Chapter 153. Volvo for sale
Li An waved his hand and said, "Okay! I was wrong, I apologize to you."
Seeing Ang Lee's apology, He Wen said with a smile: There will be an auction in Xiangjiang in a few days, will you go!
Li An smiled and said: "Go! I just want to go to Xiangjiang to get acquainted with the young talents there, find a thigh hug, when it's too late to go, I still have something to do."
He Wen said with a smile: There are still 3 days, and we will set off in three days.
Li An nodded and said, "Okay, you can call me then!"
Listening to Ang Li's words, He Wen walked out with a smile.
As soon as He Wen went out, Wang Jingchu hurriedly walked in with a stack of documents, looked at Li An and said: Oh no, Volvo's shares are about to be sold, but we were not invited to participate.
Ang Lee thought for a while and said: How much does he sell.
Wang Jingchu said: All for sale, 60 percent of the shares.
Ang Lee said: This foreign devil is obviously taking revenge! How much do you estimate how much he will sell for this auction?
Wang Jingchu said: The actual price should be between 6.5 billion and 7.2 billion, and I estimate that if it is auctioned, it will likely exceed 8 billion.
Li An took a puff of cigarette and said: The shares must be collected, otherwise the shares in our hands will be waste paper, you wait for me to make a call.
Li An took out the phone and called An Zhengde.
After a while, the phone was connected, and Li An said with a smile: Uncle An has been in good health recently.
After listening to Li An's words, An Zhengde said angrily: Say something directly, I don't have the time to talk nonsense with you.
Li An pouted and didn't know where this old man was sick, and his tone was so impulsive, Li An said with a smile: That's the case, I beat the president of Volvo China a few days ago, doesn't he want to sell Volvo's shares these days? I want to replace Uncle An and buy it in the name of An's.
After listening to Li An's words, An Zhengde sighed and said: I know about this matter, I heard that it is still for a woman, you said that you have managed such a big company, why are you still jealous and jealous for a woman every day!
Li An could only smile awkwardly, and he didn't know how to reply.
An Zhengde continued: I have already guessed this matter, the invitation has been left for you, I will ask the driver to send it to you in a while, and you can go in the name of An Shi!
Li An smiled and said: Thank you Uncle An, I wish Uncle An good health and a long life.
An Zhengde smiled rarely and said: Okay, don't be a sycophant, what do you say, just for a woman, make such trouble, and spend a lot of money, you! When will you be less impulsive!
Li An hung up the phone and said to Wang Jingchu with a smile: Okay, the matter is settled.
Wang Jingchu said apologetically: I'm sorry, you are still being talked about, and you have to spend more money.
Li An waved his hand and said: Isn't money just for spending? By the way, when will the auction be?
Wang Jingchu said gently: Just tonight, in the living room of the Hilton Hotel.
Ang Lee said: Okay! You go and bring me the Volvo information, I need to take a look.
After listening to Li An's words, Wang Jingchu stretched out his hand and handed the information in his hand to Li An.
I've sorted it out for you, and I know you'll be watching.
Li An stretched out his hand to take the information and read it seriously.
Volvo is a subsidiary of Ford Motor Corporation of the United States, and in 1999 Ford bought the Volvo brand for $6.5 billion. However, the Volvo brand has not performed well in the past few years, and sales of Volvo cars have been declining for the past few years after being acquired by Ford, and since 2005 it has been losing money for five consecutive years, with annual losses of more than $1 billion, and the 2008 financial crisis exacerbated Volvo's losses. Years of losses have caused Volvo's asset value to fall from $6.4 billion when Ford acquired it in 1999 to $2 billion today, a 68.75% drop in asset value in ten years. The inflated portion of goodwill has not been accurately accounted for. After selling Aston Martin, Land Rover and Jaguar, Volvo became the target of Ford's divestment.
Ford and Volvo share a lot of technology and patents, and Ford is not keen to sell Volvo to a large car group so as not to strengthen the rivals' competitiveness because of concerns that the technology will be used by competitors.
So in the end, China was chosen, because there is no car company in China that can compete with Ford, and the impact of the international financial crisis has caused the global luxury car market to shrink sharply in 2009. Mercedes-Benz, BMW, Audi and other first-tier luxury brands have seen a significant decline in annual sales, while China's luxury car market has grown at a rapid rate of more than 40%, of which Volvo car sales in China in 2009 increased by more than 80%. Therefore, for Volvo sedans, if they want to turn a profit as soon as possible, it is obviously a wise choice to choose a Chinese buyer.
