reborn industrial empire
Chapter 530 How to Smash the Walnuts
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You know, although GM is currently in a stage of regression across the board, their tentacles around the world are countless. /Very Literary/
It is precisely because of such excessive brand expansion that it has led to the situation that GM is facing today. Disorderly and greedy expansion is a big curse.
You must know that every time such an expansion occurs, GM will have to pay a large amount of related expenses, and it will also have to raise many workers that it did not need. All of these have brought an unimaginable burden to GM's head office.
Now it seems that the potential crisis is beginning to gradually emerge. Although GM executives have noticed this in the past two years, they are continuously emphasizing global modular improvements on a large scale.
However, it is precisely this kind of improvement that has caused many of General Motors' brands to become devoid of individuality and vitality, such as their Saab and Pontiac brands. It is precisely because of this modular restructuring.
, and become personalityless, and are gradually losing their original loyal consumers.
Therefore, GM is now in a difficult stage, and these contradictions will explode immediately after the subprime mortgage crisis broke out. It was this bomb that finally destroyed GM, a century-old brand.
.
"What? Mr. Reilly, is GM's current situation very pessimistic? You haven't announced last year's operating results yet. Is the situation very bad?"
Jin Xiaoqiang did not mention a word about agreeing with Nick Reilly's investment in Thunderbird. Instead, he asked about the operating conditions of General Motors, which made Nick Reilly suddenly feel a sudden change in his heart.
This guy is truly a genius. He just asked him for some help and wanted to ride on his coattails to make some money. However, he immediately realized that GM's business was not in good condition. It seemed that he had some skills.
, no wonder, at such a young age, he was able to rack up such a fortune.
Moreover, when it comes to the stock market, this guy’s vision is really incredible, and his financial sense is extremely sharp!
Jin Xiaoqiang looked at the changing expressions on Nick Reilly's face and knew that he was most likely right. It seemed that GM was indeed in crisis now.
Otherwise, Nick Reilly, a GM executive, wouldn't be begging for himself just to make some money.
"Nick, since you have asked me for help, I think it's better for us to be honest..."
Jin Xiaoqiang tentatively began to put pressure on Nick...Reilly. He wanted to know how bad GM's current situation was.
"Okay! Yes, GM's current situation is indeed not good. The reason why last year's operating report has not been released yet is because the company wants to wait until after the Detroit Auto Show to announce it. They do not want to affect GM's performance at this auto show.
, But what's the use, those damn fools... Forget it, let me tell you directly, last year General Motors had a global net loss of 8.6 billion US dollars. What does this mean? I think Misterkin, you
Should know better than me.
Nick Reilly winked at Jin Xiaoqiang very slyly. Jin Xiaoqiang immediately understood in his heart that this was Nick Reilly, an old boy, trying to show his kindness to him!
It seems that Thunderbird will not be able to play without him soon. General Motors has suffered so much loss. As soon as the performance report is released, the U.S. stock market will definitely fluctuate sharply.
The Dow Jones 500 Industrial Index is definitely facing a plummeting situation. If we start shorting General Motors and the U.S. stock index at the right time, it seems that we can gain two to three billion U.S. dollars, which is a waste of money.
"Haha, okay! Mr. Nick, I think we have reached a consensus. We will agree to you injecting a sum of funds into our Thunderbird company, but what I want to declare is that the money is only for our agency, and he will not
Converted into Thunderbird shares..."
Jin Xiaoqiang emphasized again that he values this Thunderbird company very much, especially in the past year, the company's profitability has been extremely good, and the company's assets have even doubled several times.
Under such circumstances, he would never tolerate anyone's idea of meddling inside.
I can play with you, but if you want to become a shareholder, then you are just wishful thinking. You must know that the US stock market is not the Chinese stock market.
"Okay! It's absolutely no problem. Don't worry. Haha, your Thunderbird company made a profit of more than 200% last year. Such a company is rare on Wall Street. If it weren't for the connection between you and us,
I don’t think even GM would know that there is such an awesome venture capital firm…”
Nick Reilly became happy when he heard that Jin Xiaoqiang agreed to take him to play. He was very optimistic about the prospects of Thunderbird Company. Even if he could not become a shareholder, it would be good to eat some meat or even drink some soup.
