Xu Teng once said that the Huayin consortium's investment in Europe did not make much money, which is both true and wrong, and the investment in the entity is indeed not profitable, but it is still very profitable in the financial industry and capital operation business. Pen "Fun" Pavilion www.biquge.info

The simplest example is the stock market battle between the Volkswagen Group and Porsche.

Many people may not know that the Volkswagen Group has been a German state-owned enterprise for a long time, and in order to protect the Volkswagen Group, Germany has enacted a special "Volkswagen Law" to prevent foreign companies from controlling the Volkswagen Group.

The bill also makes it impossible for the Porsche family, the founding family of the Volkswagen Group, to buy the Volkswagen Group through the stock market.

Eventually, after a long lobbying campaign by Wolfgang Porsche, chairman of the supervisory board of Porsche AG, Ferdinand Porsche's grandson, and pressure from the European Union, Germany repealed the Volkswagen Act.

Since then, Porsche AG has embarked on a snake-swallowing acquisition of the century, attempting to completely acquire the Volkswagen Group and transform the Volkswagen Group into a subsidiary of Porsche AG.

In the history of the European automotive industry, this is a magnificent history of acquisitions.

There is no doubt that Porsche AG and the Porsche family do not have so much capital, and the means they use is a kind of option acquisition in financial derivatives, through the operation of the capital market, to buy the futures shares of Volkswagen from various financial companies and investment banks.

To put it simply, the Porsche family used the Porsche company as collateral, borrowed money from the bank to buy the shares of the Volkswagen Group, borrowed one euro to buy ten euros of Volkswagen shares, and this share was still deposited in various financial institutions, and four or five years later, after the Porsche family completely acquired the Volkswagen Group, the assets of the Volkswagen Group were mortgaged to the bank and the equity was returned.

In the craziest period, almost all European financial institutions were operating Volkswagen Group's shares, and the vast majority of them were buying, so that Volkswagen Group's share price skyrocketed from 240 euros to 1,050 euros, with a total market value of 370 billion euros, surpassing Mobil Group and becoming the world's most valuable listed group.

For the Porsche family, they are always the winners, because no matter how much they rise, their contracts with financial institutions are based on the option price of 370 euros per share.

All the German financial institutions are buying up, and the financial derivatives market brewing behind it is as high as 400 billion euros -- the Huayin consortium is short selling, a huge short selling, because the subprime mortgage crisis is coming.

Xu Teng only knows one thing, that is, the Porsche family did not succeed in the end, but the Volkswagen Group took control of the Porsche company.

Therefore, it is definitely necessary to short sell, a huge amount of short selling.

With the outbreak of the financial crisis, all hedge funds were trampling on the opposite side, all of them were short-selling, and the Huayin consortium withdrew from the market.

In October 2008, the three-year-old investment bubble in the German derivatives market burst and the Volkswagen Group's share price collapsed from a peak of 1,053 euros to 172 euros.

The entire German financial sector, Deutsche Bank, Commerzbank, Dresterbank ...... Hedge funds across Europe have all been hit hard by this avalanche, with total losses estimated at more than 20 billion euros.

The Huayin consortium and AIG made a whopping 17 billion euros and left the market.

Germany's fifth-richest man, Adolf Merkler, the leader of the German hedge fund world, and Melinkentz, the 17th-richest man, both committed suicide because of this incident.

The Porsche family is also miserable, and it can basically be declared bankrupt.

During the craziest phase of the entire financial crisis, no consortium was willing to lend money to the Porsche family and the Volkswagen Group, except for the Huayin consortium.

Where there is a tragedy, there must be a business opportunity.

The Huayin consortium invested in the Porsche family's options and negotiated deals with various financial institutions to buy these options shares, which accounted for 24 percent of the Volkswagen Group's share capital, at a price of 210 euros per share.

This is not the end of the year, and the Huayin consortium, through Phoenix Capital and AIG, agreed to the conditions of the Volkswagen Group to provide 9 billion euros of financing for the Volkswagen Group and take the opportunity to acquire Porsche.

