Reinventing the Millennium

Toyota and Nissan are the two automakers most affected by Japanese fraud incidents.

From airbags to steel and aluminum to brakes, just like the humor of Sony's defeated dog, are those people really not here for you?

As these two companies officially announced vehicle recalls, although their stock prices did not plummet as much as those of the counterfeiting heroes, their combined market value also dropped by several billion dollars. Because, their market value is far larger than Sony's.

Before Sony was exposed, it was US$40 billion, and before Toyota was affected, it was US$102 billion. The former fell by 20%, which is almost 1 Olympus, and the latter fell by nearly 7% during this period, which is more than half of Olympus. That's it.

The problem is, Toyota is very confused and feels very innocent and helpless.

But soon, it discovered that it faced more problems.

Because the recall of problematic vehicles was only carried out in Europe and the United States, Chinese media and consumers caused an uproar after noticing this incident. Thanks to the global public opinion and momentum of Japanese companies' concentrated fraud, the difference this time between Japanese car manufacturers Treats are also amplified.

Whether it is Weibo or Yixin, there have been rights protection actions by car owners. After all, the current problems involve the field of safety and cannot be ignored.

The domestic response this time was relatively fast. Relevant departments quickly interviewed Toyota, Nissan and other car manufacturers and asked them to face up to the legitimate rights and interests of Chinese consumers.

As the news spread, the stock prices of Toyota and other affected manufacturers fell further, which also continued to affect Takata.

As far as the issue of Takata airbags is concerned, according to the assessment of a third-party agency, the recall of 3 million vehicles by Toyota, Nissan and other car manufacturers is just an appetizer, and hundreds of millions of vehicles will be recalled in the future.

This also means that Takata can declare bankruptcy in advance.

Of course, it will still try to struggle now, but the magnitude and impact are poison that has no solution.

All we can say is that there is not much time left for Takada.

But apart from being criticized and missed by consumers, Takata has become somewhat outdated. More people are still concerned about whether Toshiba has enough time.

In two days, there was a lot of excitement. Akebono Brake gave the familiar response of internal investigation, but Toshiba made no move. One of its vice presidents, Yukihei Nakamori, even asked a rhetorical question when surrounded by reporters.

"It's just an unclear online message, why should we pay attention to it?"

Nakamori Yukihei's answer was regarded as Toshiba's informal response, and was also used by many Japanese companies to wait and see the situation and consider changes as a learning object.

On the first day of November, Fopole and the SEC officially denied the so-called "joint investigation documents on Japanese companies", claiming that there was no such thing at all.

No action, no documents, and naturally no leaks.

Some people believe it and some don't, but this still brings an even more confusing layer of suspicion to the Japanese company's fraud incident over the past month.

If the official refutation of the rumors by the two companies is true, then who is leading this matter?

Along with the news about Fobole and the SEC, the Japanese media suddenly became energetic again. The reflection came to an end and they started talking about smear campaigns with ulterior motives again.

Toshiba is trying to deal with it coldly in this situation. This is also because WikiLeaks' revelations this time are relatively vague, and the testimony of the updated "sources" does not hold enough weight.

The official endorsement has been broken. Is Toshiba, a century-old company, going to conduct relevant investigations just because of your nonsense on the Internet?

One today and one tomorrow. Should the company continue to operate normally?

Toshiba's informal response is also reasonable.

However, market sentiment has been ignited, and the decline in the company's stock price reflects everyone's true views on the matter. No matter where the source of the news is from, WikiLeaks mentioned Sony, Olympus, Takata and other companies have successively admitted or Admitted the problem in disguise.

How come you and Toshiba alone have no problem?

In the first three days of November, Toshiba's stock price continued to fall, ushering in a two-day weekend holiday, but the company never gave any additional response.

What kind of ups and downs has this 136-year-old company not experienced?

When the United States discovered the smuggling of machine tools to the Soviet Union during the Cold War, did we panic?

Because of this incident, the United States started a trend of smashing Japanese products. Did we panic?

When the United States issued a sky-high $15 billion fine, did we panic?

After a hundred years of ups and downs, use whatever tricks you have!

How can a century-old company be shaken just by relying on Internet rumors and market value fluctuations?

Toshiba's silence earned criticism from the Western media and regained support from the Japanese media.

——"Toshiba is a model for Japanese companies".

——"Toshiba is not afraid of smear".

From the exposure on October 31 to November 6, when Fang Zhuo was about to leave for Tokyo, he was never able to see the shaken Toshiba, and he could not help but admire it as a tough nut.

