Chapter 10 Jia Lei got his wish!

Since Jia Lei and Huang involved BMW's acquisition of Rover Motors, he was the only buyer left in the acquisition, so British Airways had to ask them to come over to negotiate.

"After careful discussion by our various departments, we still feel that the purchase price and acquisition plan you put forward are more reasonable, so the above agrees with the acquisition of Rover Motors submitted by you, and I believe that you will be able to run Rover Motors better. Said the British Airways guys.

"Thank you for your trust, but I'm afraid we will live up to your trust, and now we can't sign this acquisition!" Jia Lei said with a smile.

"What? Don't you like the BMW Group plan to buy Rover?" asked the British Airways man anxiously, and it would be bad if that was the case.

Now that Rover Motors stays with British Airways for one more day, they will lose a day's money!

"We're still going to buy Rover Motors, but in the current situation, the acquisition we talked about is no longer appropriate. Little Jew said with a smile.

"What is wrong with the previous acquisition? Is it the price?"

"It's not about the money, it's about the workers! We said at the beginning that after we bought Rover Motors, we would probably have to break it up and reorganize it and fire some of its employees, and it was because of this that we didn't negotiate with you that we turned to BMW.

But the workers of Rover Motors are now marching in the streets every day, and we two are too timid to pay them to work for us. Jia Lei explained that this is equivalent to spending money to invite a bunch of uncles back.

"This ...... We can't do anything about the workers marching in the streets! Recently, the government has been worrying about their demonstrations, so we want to sell Rover Motors as soon as possible. The British Airways people were worried that Rover Motors had now become a hot potato in their hands.

"It's because there are too many workers at Rover Motors that it's hard for them to make trouble!

That's why we want to buy Rover Motors and sell some of it after it, so that the remaining number of people is smaller, and it is easy to manage and adjust. Jia Lei explained.

"You're right! But the most important thing for the British government right now is the unemployment rate, and they will never agree to you firing the employees of Rover Motor Company. If you insist on doing this, we probably won't be able to talk about this acquisition. Said the British Airways guys.

"You misunderstood us, we didn't mean to put Rover employees out of their jobs!

We just want to sell some unused departments and factories to other entrepreneurs in a package, and we can sign an agreement with the next company before the sale, so that they will not fire Rover employees for three years and three years without cause. Do you think that's okay?" asked Jia Lei.

"That's okay! I'll pass on your comments to the above, and I think after a while Industrial Cloth should come to you to talk about the acquisition." Said the British Airways guys.

"I'm looking forward to that day coming soon!" Jia Lei said happily.

This day really didn't make Jia Lei wait long, and the British government soon sent someone to meet them, and it was still Lord Sainsbury, the head of British trade and industrial cloth, who received them.

"You should know that the only condition for British Airways to sell Rover Motors is that there are no layoffs, and if you insist on buying Rover Motors and then splitting and reorganizing, then you will lose the right to buy Rover Motors. Lord Sainsbury reminded Jalei that he hoped Jalei's terms would not go too far.

"Actually, it doesn't matter to us whether we buy Rover Motors or not! We have such a large amount of money in our hands, and no matter which country we invest in, it will be welcomed by the local government.

If it weren't for the fact that Little Jews wanted to contribute to the Victor family and the British government, I would have preferred to invest the money in Silicon Valley in the United States and invest in the emerging Internet companies there. Jia Lei said slowly.

"Hmm......" Lord Sainsbury fell silent.

Jia Lei is right, he will be very popular with such a large amount of cash no matter which country he invests in, and now Lord Sainsbury will not dare to threaten them with the government anymore.

If you really don't want to buy Rover, you shouldn't secretly tell the BMW Group that they are discouraged from buying Rover. Lord Sainsbury said angrily.

Jia Lei didn't deliberately keep it secret when he did this, so the British government found out as soon as he checked it.

"What did I do wrong? I just conducted a very ordinary business investigation into Rover Motors in accordance with the rules of the industry before the acquisition of Rover Motors.

Then out of the spirit of communication, I went to exchange information with the BMW Group, which shouldn't be illegal, right?" Jia Lei asked with a smile.

"It's not illegal for you to do this, but you're doing it to make the council very angry, and everyone hates snitches. Lord Sainsbury gritted his teeth.

"I don't think you should hate me like that! At least for the sake of the British Empire's face, there are some situations I didn't tell the BMW Group, such as this ......," Mr. Jia said, and then he took a document out of his bag and pushed it over.

"Where did you get this?" asked Lord Sainsbury, pale, as he flipped through the information.

"Your Excellency, don't forget that my surname is Victor, and the Victor family has been connected in both British business and political circles for hundreds of years, and it is just a small matter to me to find out this little thing!

I'm not as easy to fool as the rich second generation from Germany, I can believe whatever you say......" Little Jew said disdainfully.

One of them is an Englishman with a grandson, and the other is the heir to a British baron, and the little Jew has a home advantage in this acquisition.

According to this information, Rover Motors not only has a problem with unclear accounts, but it also has a bigger problem with the evaluation of its own assets. You have inflated the value of Rover's actual assets by making false accounts, which you then used to offset its liabilities.

But in fact, Rover Motors is not worth 800 million pounds at all, and its actual assets are almost insolvent!

If your British government drags on this takeover for another year and a half, Rover Motors will go bankrupt. Is that right?" Jia Lei asked with a smile.

"Yes!" Lord Sainsbury squeezed the word out of his teeth.

