Chapter 56: Let go of Wuling
With the dissipation of the dark clouds of SARS, the scandal between Han and Song has long been covered by new hot events, people are very forgetful animals, and Song Qing gradually disappeared in the long river of history, and the only thing that lasts forever is in the hearts of a few people.
Looking at the photo of the two left by Song Qing on the desk, Han Hao carefully wiped it with a white cloth to prevent it from being stained with a little dust.
Time is the best medicine, and Han Hao gradually came out of his grief and began to return to his normal life, but Song Qing slept forever on the softest ground in his heart.
Nangui Province, which is far away in southern Xinjiang, has also changed its main leaders, and the new secretary has taken office from the capital, and Wang Zhaohui has been able to serve as the number one in the province because of his experience in Hujiang City and Jiangsu and Zhejiang Provinces.
The first round of his investigation certainly included Wuling Motors, which has an important industrial position in Nam Gui province, and now Wuling has been reorganized by the Chung Hwa Group, but the integration process between the two sides has been slow.
The main reason is that Zhonghua Group has faced fierce competition in the past two years, invested resources in the research and development of new cars, and did not pay enough attention to its own micro-cars, let alone take care of the new Wuling Motors.
For Wuling, Zhonghua Group has completed the third phase of capital injection, and at the same time has given Huaxia Light chassis and 1.2L engine data.
The biggest change is the production of Huaxia Light at the Wuling Motors base and the start of small-scale exports to ASEAN countries such as Vietnam.
The biggest regret is that Wuling Motors has not been able to successfully list on the B shares, and this work has been delayed for more than two years because of the poor performance of Wuling Motors, which is a heart disease in Nangui Province.
The automobile industry has become a powerful force that can be seen to drive economic development in China, and now Wuling Automobile is in a half-dead state, which makes Wang Zhaohui very dissatisfied.
Knowing that Wang Zhaohui was appointed secretary of the Nangui Provincial Party Committee, relevant people from SAIC Group came to the door, hoping to restart the cooperation between SAIC and Wuling. Wang Zhaohui established a good relationship with SAIC when he worked in Hujiang City, and he trusted SAIC's strength very much.
Although Wuling has reorganized with Zhonghua Group, there are successful cases of Chery breaking up with SAIC, and it is not impossible for Wuling to get out of Zhonghua Group.
"We and GM are very interested in finding a base for the development of mini vehicles in China, and Wuling is a very suitable partner. Now that Wuling and the Huaxia brand have formed direct competition in the market, the integration of Wuling by them will inevitably lead to marginalization.
If we cooperate with the three parties, Wuling will be our only micro-car brand in China, and at the same time, the proportion of shares can be distributed by the three parties according to 3:3:4, and Wuling can occupy 4% of the shares.
At that time, the joint venture will introduce GM's global technology to develop Wuling Motors, and make Wuling Motors the No. 1 micro-car brand in China! Our goal is to achieve sales of 1 million micro-cars in China in 10 years. ”
The representative of SAIC-GM said bluntly to the new secretary Wang Zhaohui.
When he came to Wuling Automobile for on-site research, Wang Zhaohui first had to listen to Wuling's opinions.
"Last year, 73,000 units were sold, and the factory had a production capacity of 30,000 units to help the Huaxia brand OEM, and one-third of the production capacity was vacant.
Now the urgent goal is to launch a new generation of micro-car products, the existing products have been aging and gradually unable to keep up with the trend of the times.
In terms of research and development, Zhonghua Group has given some support, but it is far from enough, and we are temporarily unable to complete the independent research and development of new models as soon as possible.
In terms of B-share listing, because a large amount of accounts receivable has not been returned, it has actually become a bad debt, and China Group is unwilling to advance capital, so its financial status has not passed the review of the China Securities Regulatory Commission.
……”
The new secretary came to inspect, and the leaders of Wuling Motors honestly explained the various problems faced by the enterprise one by one.
"What do you think of Zhonghua Group as a partner? Are they suitable for Wuling Motors now, and what is the feasibility of joint ventures in case of introducing new international brands?"
During the investigation, Wang Zhaohui raised this thorny question.
"Well...... Now it's all family—"
The head of Wuling Motors was a little hesitant and did not know what to say.
"Truth be told, today is to solve the problem, not to think about other factors. ”
The local leader who accompanied the investigation interjected.
"Zhonghua Group is okay, but it does slack off in the development of Wuling Motors. As far as I know, they are also in a state of stagnation in the research and development of their own micro-car replacement, and now all their resources are invested in the field of cars.
Although the original joint venture commitment to us has been fulfilled, the difficulties of Wuling Motors have not been significantly resolved in the past two years. According to my analysis, they must solve the internal problems before they can reach out to our Wuling Motors.
The advantage is that workers' wages can be paid on time, and suppliers are willing to cooperate with us, but there is no hope for the future development of the enterprise for the time being. ”
After taking a sip of tea, the person in charge of Wuling Motors continued to report.
"If we can find a suitable international brand that can really consider the development of Wuling Motors, then I think this proposal is feasible. It's just that all this premise must be based on the premise that the Chung Hwa Group agrees, after all, they own 51% of our shares.