The assets of the Porsche family are also more complex, with two listed companies, Porsche SE and Porsche Automobile, with Porsche SE as the parent company and Porsche Auto as a subsidiary.

After 2010, the two sides formed a very complicated situation, Porsche SE still holds 42.3% of the equity of the Volkswagen Group, and the Volkswagen Group holds 64% of the equity of Porsche AG, and the Huayin consortium holds nearly 1/5 of the equity of both Volkswagen Group and Porsche AG, strangling both sides and restricting further integration between the two sides.

At the same time, the Porsche family owes 3.7 billion euros to the Huayin consortium and the Volkswagen Group owes 9.4 billion euros.

In this business, the Huayin consortium has made a lot of money, including Deutsche Bank, Dresster Bank, and Commerzbank, all of which have taken the opportunity to hold a lot of shares, and through this business relationship, they have continued to acquire many high-quality small and medium-sized enterprises in Germany at low prices after 2008.

Now that's the case, the real economy really can't make much money, and if you really want to make money, you still have to rely on the operation of the financial market.

For example, Xu Teng's real goal during his visit to Europe is to lobby Britain and Germany to launch longer-term oil options, because the Huayin consortium has begun to prepare to short the global oil market, shear the wool of Middle Eastern consortiums and national finances, and make huge shorts to force Middle Eastern countries to use foreign exchange reserves.

As long as the Middle East countries palletize long-term oil prices, the Huayin consortium and AIG will join forces with Wall Street to gamble on a game, and once this game is won, at least hundreds of billions of dollars of foreign exchange will be cut from Saudi Arabia, the United Arab Emirates, and Qatar.

To put it simply, as long as the Huayin consortium shorts long-term oil options in September and December 2014 with dozens of times leverage, Saudi Arabia, the United Arab Emirates, Qatar, Venezuela, Russia ...... These major oil exporters will have to do the opposite to avoid a collapse in oil prices.

How much the Huayin consortium is short, they have to operate in reverse, and win or lose a game.

In this game of chess, no matter how big the chips of the Huayin consortium gamble, these Middle Eastern countries and consortia will definitely lose, because the Huayin consortium is 100% sure of the signal of China's production capacity.

The signal that the United States will stop importing oil and allow oil exports is also under the control of Wall Street.

In other words, as long as the Huayin consortium and the five Wall Street giants reach an agreement, and the Huayin consortium comes forward to short, the Wall Street five giants seem to be neutral, but in fact enjoy dividends, and the Middle East consortium and Russia will undoubtedly lose.

At present, the United States has become extremely hungry, and the wool of all allies must be sheared, Japan and Europe must be sheared, and the wool of Russia, the Middle East, and South America, which are major exporters of resources, must be sheared all at once.

The UK has agreed to launch a new oil options trading policy in March 2012, adding 18 months and 24 months to the original 1, 3, 9 and 12 futures trading days.

If the German side agrees, this gamble will be directly doubled, and the one-year financial derivatives are no longer enjoyable, and the Huayin consortium and European financial institutions are ready to continue to play a big game, playing one-and-a-half and two-year financial derivatives.

You say, how big this bubble has to be blown up!

The oil consortia of the Middle East, Russia, and other countries may not be as simple as $300 billion to $400 billion.

This could turn out to be the worst financial crisis in the Middle East since the 70s.

Now the global economy is like this, the financial industry does not serve the real economy at all, it is all purely to make money for the sake of making money...... Financial regulation in Europe and the United States is also becoming more and more relaxed, and as long as the consortium lobbied, it can basically succeed.

Xu Teng's visit to Europe this time is basically the rhythm of sending money, actively cooperating with the innovative economies of the United Kingdom and Germany, why, isn't it just to further promote the relaxation of financial regulation in the EU?

Therefore, Xu Teng is interested in Ford, Volkswagen, Porsche, and BMW...... These things are a headache, but they can't be taken to heart, just let the other joint partners talk about it, and it doesn't matter what the final negotiation looks like.

