Chapter 448 - Buying Shares at a Low Price (1st Update)

"What are the main technical difficulties now?" Xiao Jun asked.

"The main thing is the alloy, we haven't synthesized the most perfect one yet. Anyway, the heat is always a little worse. In addition, the raw materials are a little uneven! In the past, we failed because the raw materials were not made up and other materials were used, so the parts of the energy absorption device manufactured were easily damaged, and they could not withstand the impact and loss of pressure and energy. Tony said.

"Materials?" Xiao Jun frowned slightly, this was a very important thing.

"You can go to outer space and see if there's any new material for you. There is no earth, look at outer space!" Xiao Jun suggested.

"That's fine, but it takes a long time to find the right one. Doctor Doom said in a deep voice. To be honest, he has been working on this energy-absorbing device for the past six months.

"You can ask Dr. Groh when you have time. Xiao Jun smiled. Now after more than half a year, Dr. Groh has completely let go of his hatred for Sun Wukong. He is now in seclusion alone. Every day is to make inventions, research new artificial technology, and at the same time enhance its own strength.

"Yes!"

…………

"Su Ci, what is the stock market in the steel, automobile, new materials and other industries in Europe and the United States now?" Xiao Jun asked.

"The automotive stock market is still in a downturn, and the steel market is also affected by the economic crisis, but it is much better than the automobile market. The new materials market has also been affected by the economic crisis, the stock market has plummeted, and many small and medium-sized companies have collapsed. Su Ci reported.

"Well, I'll take a look. Xiao Jun opened the stock trading of Ford Motor Company and looked at it.

"Hey, Ford has fallen to 5 cents per share, which is a crashing rhythm!" Xiao Jun said unexpectedly. But thinking about it, he was also relieved, after all, the Ford Motor Company of the United States is still much worse than General Motors.

He remembered that when his BYD Motor Company's new energy vehicles were not yet on the market, Ford Motor Company's car sales fell very badly!

More than a year ago, Changan Ford, a joint venture between Ford Motor and Huaxia Changan Automobile Group, decided not to renew its contracts with some agencies that provided workers for it, and automakers are struggling to cope with declining sales in China.

At that time, Changan Ford had "quietly begun" laying off thousands of workers, and at that time, Changan Ford had reduced the frequency of shifts from three to one at its five plants. The company employs a total of 20,000 people in China. Ford's joint venture in Huaxia has long been Ford's layoffs, actually because of weak sales of Huaxia Motors.

More than a year ago, Ford's sales in China were not as good as its earnings report. At that time, Ford's global sales were 5.734 million units, down 8.9% year-on-year. Ford's sales in China fell by 36.9% year-on-year. Among them, the annual sales of Changan Ford were 417,215 units, a decline of 50%. In January of the following year, Ford's sales in China fell by 70% year-on-year.

It is understood that more than a year ago, the total production capacity of Changan Ford's five major factories was 1.6 million vehicles/year, and the first, second and third factories of Zhongqing were about 1.15 million vehicles/year. The low sales volume has led to overcapacity and huge inventory pressure.

These were more than a year ago, when Ford shares were about $8.79 per share. At the time, General Motors stock was $39.5 per share. The gap is not ordinarily large!

In addition, BYD Automobile Company, a subsidiary of Galaxy Group, launched new energy vehicles a year ago, which instantly took away the Chinese market, and a few months later, it seized the international automobile market share. As a result, Ford Motor Company made matters worse.

"Ford should be on the verge of bankruptcy by now. Xiao Jun smiled faintly.

"It's supposed to be going bankrupt. There is no way to save it. 5 cents a share of the company's stock!" Su Ci also nodded in agreement. Falling from $8.9 per share to 5 cents a share is indeed a collapse!

"General Motors is better, but it's not much better. Xiao Jun looked at the stock market of General Motors, and now it is $3.4 per share! It has dropped from 36.9 percent to $3.4 a share, which is also quite miserable.

"Since Ford Motor Co. stock is so cheap, then you can start buying all the shares in the hands of retail investors! Also, General Motors stock can also be bought! 5 cents a share, $3.4 a share, so cheap and don't buy for nothing. Xiao Jun said to Su.

"Do you want to buy these two car companies?" asked Su Ci curiously. If not, the stock of such a subsidiary is rotten to the end, and it is not worth buying at all.

"That's what I mean, but I'm not in a hurry, I'm going to buy the shares of retail investors on the periphery of their companies, or the shares of those financial companies that speculate in stocks. When the situation gets a little worse, we will make another move, and we can negotiate a cheap price when the time comes!" Xiao Jun said.

"Okay, I'll arrange it. Su Cijiao said.

"Wait, in the steel industry, the new materials industry, if you find that the stock market of those large companies is sluggish, it is worth selling, you can also buy peripheral stocks first. Xiao Jun said.

"Mr. Xiao, do you mean that even the steel industry and the new material industry are wanted?"

"Well, the steel industry and the new materials industry are not very good industries in China at present, and it is time to take advantage of this opportunity to frantically acquire a number of companies in these two industries. The plan in Xiao Jun's heart has been thought of a long time ago.

"Okay. ”

…………

On this day, the stock market of the US imperialism and the auto industry is still close to collapse.

Countless retail investors and financial companies want to sell their auto stocks, but no one takes over.

There are only those who sell, and there are no orders to buy!

It's been going on for over a month!

Especially Ford Motor Company, which is even more bleak, 5 cents a share, and those stocks in the hands of retail investors are too lazy to sell. 5 cents a share, especially at this price I feel a headache.

However, on this afternoon, suddenly a buyer began to buy a large number of Ford Motor Company car shares!

As soon as this news came out, it instantly detonated the entire auto stock market circle.

"Fake, finally a receiver has bought these stocks, five cents is five cents, and you can get a little money if you sell them!" A retail investor secretly said in his heart, he had a total of 10,000 shares in hand!

"God, earth, finally there is a pick-up man! Hurry up and line up to sell, in case people only charge a part, it will be bad if you can't get in line!"

"Sell, sell, sell!"

"Hurry up, inform my uncle!"

In an instant, countless retail investors and financial companies who held shares of Ford Motor Company took action one after another, scrambling for fear of being one step behind.