In these days, in addition to the changes in the direction of Japanese and Western media, a problem has also been noticed by everyone. WikiLeaks has not updated its files.

According to the previous frequency, new companies would usually appear in three or four days, but this time there was no new news from WikiLeaks for a full week.

Is this the end?

Is it because the rumors were refuted by Fobole and the SEC?

Various speculations have surfaced, and Toshiba and the Japanese media have become more confident. As long as there is no such investigation by the United States, they are just dealing with the malicious intentions of a small group.

However, on the morning of the 6th, as Fang Zhuo flew to Tokyo on a private plane to prepare to attend the extraordinary shareholders meeting, play his role as an outside director of Sony, and witness the birth of new management, Mars, the state senator of Georgia, USA, faced the media It said it would ask government agencies to review Toshiba's nuclear power business in the state.

"In view of the recent poor performance of Japanese companies such as Kobe Steel, Takata Corporation, and Kobayashi Chemical, and also out of caution about the nuclear power business, I think it is necessary to review the nuclear power plants built by Toshiba using Westinghouse Electric here."

Mars has been outspoken about his doubts about Japanese companies.

At the same time, he said that he had contacted the U.S. Nuclear Regulatory Commission NRC, hoping to strengthen the safety management of Westinghouse Electric.

The reason is also very simple. Kobe Steel has admitted that it has faked steel and aluminum products. When Japanese companies undertake projects, 80% of them will give priority to companies from their own country, which will bring potential risks.

In addition, the NRC needs to pay attention to the problems in Fukushima this year.

The endorsements of Buddha and the SEC are gone, but voices from the new US administrative background are beginning to emerge. The topic is not about fraud, but about Toshiba's ongoing nuclear power business.

This news did not have a big impact on the secondary market. It only made everyone feel that Toshiba was encountering more and more things, and everyone was waiting to see the final direction.

Tokyo At 7 o'clock in the evening on November 6, the "Qingzi" landed at Tokyo International Airport. This time, Fang Zhuo was accompanied by Kong Yu and others. His work can be commanded by remote control, but now he also wants to experience it in person. The atmosphere here in Japan.

"Toshiba's situation is indeed more complicated." Kong Yu discussed Toshiba's difficult situation while sitting in the car.

Financial fraud is a core secret. The current accusations against Toshiba are not strong enough, and the latter is also very calm and has not been alerted. Therefore, performance issues similar to those of Sony have been raised.

Westinghouse Electric is a very costly acquisition by Toshiba. Today, Toshiba's four nuclear reactors in the United States are contracted through Westinghouse Electric.

However, when the Gasoline Man team helped Toshiba sort out its business, they discovered that Toshiba received orders through Westinghouse Electric, and Westinghouse Electric hired Shaw Group to handle construction.

As for the Shaw Group company, it was just an empty shell at first. Later, it became famous in the related field through the acquisition of another engineering company, and then obtained orders from Westinghouse Electric.

Kong Yu did not go any further in sorting out this aspect. He only planned to let some friends make a fuss about this aspect to see if they could spark some breakthroughs.

"That Shaw Group company is relatively grass-roots, right?" Fang Zhuo asked.

"Well, the qualification time is not long, there is always no harm in checking." Kong Yu scratched his head, "The Nuclear Energy Regulatory Commission NRC may still be able to produce temporary bad news. I don't know whether it will work. If there is no Yes, then continue down and wait."

Toshiba is stuck, and the situation will be determined by the free market, but it cannot delay the clearing up of other companies in its hands.

"It's quite a lot of trouble." Fang Zhuo commented, "The wide range of influence this time is indeed a bit beyond my expectation."

For more than a month, it appeared on the front pages of the media many times, and the Internet popularity continued unabated. It even became a topic of debate in the American election campaign, which even Fang Zhuo, the person involved, found it shocking.

Kong Yu nodded: "In the final analysis, they are the ones who made the fraud. I believe that as long as there is time to continue the investigation, more cases of fraud will definitely be found."

This time it was launched following the signal from Olympus, so the time was a bit rushed.

He added: "I think it's outrageous that Toyota doesn't recall the problem vehicles in China."

"Logically speaking, the domestic market is an important market and should be taken seriously. But if you look at HTC, its current development has been suppressed, and it strangely does not pay attention to the experience of domestic consumers." Fang Zhuo shook his head, "Outrageous After seeing too many things, you won’t realize they are outrageous. Aren’t these frauds outrageous?”