There is only one important thing, the global oil price plummets, and the stock prices of these auto companies will double against the trend, especially for European and American auto companies with less refined fuel-saving technology, this increase will be very enjoyable.

The other is to be prepared to manage the world's oil assets.

Three things to do well, making money is a sure thing, this wave of big operations is done, by 2017-18, and then join hands with Wall Street to pull up global oil prices, Huayin Consortium does not make a $500 billion is sorry for Xu Teng's hard work in the past few years.

As for the industry, how much money is made.

At the level of the Huayin Consortium, it is unrealistic to expect to make money with industry, and if A-shares rise by 20% a year, the income of the Huayin Consortium in the financial industry will exceed the profits of its major industrial groups.

How easy it is to go up for two years, down for one year, up for two years and down for one year, and then use huge profits from the financial industry to feed back the subordinate industries of the consortium, provide loose financing for the major industrial groups under it, constantly merge with opponents, constantly develop new technologies and new products, and finally increase the stock price through the operation of the stock market.

Isn't Xu Teng playing like this now, once he puts it bluntly, it's actually as simple as that.

Of course, Xu Teng doesn't care much about the affairs of Huateng Automobile Group, which does not mean that the other co-partners can not care, the senior management of Huateng Automobile is currently in Germany and the United States, pouring out of the nest and dividing into four large teams for urgent consultation.

In Germany, the German government, the media, the business community, and the public are also watching, and it is unknown what will happen to the Huayin consortium's investment in the automobile industry, whether it will cooperate with Germany, cooperate with the United States, continue to maintain a ten-year alliance with BMW, or suddenly join hands with the Volkswagen Group.

In the past two days, Prime Minister Meker also personally called Xu Teng to ask about the decision-making of the Huayin Foundation, but Xu Teng could not give an accurate answer because the negotiation process in all aspects was very chaotic.

Lu Zhifeng, Liu Junsheng's team and the Ford Group of Huateng America are absolutely unwilling to give up the merger, and are lobbying the White House with all their might, and they have also agreed to the new conditions set by the White House to set up new factories in the United States...... However, they say it doesn't count.

This matter is already very messy, in the final analysis, the overall strength of China's auto industry is not strong, without the background of the Xu Teng family and the Huayin consortium, the current so-called Huateng Automobile Group, the world's tenth largest automobile company, is basically not worth a few cents.

The BMW Group and the Quandt family are still emboldened, because although the two R&D and design centers of Huateng Automobile in the UK and China are very mature, they still rely heavily on BMW on the development platforms of Land Rover and Jaguar.

In addition, BMW's joint venture business in China is the three major profit centers of Huateng Automobile Company, and the BMW Group is also the world's largest customer of Sino Soar Group, the auto parts industry of Huayin Consortium.

Finally, the BMW Group holds 1/5 of the equity of Watteng Automobile Company.

The Volkswagen Group is also unwilling to let go easily, and only if Watteng Automobile Company dissolves the Baofhua Automobile Alliance, the Volkswagen Group will sell the shares of Scania Heavy Truck Company to Fresheng Motors.

The merger of Huateng Automobile and Ford Motor is even more dramatic, as long as Xu Teng nods and agrees to the new conditions set by the White House, it will immediately turn things around.

All the suspense is in the two weeks of Xu Teng's visit to Germany, to give a final answer.

Since the arrival of Xu Teng and the business delegation of the Huayin Consortium in Germany, the whole world has been watching the progress of this matter, and now it is up to Xu Teng to make the final decision, because his decision will completely rewrite the map of the global automotive industry.

The whole world is guessing what Xu Teng thinks, in fact, Xu Teng has no idea at all, he seems to have three options for this matter, but in fact, each option is very poor.

There is no way, the level of China's automobile industry is still big and weak, there is no technology, no brand, and the game between the world's auto giants is too hard.

Huateng Automobile Company seems to have a lot of brands, high-end brands Jaguar, Land Rover or completely rely on BMW's technology platform, Aston Martin, which is responsible for itself, has not been very good over the years, and the MG acquired in the early years can't play anymore, so it is resold to SAIC, and Rover is completely hidden.