This time, Ford sold 60% of the equity of Volvo Car Company and related assets including intellectual property, but unfortunately there is no manufacturer, which means that after Ang Lee buys it back, he has to invest in building a production workshop, which is the biggest expense.
Li An gritted his teeth, then he had to buy it, and it was a big deal to buy a domestic car manufacturer, so that it happened to be full coverage of the middle and low end, isn't it just money?
Just as Li An was thinking, Wang Jingchu walked in with documents and invitations.
Li An looked at her and said: Volvo only sells its brand and manufacturing technology, and after we buy it, we have to buy a domestic car manufacturer, you will go and collect this information!
Wang Jingchu smiled and handed the information and invitation letter in his hand to Li An and said: I have already thought of it, you see that this is the information I prepared for you, you see how this domestic automobile company is.
Ang Lee took the information, and slowly I opened it and read it. Shengli Automobile Group is a subsidiary of Zhejiang Shengli Holding Group, headquartered in Hangzhou, Zhejiang, China, and has automobile and powertrain manufacturing bases in Taizhou/Ningbo in Zhejiang, Xiangtan in Hunan, Chengdu in Sichuan, Baoji in Shaanxi and Jinzhong in Shanxi, as well as overseas factories in Belarus and other countries and regions. Shengli Auto Group is a leading car manufacturer in China and aspires to be the most competitive and respected Chinese car brand. Shengli Auto Group now owns the Shengli Auto brand, the Lynk & Co brand and the Geometry brand, owning a 49.9% stake in Proton Motors and all the management rights, as well as a 51% stake in the luxury sports car brand Lotus.
Seeing this, Li An closed the information, and stared at Wang Jingchu's eyes with his eyes.
Wang Jingchu was embarrassed by Li An's look, and said with a red face: Are you not satisfied with this car company?
Li An said speechlessly: I only spent more than 10 billion yuan to acquire Volvo, but you gave me a domestic car brand of more than 200 billion yuan, then I directly acquired Mercedes-Benz cars, I bought them and they still have to develop and manage.
Wang Jingchu said with an embarrassed face: Didn't I want you to do it in one step?
Ang Lee said: I bought Mercedes-Benz in one step, how good BMW is, I still need to buy these small broken companies.
Wang Jingchu smiled and handed the remaining documents in his hand to Li An, and said gently:
I got it wrong just now, this is the target I picked, come and see.
Ang Lee took the information and looked at it.
Hailong Automobile Base is located in Haikou Industrial Zone, Zhengjiang City, covering an area of 2 million square meters, with an annual output of 150,000 passenger car capacity, 2,800 employees, after more than ten years of construction, has a good asset structure, built in the domestic leading level of automobile stamping, welding, painting, assembly process production line, Hailong Automobile engine technology from Japan Mazda Automobile Company, once the two companies married, and finally divorced because of some special factors, but left advanced automobile engine technology.
More importantly, Hailong Automobile has a group of mature talents in the automobile industry, a set of independent vehicle research and development capabilities, an independent service and sales network, and an independent supply supporting system.
After reading the information, Li An nodded with satisfaction, this company is very good, and after the acquisition, it only needs to invest 3 billion to build two automobile manufacturing plants.
Li An closed the information, looked at Wang Jingchu and asked: I think the assets of this company are very good! Can he sell them?
Wang Jingchu said with a smile: Since the death of the chairman of Hailong Automobile the year before last, Hailong enterprises began to lose money year after year, with a total loss of 5 billion yuan in three years, and their current chairman has begun to invest in real estate, Hailong Automobile has been sold since last year, and no one bought it at a bid of 5 billion last year, and the current price is 3.6 billion after a year, don't you say this is prepared for us?
Li An nodded and said: You go and contact Hailong Group now! Don't worry, you must find out its overall operation and asset structure, and if you don't even ask, you can buy it!
Wang Jingchu nodded and said: Okay, I already asked Zhou Ming to check a month ago, I planned to buy Hailong Cars and Volvo, and preferably Rolls-Royce, and eventually become the leader of China's auto industry.
Li An nodded and said: Your ambition is not small, since you know what to do, why do you still give me the information of the victory car.
Wang Jingchu said with a smile: "Didn't I want to see your ability? See if you are a loser who only knows how to spend money and is reckless."
After hearing this, Li An pursed his lips and did not speak.