Chapter 47: Strategic
Rosemary was right, although this year's competition was fierce, with an unprecedented 14,411 banks in the United States, the competition between banks could be described as "fierce".
But how much better could last year be than this year? These 14,411 banks can't all pop up overnight, and last year there were more than 14,000 banks in the United States? But in the first quarter of last year, Michigan contributed $10.27 million in profits to shareholders, and this year, the first quarter has ended, and Michigan has contributed less than $8 million in profits to shareholders.
With such a high annual salary, the competitive environment is not much worse than last year, but it has not been able to help shareholders make money, and he, the person in charge of Michigan, cannot explain it.
Looking at the speechless Laural, Rosemary didn't care about herself, she could still be forgiven for making a mistake once in a while, and it was almost the same for knocking and knocking: "Don't say that I don't give you a chance to make up for your mistakes, you must give me all my strength to win!"
I must remind you that the cooperation with Fernandez is of great significance to the United Community Bank! This cooperation must not be just a matter of your Michigan branch, after the completion of this cooperation, the city of Detroit alone is expected to be able to provide us with at least 150 million yuan in turnover and hundreds of millions of dollars in car loans every year, what if we help Fernandez to spread out its business throughout Michigan? That is 1 billion yuan a year and more than 700 million yuan in car loans! I think everyone understands the meaning of this. β
Yes, that's why the Union Community Bank is so cautious about working with Chen Geng: Detroit can bring so much business to the Union Community Bank in a year, what if you add Grand Rapids?
There are 11 relatively large cities in the whole of Michigan, even if Detroit is the largest one, if Fernandez's used car business can be expanded to the whole of Michigan, 1 billion yuan a year bank flow and at least 700 million car credit loans can be guaranteed no matter what.
Also, Detroit is the only major city on the border between the United States and Canada, Detroit on one side of the United States, and Windsor on the other side of the United States, which is represented by the Ambassador Bridge, the Detroit-Windsor Tunnel, the Detroit Central Railroad Tunnel, and Detroitβ For people in the United States and Canada, it is convenient to go to each other's countries as if they are going back to their own homes, and they are directly visa-free.
Since the United Community Bank has established a good cooperative relationship in the early stage of the development of the Fernandez Company, why can't the two be tightly tied together, let the two be mutually beneficial, and let the United Community Bank share the dividends of Fernandez's development? None of the people present were fools, and there was no need to say too thoroughly, Rosemary clicked a little, and they all understood, and immediately became excited: As long as this business is completed, the United Community Bank will be developed!
For the United Community Bank, Fernandez, which took the lead in raising the banner of warranty and limited free maintenance in the second-hand car industry, is a super gold mine that has just developed a generation to take you! A gold mine that can enable the United Community Bank to climb several steps in a short period of time, from the current 70 or 80 in the banking industry in the United States to 30 or 40 or even higher!
Therefore, for this cooperation, the headquarters cannot pay too much attention to it - the headquarters has made money, will its own bonus be less?
Looking at the executives of the Detroit branch who had entered a state of fighting chicken blood, Rosemary nodded with satisfaction: "Very good, it seems that everyone knows the significance of this cooperation with Fernandez for our bank, and here, I also convey to you the attitude of the board of directors towards this cooperation: Fernandez must be treated at the level of our strategic partner!"
I know that some of you look down on the yellow race and look down on Asians, but at this time, no matter what you think in your hearts, you must honestly put your tail away for me.
"Remember!"
It was true that some people didn't take Fernandez too seriously before, but when they heard Rosemary's words, a group of executives were suddenly awe-struck.
"Very well, let's discuss how to take down Fernandes...... Mr. White, as far as I know, you have a good personal relationship with Mr. Fernandez, so let me tell you what kind of man Mr. Fernandez is. β
"Huh, me?" White, who didn't expect to be named at all, stood up with a blank face, a little skeptical that his ears were pretty good.
"That's right, it's you. For the first time, Rosemary had a kind expression.
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"Boss, boss, your car is fixed," Bob ran into the office excitedly, rubbing his hands, "Would you like to take a look?"