The sales of Huateng Automobile in China are very good, but the main factor is also the grand strategy of adopting a technical alliance with BMW...... The BMW Group and the Quandt family know this very well, and they are not afraid of Xu Teng and the Huayin Consortium turning their faces at all.

The Volkswagen Group is obviously not as good as the BMW Group.

You say, what choice does Xu Teng have now?

Therefore, in the first few days of his arrival in Germany, Xu Teng did not care about this matter, mainly meeting with the top executives of the German financial industry, semiconductor industry and other emerging technology industries.

As for the auto industry, every time the latest news of negotiations sent to him here leaves him speechless.

Of course, after the Huayin Consortium has been fully presiding over China's automobile industry for ten years, the development of China's automobile industry and the development of "Huateng Automobile Holding Group Company" have also reached a critical point of qualitative change.

Chen Zhixin's dream team of China's automobile industry is just the last kick in the door, at least it can represent the game between China's automobile industry and the world's automobile industry giants, which is already much more powerful than FAW, FAW, and GAC.

It was not until January 17, the fifth day of his arrival in Germany, that Xu Teng met with Wolfgang Porsche of the Porsche family and Ferdinand Piëch, chairman of the Volkswagen Group, at the Hyatt Regency Tiergarten Park Hotel in Berlin.

Before their meeting, the people below had already talked about everything they could talk about.

Xu Teng was quite polite, inviting the two chairmen of the board of directors to sit down in his study and have a cup of black tea together.

The second option proposed by the Porsche family is a little more feasible.

"If you can't make a bigger concession on this matter, then let's forget it. While I was expected to make a big decision, you should know that I don't care about these traditional businesses at all, and it's not worth wasting my time. "Everything that should be talked about has been discussed, and the leaders of each team are doing their best to negotiate, and at this point, Xu Teng can't afford to waste any more time.

If you can't talk about it, then forget it.

Anyway, the Porsche family's controlling stake in Volkswagen was stopped by him, and he wanted to absolutely control the Volkswagen Group, without his consent, it was basically a dream, although the Lower Saxony government still held 20.5% of the shares of the Volkswagen Group, but the attitude over there was tougher than Xu Teng.

The Volkswagen Group now wants to completely merge Porsche, and without Xu Teng's consent, it will not be able to get the 18.4% stake in Porsche Motor Company held by Xu Teng, and it is impossible.

As for BMW and Ford, Xu Teng's desire to control the BMW Group is tantamount to a dream, and if he wants to completely merge Ford Motor, he will have to pay a heavy price.

So, now it's a super messy situation, all parties are stuck, and no one can completely settle this mess.

Xu Teng invited Wolfgang Porsche and Ferdinand Piëch over this morning, which is to completely show his attitude, stiff, he doesn't care at all.

Anyway, these two together owed 13 billion euros of debt to the Huayin Consortium-AIG Alliance, and the external financing environment when the loan agreement was signed was very poor, and the interest rate was of course very generous, and Xu Teng had 10,000 reasons to drag it on.

"We can sell Scania, however, Audi can't be on the list of deals. Chairman Ferdinand Piëch made a slight concession and no longer asked Vangt Motors to withdraw from the Bulfflower Automobile Alliance, but also went one step further, "At the same time, the Volkswagen Group must fully own the Porsche Motor Company!"

Wolfgang Porsche did not object to this proposal, and the two old things have been secretly discussing countermeasures for half a year, and have already agreed to join forces against the Huayin consortium.

An agreement has only been reached now, too late.

"We all know that this deal is a good thing for both parties. Chairman Ferdinand Piëch added that, after all, the Huayin consortium is also the second largest shareholder of the Volkswagen Group, and the rise in the Volkswagen Group's share price is a good thing for all parties.

"Do you really think I care about this little business?" Xu Teng is not Chen Zhixin, nor is he one of those senior partners in the automobile business under the consortium, so he is not so easy to speak, "When I decided to intervene in the game between the two companies in the stock market and shorted your transaction a lot, did you really think I was helping you? