo brands to achieve a "one Ford" slimming plan.

He submitted the plan to 40 banks for loan review, and finally obtained a loan of 23.5 billion U.S. dollars, using all Ford's factories, stocks, intellectual property rights, equity interests in foreign automakers and even trademarks as collateral.

Allen Mulally's above-mentioned measures became the key to the revival of Ford Motor Company, unlike the fate of bankruptcy and reorganization like General Motors and Chrysler Motors.

Then Wang Guanxi continued: "I will give you all the power. I hope you will carry out the major reform of Ford Motor Company to the end. All those who should be laid off will be cut off, all those that should be slimmed down will be cut off, and all closed factories will be closed. Car companies get through this economic crisis!"

Alan Mulally thought that the new boss would fire him. After all, since 2006, since he took charge of Ford Motor Company, Ford Motor Company still lost money, hit the economic crisis again, and Ford Motor Company was on the verge of bankruptcy.

Unexpectedly, he also became the chairman of Ford Motor Company, the real power is in his hands, and he can promise everything in Ford Motor Company.

Alan Mulally said solemnly: "Boss, don't worry, I will get Ford Motor Company out of the quagmire of the economic crisis!"

Wang Guanxi nodded: "Well, feel free to do it, I believe in your talent!"

This Alan Mulally used to be the president of Boeing and saved Boeing.

After the 9/11 terrorist attacks, Boeing lost most of its customers. It was Mulally who defied all opposition and began laying off staff, improving production lines, and creatively launching the Boeing 787, a low-energy, low-emission "dream plane."

He brought a dying company back to life in just a few years, left with record aircraft orders and managed to overtake rival Airbus before leaving.

Named one of the "Best Leaders of 2005" by BusinessWeek magazine.

Voted "Person of the Year" by Aviation Week in 2006.

When Alan Mulally joined Ford Motor Company, he moved his family next to the office, arrived at the company at 5:30 every morning, and started working 12 hours a day. Six days after taking office, that is, after working 72 hours, he announced the sale of Ford's luxury brands Jaguar, Aston Martin, Land Rover and Volvo

Aston Martin was subsequently sold to a British consortium for £479m, and Jaguar and Land Rover were sold to India's Tata Group for $2.3bn.

Alan Mulally also took a tough stance against the UAW.

Through negotiations, Ford's labor cost was reduced from $71 per hour to $58.

That allows Ford to operate with labor costs similar to Toyota's U.S. plants.

He also streamlined the work procedures in the workshop and combined skilled workers and production line workers to build a new work team.

This all proves Alan Mulally's personal ability.

Wang Guanxi desperately needs such top talents. It is impossible for him to manage many companies under his consortium in the future.

Then Ford Motor Company announced that it would cut 60% of its suppliers.

Announced the closure of 17 factories in North America, the layoff of more than 40,000 jobs, the reduction of more than $5 billion in expenses, and the provision of global products to major markets.

Announced that it will cut 1,600 jobs in the UK.

Ford's Asia-Pacific and Africa headquarters will be relocated to China to reduce costs.

Ford Motor Company gives the Volvo brand to Geely Automobile Company.

The measures were all planned and enacted an hour after Eli Mulally became chairman.

This sudden big move by Ford Motor Company shocked the global auto industry!

In particular, Bill Ford, the chairman of Ford Motor Company, became the honorary chairman, and the CEO, Alan Mulally, became the chairman and concurrently the CEO.

The Ford Family Foundation also announced the sale of control of the Ford Motor Company to a large fund in Ohio, sparking heated discussions.

Although he didn't say who it was, everyone in the wealthy circle and industry giants knew about it.

Straight out!

Shocked the world again!

The evening news reports on this matter every day, but many of them are negative reports. Everyone likes to step on listed companies or the Ford family to gain attention.

The Associated Press reported: "The Ford family has left sadly. The new owner is the largest rancher in Ohio, which may save Ford Motor Company for another year!"

Agence France Presse: "The century-old Ford family has withdrawn from the stage of history. Will the new boss be able to provide Ford Motor Company with enough funds to get Ford Motor Company out of the predicament? This is a question worth thinking about!"

Toyo Kyodo News Agency: "The liabilities on the balance sheet of Ford Motor Company are 232.825 billion US dollars. I don't believe that Ford Motor Company can survive until July this year!"

Interfax: "Super receiver in Ohio! Sad!"

Bloomberg reported: "Ford Motor Company is 100% certain to go bankrupt, while General Motors and Chrysler have only a 70% probability of bankruptcy"

Malaysian National News Agency: "Ford Motor Company is losing weight crazily, but it still can't change the fate of bankruptcy!"

Indian Business Daily: "Ohio Ranchers' $1 Billion in Funding Will Go to Waste!"