Reborn Xiangjiang Tycoon Growth
Chapter 178 Automobile Factory
Detroit is located at longitude and latitude 42°19′n, 83°2′w. It was founded in 1815 and covers an area of about 370.2km, including 359.4km of land area and 11km of water area. The highest point is located in the northwest of the city, with an altitude of about 204 km.
Mi, the largest city in Michigan, USA. Founded in 1701 by French fur traders, it is an important port city located in the northeastern United States, north of Windsor, Canada, along the Detroit River. It is the world's traditional automobile center and music capital. It is the United States
The 15th most populous county. The city is named after the Detroit River, which connects Lake St. Clair and Lake Erie. It is derived from the French "rivière du troit", which means "river of the strait".
On December 3, 2013, U.S. Federal Bankruptcy Judge Rhodes ruled that the Detroit City Government complied with the relevant provisions of Chapter 9 of the Federal Bankruptcy Code and was eligible to apply for bankruptcy protection. This once glorious automobile city officially declared bankruptcy.
It also became the largest bankrupt municipal government in U.S. history. About 16 months after the "Motor City" Detroit municipal government filed for bankruptcy, a U.S. federal judge made a ruling on its bankruptcy exit plan on November 7, 2014. This
The issuance of this ruling brought the largest municipal bankruptcy case in U.S. history to an end.
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 far from the average level of the state.
There is a big gap. Social security also has a lot of room for improvement. After all, a rapid recovery driven by investment is difficult to change the perception of talents towards this city in the short term.
Since deciding the direction with his boss, John Chambers has stayed in this automobile city for nearly a month. During this period, he not only established Black Cloud North American Automobile Company, but also launched intense negotiations with Chrysler Motor Company.
Both parties hope to get more, and Heiyun Group hopes to spend as little money as possible. Chrysler sees Heiyun Group entering the automotive field with such great fanfare, and with Bao Zixuan's character and financial resources, it definitely hopes to achieve something.
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 character, he feels that the price is right and he will definitely win. It often disrupts the negotiation team's plans and rhythm.
, and you will also spend a lot of extra money.
After checking every clause in detail several times between both parties, Chrysler finally couldn't hold on any longer. According to the memory of the past life, they are planning to file for bankruptcy protection next year, which shows how bad the business situation is. Although the price offered by Heiyun Group is not very high
, but this is also the most interested and sincere buyer at present.
rb car companies have already built factories in the United States and no longer need to buy factories. The domestic car companies in the United States are having a hard time now and they want 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 the banks that cooperated with Chrysler. After paying some benefits, all the banks chose to put pressure on Chrysler. Chrysler was forced to have no choice but to contact Heiyun as soon as possible.
, strive to solve the problem as soon as possible, otherwise the workers and banks may drive them to death.
After receiving a call from John Chambers, Bao Zixuan also came to Detroit, the automobile city. 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?
.
However, these have nothing to do with Bao Zixuan. The bankruptcy happened 30 years later. At that time, the automobile production and manufacturing center had probably been transferred to China. Whether Detroit was alive or dead had nothing to do with it. Even the scale of the factory would
The control is very small, and he doesn't want to build too many factories in the United States.
Under the recommendation of John Chambers, Bao Zixuan met Chrysler Chairman Medel Chrysler. This rich third generation has long lost its glory in the past. Now he has been troubled by Chrysler's declining performance. Moreover, his technical strength and management ability are quite similar.
Much worse than 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 themselves, they are not Chrysler's biological sons.
, they were all acquired through mergers and acquisitions later for development, and Chrysler did not value them that much.
Since we can get cash to solve the problems of the parent company, sacrificing these two branches is also a good choice. Just peel off the military vehicle 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 got down to business. All the issues had been resolved in the preliminary negotiations and a contract had been drafted. Bao Zixuan came only to sign the contract, and at the same time he also had to appease the auto workers of the two brands.
This time, since John Chambers was entirely responsible, a lot of money was indeed saved on the price. The main content of the contract was for Black Cloud Group to acquire Jeep and Dodge Motor Company, as well as Chrysler's two factories in Detroit.
Jeep and Dodge divested their military divisions and only sold their brands and civilian divisions to Bao Zixuan. In fact, it was useless even to sell their military vehicle divisions to Heiyun. It is impossible for Americans to hand over such an industry involving national security to a non-U.S.
company.
In addition, the operating rate of the Chrysler factory is very low, leaving many workers with nothing to do. Now Heiyun Group has taken over all of it, which is a very good result.
The U.S. Department of Commerce will soon approve the acquisition. If Heiyun Group does not acquire it, then the only fate waiting for Chrysler is bankruptcy or government bailout. This is not the result that the U.S. Department of Commerce wants to see, and if Chrysler really goes into trouble after they veto the acquisition
The Ministry of Commerce should also take the blame.
The purchase price is more than 800 million U.S. dollars, which is the largest sum of money Bao Zixuan has spent so far. Without the income from oil futures, it is really impossible to come up with this money. But everything is not a problem now. After all, the future of oil futures
With more than $5 billion in income, 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 now owned by the Heiyun Group, and that there were also two factories with nearly 16,000 workers. In fact, he did not want to recruit too many workers in the United States. In his previous life, the Germans were affected by the pensions and high wages of Chrysler's American workers.
Welfare was so overwhelmed that it cost Chrysler a huge loss of more than 20 billion U.S. dollars.
In order not to make the same mistake as the Germans, Heiyun will definitely try to use automated equipment to reduce the number of workers in the future. However, the top priority now is to appease these workers, who are more annoying than the U.S. Department of Commerce.
After the contract was signed, Heiyun Group remitted the first 200 million U.S. dollars to Chrysler. Fortunately, there is not much expense now, and the monthly cash flow is very abundant. It is so happy to see Heiyun so happy. Mader -
Chrysler feels that the price is going to be lower, no matter what is done now, it can only act according to the contract.
Bao Zixuan was looking at the information of the two companies and the conditions of the factories. Hybrid cars finally have a production workshop. But the prerequisite is that Bao Zixuan must deal with these workers.
Heiyun Group is an unlisted company and does not need to announce its operations to the public. However, 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 automobile 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 the automobile company.
Many people are afraid that Bao Zixuan will bring down the company due to diversified operations, but everyone in the automobile industry knows that the wolf is coming, and this is an owner who is not short of money.
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