"It's fixed?" Chen Geng stood up and said in surprise.
Since he is already the boss, the restoration of the Lincoln Continental Mark 2 was handed over to Bob and Anderson, and Chen Geng's request is very simple: don't be afraid to spend money, but I must be repaired like a new car, and all the parts that need to be replaced must be original!
Fortunately, although it has been discontinued for nearly 20 years, it is not those classic cars that have been discontinued for thirty or forty years, the accessories for this car are not particularly difficult to find, the only problem is that the price of these accessories is really not ordinarily expensive, if it weren't for Chen Geng's money now, he really couldn't afford to repair this car.
"Alright," Bob nodded repeatedly, "I assure you, your Continental Mark 2 is definitely the best in condition and driving quality of all the existing continental Mark 2s in the United States." β
Hearing Bob's words, where could Chen Geng still endure it? Immediately got up and walked out: "Let's go, take a look!"
Bob walked in front of him with a doggy look: "Boss, please follow me." β
The restoration of the Lincoln Continental Mark 2 was carried out in the maintenance workshop in charge of Bob, and without Bob leading the way, Chen Geng himself came to the maintenance workshop with familiarity, looking at the car covered with customized clothing, Chen Geng ......
Chen Geng didn't have pretentiousness such as red eyes and trembling hands, he couldn't wait to tear off the black velvet jersey, and the next moment, the Lincoln Continental Mark 2, which had been renewed, came into Chen Geng's eyes.
Bob explained to Chen Geng very doggedly on the side: "Boss, according to your requirements, on this continental Mark 2, all the places that want to be refurbished, the original parts we use for refurbishment, and the places that need to be replaced are all replaced with new original parts, and we have carried out comprehensive repairs to the engine and gearbox according to your requirements, and ......"
Without waiting for Bob to finish speaking, Chen Geng raised his hand: "Give me the key." β
Bob wisely shut his mouth immediately and obediently handed over the key.
Opening the car door and sitting on the wide, soft and comfortable calfskin seat, Chen Geng immediately felt that his whole body was plunged into the soft leather sofa, comfortable, how did you say that? The wide and soft leather sofa and the front seat of the front seat and the co-pilot are the essence of the American luxury car - imagine that when you and your beloved woman are running on the road, suddenly the interest comes, is it the love to push the girl down when the love is strong hehehe, or the two of them get out of the car and go to the back seat hehehehehe
I didn't agree to brew feelings, but there was a hindering shift lever, handbrake and cup holder between the front and passenger seats, and I had to go to the back seat in a hurry.
Bob looked at Chen Geng who was sitting in the car seat in a daze with an inexplicable face, he didn't know what his boss was doing in a daze, and after waiting for a long time, he found that Chen Geng still didn't move, he called carefully: "Boss?"
"Ahh
"Sell...... How much can this car sell for?"
"The Lincoln Continental Mark 2 in this condition can sell for about $50,000. Chen Geng said casually.
"Fifty thousand dollars?!" poor Bob almost bit his tongue, he could never have imagined that a nearly 20-year-old car could be sold for $50,000 now?
Chen Geng's next words subverted his understanding: "Well, almost, if you meet someone who likes this car very much, it is estimated that it will not be too much of a problem to sell it for sixty or seventy thousand dollars." β
"Uh...... Can it be sold for sixty or seventy thousand dollars?!" Bob really can't believe that a broken car that is almost 20 years old can be sold for sixty or seventy thousand dollars?
"In another 20 years, this car can sell for at least 200,000 US dollars, if you have money in your hand, you might as well buy one while this car is still relatively easy to find," Chen Geng doesn't mind occasionally pointing out his own people to make some money: "The Lincoln Continental Mark 2 is one of the few models in the local American brand that can increase in value over time, and the key is that the price is not expensive...... Do you think I should sell this car or not?"
"Huh? this ...... I don't know ...... either" Bob scratched his head: "But...... I think, since you're so rich, and you're not bad for the money you need to sell your car, there's no need to sell it, right?
"Yes," Chen Geng smiled: "Since this is the case, then it will not be sold." β