Reborn in Hong Kong: The Tycoon Grows Up

Detroit, located at longitude and latitude 42°1W, was founded in 1815 and covers an area of ​​approximately 370.2Km, of which 35 and 11Km are land areas. The highest point is located in the northwest of the city, with an altitude of about 204 meters. It is the largest city in Michigan, USA. Founded by French fur traders in 1701, it is an important port city, the world's traditional automobile center and the music capital located in the northeastern United States, north of Windsor, Canada, along the Detroit River. It is the 15th most populous county in the United States. The city is named after the Detroit River, which connects Lake St. Clair and Lake Erie. It is derived from the French "Rivière du Détroit", which means "river of straits."

On December 3, 2013, U.S. Federal Bankruptcy Judge Rhodes ruled that the Detroit City Government was eligible to file for bankruptcy protection under the federal bankruptcy law. This once prosperous automobile city officially declared bankruptcy, and it became the largest bankrupt municipal government in the history of the United States. In the "Motor City" Detroit city government filed for bankruptcy (July 2013), about 1 judge issued a permitting ruling on its bankruptcy exit plan on November 7, 2014. The ruling brought an end to the largest municipal bankruptcy case in U.S. history.

Detroit's renaissance is mainly concentrated in the downtown area, and its development is uneven. It remains one of the poorest large cities in the United States, with about 38% of residents living in poverty, and the median income is still relatively high compared to the state average. Big gap. Social security also has a lot of room for improvement. After all, a rapid recovery driven by investment will hardly change the perception of talents towards the city in the short term.

John Chambers has been staying in this automobile city for nearly a month since he decided on the direction with his boss. During this period, not only was Heiyun North American Motors established, but it also entered into intense negotiations with Chrysler.

Both parties want to get more, and Heiyun Group wants to spend as little as possible. When Chrysler saw Heiyun Group entering the automobile field with such great fanfare, it must have hoped for something with Bao Zixuan's character and financial resources.

So if you don't take advantage of now to kill Heiyun, how long will it take? This is why Bao Zixuan doesn't dare to participate in negotiations. With his personality, he feels that if the price is right, he will definitely win it. It often disrupts the negotiation team's plans and rhythm, and also costs a lot of money.

After both parties checked every clause in detail several times, Chrysler finally couldn't hold on any longer. According to their past life memories, they are planning to file for bankruptcy protection next year, which shows how bad the company's operating conditions are. Although the current price offered by Heiyun Group is not very high, it is also the most interested and sincere buyer at present.

Japanese car companies have already built factories in the United States and no longer need to purchase factories. The domestic car companies in the United States are having a hard time now, and they are eager to sell their factories. How can they take over Chrysler now? It is too late to hide.

After John Chambers learned about Chrysler's debt problem, he immediately contacted banks that cooperated with Chrysler. After paying some benefits, all banks chose to put pressure on Chrysler. Being forced to do nothing, Chrysler could only contact Heiyun as soon as possible to try to solve the problem as soon as possible, otherwise the workers and the bank might drive them to death.

Bao Zixuan also came to Detroit, the automobile city, after receiving a call from John Chambers. Detroit is now in decline, but it can still hold on. But who could have imagined that this once glorious city would one day apply for bankruptcy trusteeship.

But these have nothing to do with Bao Zixuan, and bankruptcy will happen 30 years later. At that time, the automobile production and manufacturing center had probably been moved to China, and whether Detroit lived or died had nothing to do with it. Even if there are still factories, the scale will be kept small. He does not want to build too many factories in the United States.

Under the introduction of John Chambers, Bao Zixuan met Chrysler Chairman Medel Chrysler. This rich third generation has long lost its former glory, and now he has been troubled by Chrysler's declining performance. Moreover, my technical strength and business ability are far inferior to those of his grandfather. Now that he thinks that Heiyun Group will actually buy Chrysler's branches and factories, he just wants to complete the transaction as soon as possible so that the company can get cash and thus keep the parent company. As for Dodge and Jeep, they are not Chrysler's real sons. They were acquired later for development, and Chrysler doesn't value them that much.

Since you can get cash to solve the problems of the parent company, sacrificing these two branches is also a good choice. Just separate the military car models and production lines.

Medell-Chrysler said to Bao Zixuan: "Welcome Mr. Bao to Chrysler, you are young beyond my imagination."

Bao Zixuan: "Thank you Mr. Chrysler. Chrysler is a great company and it is an honor for me to be here."

After the two sides said a few more compliments, they started to get down to business. All issues have been resolved in the preliminary negotiations. A contract had already been drawn up, and Bao Zixuan came over just to sign the contract, and at the same time he also had to appease the autoworkers of the two brands.

This time, because John Chambers was responsible for everything, we did save a lot of money on the price. The main content of the contract is for Heiyun Group to acquire Jeep and Dodge Motor Company, as well as Chrysler's two factories in Detroit.

Jeep and Dodge spun off their military divisions and simply sold their brands and civilian divisions to Bao Zixuan. In fact, even selling the military vehicle department to Heiyun is useless. It is impossible for Americans to hand over such an industry related to national security to a non-American company.

In addition, the operating rate of Chrysler plants is very low, leaving many workers with nothing to do. Now that Heiyun Group has taken over all of them, this is a very good result.

The U.S. Department of Commerce would quickly approve the acquisition if Black Cloud Group did not acquire it. Then the only fate waiting for Chrysler is bankruptcy or government bailout. This is not the result the U.S. Department of Commerce wants to see, and after they veto the acquisition, the Department of Commerce will take the blame if something goes wrong with Chrysler.

The acquisition price exceeded US$800 million, which was the largest amount of money Bao Zixuan had ever spent. Without the income from oil futures, it would be impossible to come up with this money. But nothing is a problem now. After all, oil futures will generate more than $5 billion in income in the future, and he can buy, buy, buy as he likes.

The moment Shuangfa signs the contract, Heiyun needs to pay Chrysler US$820 million within the next three months, and the down payment of US$200 million will be received immediately after the contract is signed.

Bao Zixuan knew that Dodge and Jeep were already under the Heiyun Group, and there were two factories close to 1. He didn't want to recruit too many workers in the United States. In the previous life, the Germans were overwhelmed by Chrysler's pensions and high benefits for American workers, causing a huge loss of more than 20 billion U.S. dollars before getting rid of Chrysler.

In order not to follow the same path as the Germans, Heiyun will definitely try to use automated equipment to reduce the number of workers in the future. But the top priority now is to appease these workers, who are even more annoying than the U.S. Department of Commerce.

After the contract was signed, Heiyun Group remitted the first US$200 million in funds to Chrysler. Fortunately, I don’t have much expenses now, and my monthly cash flow is very abundant. It’s so satisfying to see the black clouds. Medell-Chrysler felt that the price was going to be low, no matter what was done now, it could only act in accordance with the contract.

Bao Zixuan was looking at the information of the two companies and the conditions of the factories. Hybrid cars now finally have a production workshop. But the premise is that Bao Zixuan must deal with this group of workers.

Heiyun Group is a non-listed company and does not need to disclose its operations to the public. But Chrysler is indeed a listed company, and every major transaction they make must be announced to shareholders.

When people all over the world learned that Heiyun Group entered the automotive field with such great fanfare, they were shocked by Bao Zixuan's courage. How much money does this guy have? He just bought Hutchison Whampoa, and then he bought a car company.

Many people are afraid that Bao Zixuan will bring down the company because of its diversified operations, but everyone in the automobile industry knows this. The wolf is coming, this man is not short of money.