?.
"Okay! The second question is Nick. I don't know if GM has sold some of its shares. You know you lost so much last year. If you don't draw some capital back from other places,
Will there be some difficulties in operation this year?”
Jin Xiaoqiang asked Nick Reilly with a smile. After hearing this question, Nick Reilly's heart suddenly hit him again. Isn't this guy too smart?
He has already guessed the next operation of General Motors?
The expression on Nick Reilly's face at this time was extremely strange. He really didn't know whether he should continue talking to Jin Xiaoqiang. If he revealed everything he knew to Jin Xiaoqiang, would it be possible?
Will it cause huge losses to GM?
But when I thought about it again, forget it, my position as president of GM North America was almost unsettled, so why did I care so much about them?
The most important thing at the moment is to earn enough money for retirement before he is ousted.
"Yes, the company currently has such a plan."
Nick's answer was very straightforward, and Jin Xiaoqiang felt happy after hearing it.
"Then which part of the assets are you planning to sell?"
Jin Xiaoqiang asked again. He was very concerned about which part of GM's assets it planned to sell. You must know that GM's capital expansion path over the years has allowed it to control the equity of many companies around the world.
Of course, what he is particularly concerned about here are the equity interests held by General Motors in Japanese and Korean companies.
Compared with the current sales of Huayang Power's models around the world and the expansion of globalization, there are only two places in the world that Huayang Power has not yet set foot in.
And of these two places, one is South Korea and the other is Japan.
The first reason why we have not set foot in these two regions is because of the historical relationship between these two countries and China, as well as the perception of the people of these two countries towards China’s products.
The second reason is that both countries are automobile powerhouses. Needless to say Japan, South Korea has also made rapid progress in the automobile field in the past ten years.
The third reason is that the people of these two countries support their own products, and the governments of these two countries protect their own automobile markets.
Needless to say, Japan is a powerful automobile country and is currently the largest exporter of finished automobiles in the world. You can imagine how difficult it will be to enter their market and grab food.
Needless to say, South Korea also needs to say that although their cars are of average quality, they are very protected by their own policies and have the support of the people in their own country.
Coupled with the crazy national character that exists in both countries, it is still very difficult to break into the markets of these two countries.
This is also the main reason why Huayang Dynamics has always wanted to enter the markets of these two countries to stir up troubles, but was unable to do so.
You must know that the living standards of the people in these two countries are not low, not to mention the number of cars owned by households in these two countries. However, such a big piece of cake can only be seen but not eaten. This is really enough for China.
The man who is anxious is scratching his head and head.
In these two countries, in addition to some American luxury cars, such as Lincoln or Cadillac, or models such as Mercedes-Benz, BMW, Audi, or Porsche and Lamborghini that only come from Germany, they can also be sold.
For example, the field of ordinary family cars can basically be said to be closed to foreign cars.
There are only a few reasons for this situation. First, the populist nature of the people in these two countries makes them first think of domestically produced cars when choosing a family car.
The second reason is that foreign cars actually do not have much advantage over their domestically produced cars in terms of technology and price.
In Japan, it goes without saying that foreign brands such as Mercedes-Benz, BMW, and Audi can still be recognized to a certain extent, but other mid-size cars have no market here at all.
In South Korea, although their car-making technology is worse than that of Japan and the United States, their national character is crazier than Japan's, which makes these foreign cars have no market in South Korea.
Therefore, these two markets are like two hard walnuts. Only by breaking open their hard shells can you eat the fragrant walnut kernels inside.
Jin Xiaoqiang is very confident in his Huayang Dynamics' products. Let's not mention South Korea in terms of technology. Even if they are fighting against Japanese products, they will not make concessions.
I believe that as long as a good price is set and coupled with sufficiently advanced technology, there will still be some achievements in these two markets. However, the biggest problem for them at present is how to crack open these two walnuts.
Hard shell.
You must know that the citizens of these two countries are very xenophobic, especially towards the Chinese people, but they do not dare to have too strong resistance to their masters, the Americans.
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