"If Rover Motors really goes bankrupt, all of its more than 30,000 workers will lose their jobs!

You might as well sell it to me while the Rover Motor Company still has half a breath, at least I can keep half of the Rover Automobile Company's workers, and the other half will help them find a good place to go. Jia Lei said.

"You only want to keep half of the Rover Motors workers, that's impossible!

We, the British government, are responsible for every British worker and cannot let them lose their jobs!

You must promise that you cannot fire any of the 30,000 workers at Rover Motors so that we can sell Rover Motors to you. Lord Sainsbury immediately shook his head and said.

"Didn't I mention in the new plan that they would be guaranteed jobs for the next three years, why are you so obsessed with not being able to fire a worker?" Jia Lei said with a headache

"Because three years is too short, for the sake of the workers, I think it should be extended to at least ten years!" said Lord Sainsbury.

"Don't you think you're asking for a bit too much!

Three years is not a short time, I can't guarantee them for a lifetime, right?

You don't want to think about why I should kick the Rover workers out if they didn't do anything wrong.

If the British government is sincere in its desire to make this deal with us, it should not always think from the perspective of politics that is strong for itself, but from the perspective of a market economy.

Your Rover Automobile Company is too expensive, I can't afford to pay for it! Otherwise, my family will be stolen by them......" Jia Lei sneered.

"What do you mean by that, we British workers are the best workers, and they will never steal!" retorted Lord Sainsbury at once.

"Ordinary workers are just lazy and perfunctory in their work, and they really don't do much damage to Rover Motors. And the person who really caused the Rover Motors to cause serious losses was the management of the Rover Motors Company, which had thousands of people.

They're just a bunch of rats that are stealing food in Rover Motors! I won't keep any of these people anyway!" Jia Lei snorted coldly.

"You must have proof of what you say, or I will sue you for slander." Lord Sainsbury said he felt Jalay was slandering the British.

"You want proof, don't you? It's all here, see for yourself. After Jia Lei finished speaking, he threw a document in front of Lord Sainsbury, and he quickly picked it up and looked at it carefully.

"In fact, I have always wondered that although the sales of the new models jointly developed by Rover Motors and Honda Motors are average, according to this sales volume and profit, how can Rover Motors not cause a huge loss of more than 2 billion pounds?

If I don't find out the cause of this loss, how dare I take over the Rover Automobile Company? And then my people found out about ......it," Jia Lei pointed to the information and said that he did not give this information to the BMW Group because he did not want to offend the British government.

As mentioned earlier, about 1/3 of the cars produced by Rover Motors will not be sold every year, and 1/6 of the unsold goods in the automotive industry are acceptable unsold proportions.

Although Rover Motors recorded these backlogged cars as valuable assets on its balance sheet, it did so at best by misrepresenting assets, leaving Rover's actual assets inflated and a little watery.

But as long as these cars are still there, Jia Lei won't lose too much money after taking over!

But the bad thing is that in the automotive industry, there is also an unspoken rule of internal subscription, and this internal subscription can not only get the in-demand models but also buy cars at low prices at internal prices.

According to this information, Rover Motors actually sold its own cars to its employees at a price lower than cost when it subscribed internally.

The number of units sold at a loss is as high as 31,000 units per year, while the number of vehicles sold within the BMW Group is only 5,000 units per year, which is only one percent of their annual sales.

But Rover Motors' sales are far less than those of the BMW Group, with 31,000 cars accounting for 18% of Rover's annual production!

Moreover, the senior management of Rover Motors can even buy 5 Rover cars per year at a price below cost, and some people make money by this method.

So many cars have been sold in-house by the management of Rover Motors at a price below cost, what do you say they are not stealing by doing this?" Jia Lei asked disdainfully.

"I'm sorry! This is a matter of poor supervision by us, and we will definitely fix it. Lord Sainsbury said helplessly.

"If it weren't for the fear that the British government would be too embarrassed, we would have stabbed this matter in the newspapers! Do you think the management of Rover Motors has done such an exceedance, and we would dare to keep them in the company?" asked the little Jew.

"Is that why you want to fire Rover Motors?" asked Lord Sainsbury, with a headache.

"This is only one of the reasons, but it is the most critical and convincing reason, isn't it?"

"Well, I agree that you can fire some of the staff and management when you take over Rover Motor Company......," said Lord Sainsbury reluctantly.

"Thank you!" Jia Lei nodded.

"But I hope that the number of employees in this part is not too large, otherwise the union will definitely get you in trouble?" Lord Sainsbury reminded Jia Lei.

"In that case, I am afraid that I will have to trouble Lord Sainsbury to withdraw these management before we acquire Rover Motors. Jia Lei said.

"Do you think I'll agree to such an offending thing?" said Lord Sainsbury, rolling his eyes, and as a politician he would certainly not take this hot potato.

"I also know that this bad guy is difficult to be, so I will give the British government some compensation as appropriate!

In addition to the conditions that we have negotiated in previous acquisitions, I can add one more condition that you absolutely cannot refuse. Jia Lei said with a smile.

"Oh, what conditions do you have that we can't refuse?" asked Lord Sainsbury curiously.

"If you've done us a favor, I'm willing to settle £800 million in cash at the time of the acquisition of Rover Motors!

I will not take out a loan from your bank to pay the bills like the BMW Group, nor will I settle this huge transaction in installments, what do you think of this condition?" Jia Lei asked.

"Deal!" said Lord Sainsbury, nodding his head, noting that the British government's recent fiscal deficit was still very high.

They are short of money!

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