Now the competition in the automobile market is fierce, and if we Wuling Motors do not hurry up to keep up, we will face the danger of falling behind. In the past two years, the industry ranking has been declining, and to be honest, I am also very anxious. ”
From the perspective of Wuling Motors, the integration of Zhonghua Group is indeed missing in the next development direction, and I can't see the way forward. Wuling hopes to have its own competitive products on the market, but according to the current trend, it is easy to become the foundry of Zhonghua Group.
"Wuling Automobile is a key industrial enterprise in the province, and the development of Wuling is related to the overall situation of the province's economy, and we must start from this perspective. With a responsible attitude to the people of the province, we should think about the future direction of Wuling. After going back, the relevant departments came up with a feasibility report to explore the most suitable development path for Wuling Motors!"
Wang Zhaohui ended the symposium cleanly, in fact, he probably had a conclusion in his heart.
Soon the research report was sent to his desk, suggesting that it should become an independent micro-car brand with SAIC-GM and should not hide behind the Huaxia brand. Compared with the wealthy General Motors, the Chunghwa Group belongs to the kindergarten level.
At the beginning, SAIC-GM's price was too high, so Wuling switched to Zhonghua. But now with the Zhonghua Group's price increase, SAIC-GM has also greatly lowered the threshold and set the same conditions as the other party. And after more than two years of integration, Wuling's development within the Zhonghua Group has not been smooth, and the change of door has indeed been supported by some people.
Here, Chery and SAIC divorced, Han Hao didn't expect that it would be his turn soon, and Wuling wanted to break off the relationship with Zhonghua Group.
The condition given by Wuling is that all the investments of the Zhonghua Group will be converted into cash plus interest returns, and at the same time, Zhonghua will return 51% of the shares, and the two parties will have no relationship in the future.
For this reason, the Nangui Provincial Government personally came out to negotiate with Han Hao.
After all, it is still a legal society, and Zhonghua Group is the majority shareholder of Wuling Motors, so it cannot force the other party to withdraw with administrative power.
Han Hao admitted that in terms of the integration of Wuling Motors, the pace is indeed relatively slow. But the most difficult moment has passed, Zhonghua Group is about to usher in new development opportunities, and the cooperation with Wuling will be accelerated. He didn't want to give up the Wuling base, and he didn't want GM to get a springboard to come in and play against him.
At present, there are basically no joint venture competitors in the field of micro-cars, except for Suzuki, and if GM comes in, I really don't know what will happen.
Once a son of heaven and a courtier, it is not surprising that when Wang Zhaohui parachuted into Nangui Province to take charge, the new secretary likes SAIC-GM.
"What if I don't agree to your terms?"
When receiving government officials from Nangui Province, Han Hao asked casually.
"Mr. Han, you are a very successful businessman and know the truth of business. If the negotiation fails, we can only sue the court to rescind the contract on the grounds that you have failed to perform the contract on time. After all, you have not achieved the goal of listing B-shares within three years of Wuling Motors, and there are still ......"
The officials who accompanied the visiting came one by one to say the promises that they had not fulfilled in the original contract, and Han Hao knew that the other party was indeed prepared.
To be honest, the Zhonghua Group does not have the confidence to compete with Nangui Province, and if the local government does not support you, it is useless to stay there. Especially if you really want to tear your face, then it must be Han Hao himself who suffers.
Now it's not business-to-business, Wuling Motors is behind the local provincial government, and in the current context of China, companies can't win the government. The reason why Kim Yangyong was forced to leave the country is because he overestimated his influence.
It can be said that the Nangui Provincial side still gave sincerity, tried its best to negotiate and resolve the matter privately, and promised to return the full amount of the invested capital of the Zhonghua Group with interest.
"Well, sometimes take a step back and hope that Wuling can have a better future. ”
Han Hao is not a person who is willful, since Wuling insists on leaving, then he can't stop it, everyone is good to gather and disperse.
However, he added three conditions, one is that GM must stop the infringement lawsuit filed against Zhonghua Group. Second, the local government has given another piece of land to be used as the production base of the light of China in the future, and it is very convenient to export it to ASEAN from there. The third is to return the chassis and engine technical data belonging to Zhonghua Group, and at the same time do not allow the use and leakage of secrets.
After communication, SAIC-GM agreed to this condition, after all, a micro-car market base is much more practical than a lawsuit that does not know whether to win or lose. In addition, the local government also welcomed Huaxia Automobile to continue to land production, and generously gave a large piece of land as compensation to Zhonghua Group. As for the technical data, GM promises that there will be a global synchronous injection of model data, and there will be no need to use Chunghwa Group's products.
Without too much entanglement, Han Hao's nod was equivalent to more than half of the matter, and the rest was just to count the funds and go to the central ministries and commissions to go through the formalities.
The 200 million yuan of funds from the Wuling project can be invested in the research and development of new cars under the Huaxia brand.
This money was actually paid in advance by SAIC-GM, and they were ecstatic to get the base of Wuling Motors, and China's micro-car market has made a big difference.
After Chery officially announced its separation from SAIC, Wuling Motors also announced its separation from Zhonghua Group, and then formed a "Sino-foreign" joint venture model with SAIC-GM, becoming a new independent joint venture.
The domestic automotive industry is surging and has entered a new era of competition. [.]