Kong Yu thought about it and realized that the fraud he had seen so far was outrageous.

For example, Kobe Steel and Kobayashi Chemical's counterfeiting methods are quite crude.

After arriving at the hotel, Kong Yu immediately contacted the United States to check if there were any updates. He originally expected there would be news from the NRC or the state of Georgia. Unexpectedly, after a few phone calls, he got new media information.

In the past two days, the American media and the Japanese media have been shouting at each other on the Internet, and they are a little bit superior to each other.

Two hours ago, Bloomberg obtained information from sources close to Mitsubishi executives, claiming that there must be problems with Toshiba's financial situation.

Kong Yu confirmed twice that he was a source from Mitsubishi...

Mitsubishi Corporation is also a Japanese Fortune 500 company that has made achievements in many fields, and it and Toshiba are old enemies.

"There must be problems with Toshiba's financial report. In order to acquire nuclear power technology in 2008, it spent a lot of money to acquire Westinghouse Electric. The original market price was at most US$3 billion, but Toshiba spent a full US$5 billion."

"The news I heard was accurate. It was Mitsubishi who raised the price back then. Anyway, Toshiba is having some difficulties now. I believed it as soon as I saw the WikiLeaks revelation."

The source mentioned an old case of malicious bidding.

After listening to Gasoline Man's report, Fang Zhuo said: "This can only prove that he is not optimistic about Toshiba. He still lacks something substantial. If he wants to crush Toshiba, he still needs something substantial. We have to look at the United States. situation."

The situation in Fukushima this year has had a serious impact on the global nuclear power industry. Kong Yu and the NRC also noticed this situation. Toshiba had previously made a bold statement that it would accept orders for 39 nuclear power generating units from around the world by 2015.

However, there is a slowdown trend in the United States, and the impact of the Fukushima incident was very severe.

Kong Yu hopes that the NRC and other relevant agencies will notice Toshiba's scandals and further promote relevant decision-making, but this may also take time.

Perhaps, if follow-up companies such as Mitsubishi and Panasonic are also exposed, NRC will increase its stakes again?

The information Kong Yu has in hand is about the company Mitsubishi...

Mitsubishi and Toshiba have a bad relationship, but both of them are on Kong Yu's strategy list. On the contrary, Mitsubishi's fraud is more realistic.

The next ones I plan to talk about are Mitsubishi and Panasonic.

One is motor fraud, and the other is huge losses beyond Sony.

"Mr. Fang, we have received information channels about Japanese companies' fraud. More information that is difficult to distinguish between true and false has appeared. We can't verify it now. We will release it together in the end. How about it?" Kong Yu established a reward reporting report , as the incident was hotly discussed, the news received also suddenly increased.

He suspected that there was fishing by some departments in Japan, so he only took a look at it but did not take any action.

"Keep it, wait for a long time, it won't be true, just verify it slowly." Fang Zhuo said with a smile, "I see that the Nikkei index has been falling recently, you have done something that can be written into your memoirs matter."

Kong Yu nodded. He felt that this time it was okay, but paying attention to Soros's thoughts on the Japanese yen aroused more interest.

At this time, the doorbell of the suite rang.

Someone from Sony came to visit.

A total of three groups of people came.

The three groups of people all expressed their pros and cons about Sony's situation, and they all sincerely hoped to gain Mr. Fang's final support.

Kong Yu looked puzzled. The boss seemed to have the same attitude towards them.

He asked: "Mr. Fang, who among them has a better chance of becoming the new CEO?"

"Who knows, I think anyone will be accepted, and they will all be willing to let me continue to be a director." Fang Zhuo shook his head, "Nominations will be made tomorrow morning, but if that doesn't work, I will propose drawing lots then. Anyway, it's pretty much the same."

The three people are all Sony locals. They all had separate conversations in New York. Some asked themselves to continue to be directors, some wanted to submit to the nomination committee, and some even asked the chairman.

When Fang Zhuo saw them like this, he felt reassured about the next head of Sony, thinking that with another term like this, Sony might be able to be split up.

As long as it is taken apart and there is no prospect, there is no need to worry about its prospects getting worse.

"Bloomberg has sent people to Tokyo to dig deeper into the sources." Kong Yu clicked on his phone, which showed the newly updated trends. "I guess the interview can yield more results."

Fang Zhuo smiled and said: "Everyone cares about Toshiba. No matter how cold Toshiba is, we must find some fun for it."

Kong Yu nodded deeply: "So, Toshiba should hurry up and comply."