Chapter 177: Finding a Target
After John Chambers received Bao Zixuan's order, he immediately contacted major headhunting firms in the United States. It is necessary to recruit automotive R&D personnel and begin to inspect the factories that the American auto giant is preparing to sell.
The U.S. auto industry has been hit hard by the oil crisis. Now many companies have a large amount of production capacity that has not been released. The operating rate of workers is seriously insufficient, and life is very difficult. Many of the automotive engineers in the United States are unemployed, and suddenly received an intention from the Black Cloud Group to recruit a large number of automotive engineers and buy automobile factories and machinery and equipment.
Many auto giants in the United States have reached out to John Chambers, after all, everyone knows that the Black Cloud Group has a lot of cash flow. It is very rare to be able to make a fortune at this time, not to mention that Bao Zixuan is very generous in buying things. This is a once-in-a-lifetime opportunity, and it is likely that there will be no such shop in this village after this village. Everyone is very positive, after all, where the factory is idle, every day is a sky-high expense.
Workers' wages alone are a big headache for these auto giants, and the American Auto Union is a very powerful organization. The consequences of dismissing workers are unaffordable for many large companies.
When the automotive engineer heard that the Black Cloud Group was recruiting, what were you waiting for to sign up for. Bao Zixuan knew that if he wanted the horses to run, he had to eat good grass for the horses. The salaries of the entire Black Cloud Group branches in various regions of the world are very high, mainly because the current Black Cloud Group produces profiteering products, and many of them are in a monopoly position.
Now listening to the fact that Heiyun Group is going to enter the automotive industry on a large scale, many excellent engineers are inexplicable. This made Bao Zixuan very happy. It seems that Heiyun Group is not weaker than other large companies in attracting talents, and the road will definitely be much easier in the future.
In 1925, Walter M. P. Chrysler spun off from General Motors and created Chrysler Automobiles on its own. In the same year, the company bought Maxwell Motor Company. In 1928, he bought the Dodge Brothers Automobile Company. In 1936~1949, it once surpassed Ford Motor Company and became the second largest automobile company in the United States, but in the 50~early 60s, production was in a period of decline, and in the mid-60s, the company was reorganized to stabilize its position. After 1974, Chrysler's business went downhill again, with serious losses in 1978 and near bankruptcy in 1980. In the end, it was the government's $1.5 billion federal loan guarantee that saved Chrysler from going out of business. In 1982, it began to turn a profit. In 1994, the company employed 115,900 people and made a net profit of $3.7 billion, accounting for 14.7% of the U.S. auto market.
In addition to civilian products, the company is also engaged in the production of military supplies, and has 10 factories engaged in the defense and aerospace industries. The company has export, transportation, finance, credit, leasing and insurance specialty companies and has 132 retail locations in the United States. Headquartered in Detroit, USA, the company still has many branches in Canada, Switzerland, the United Kingdom, Panama, South Africa, Australia and other countries. In the 80s, the Cherokee jeep was jointly produced with Beijing, China. Its car sales rank ninth among the world's automotive companies. It was formerly known as Maxwell Motors.
The company has 36 automobile factories and auto parts factories, 22 parts warehouses and 10 defense and aerospace factories in China. The company's products are divided into two categories: one is automotive products. The company also imports and sells cars from other automobile companies, including finished automobiles and their parts, and the engineering technology, design and manufacturing equipment required for production are provided by Chrysler Technical Center. The second is Chrysler's financial business. Chrysler Financial Institutions and its affiliates provide a variety of financial services to Chrysler's customers. It also provides wholesale and retail financial services, leasing services, inventory financial services and consumer credit. In addition, there are others, mainly referring to the car rental services provided by the five-star transport company and its affiliates since the end of the 80s.
Chrysler was acquired by the German Daimler Group in 1998 for $33 billion to form DaimlerChrysler Automobiles.
In August 2007, Zeepsch Capital Management, a private equity fund led by former U.S. Treasury Secretary Snow, completed the acquisition of Chrysler Automobiles and purchased an 80.1% stake in Chrysler from DaimlerChrysler Group for $7.4 billion. Chrysler will appear as "Chrysler LLC" after the acquisition, and DaimlerChrysler AG will remove "Chrysler" from the company name.
John Chambers is now introducing Bao Zixuan to one of the three major American auto giants, and the current three major American auto manufacturing giants, General Motors, Ford, and Chrysler, are not having a good time. Among them, Chrysler's life was the most difficult.
However, it is simply unrealistic to buy the car factories of GM and Ford, and the thin camel is bigger than the horse. GM and Ford will not sell their car factories no matter how bad they are, and their corporate holding families are terrifying existences, and they are not short of money at all.
Even Chrysler Bao Zixuan did not plan to acquire it, after all, this company has some defense contracting tasks. The U.S. government simply wouldn't agree to sell Chrysler to a Xiangjiang man. But Bao Zixuan knew that he would never become an American citizen in his life. There is simply no chance for the acquisition of such enterprises.
It should not be a big problem to acquire one or two factories and sub-brands, after all, this is also a disguised solution to the employment problem of workers. At the same time, it can also provide Chrysler with funds to sustain its life.
There are only three areas of interest that Bao Zixuan is interested in Chrysler: the Dodge brand, the Jeep brand, and Chrysler's car factory.
In the previous life, it could be sold to the Germans and Italians in a package, but now it should not be a big problem to just buy one or two sub-brands and one or two car manufacturers.
John Chambers: "Boss, only Chrysler Motors in the U.S. meets our requirements right now. There are no problems either in terms of size and technical prowess, the main thing is that they are now in trouble. This gave us an opportunity, but the boss could only acquire Chrysler as a whole if he became a U.S. citizen, otherwise the Department of Commerce would not approve the plan. ”
Bao Zixuan has long thought of this problem, and it is more in line with the requirements to acquire automobile sub-brands and factories. He said, "I'm interested in Chrysler's acquisition as a whole, but it can't be done under the current circumstances." We are now relegating to the next best thing, mainly in talks about the acquisition of Dodge, Jeep and car factories. ”
After all, Chrysler has a lot of U.S. defense business that can't be sold to me, a Xiangjiang person, and now we only need two car brands and one or two factories, and I don't think the U.S. Department of Commerce will be embarrassed. After all, we're going to solve a lot of jobs, and the unemployment rate for auto workers in the United States is very high.
John Chambers: "Okay, I'm relieved to hear you say that. I will immediately study the new plan proposed by the boss, but once the acquisition is completed, I hope that the boss will step in to reassure the Chrysler workers and make them confident in the acquisition of the Black Cloud Group. ”
Bao Zixuan agreed to John Chambers's request, and he also knew the impact of the American Auto Union on the workers, and it would be very troublesome to appease the workers if they did not appease them after the acquisition. This is the reason why many people in later generations do not want to build factories in the United States, there may be some convenience, but the workers alone will be a headache for everyone.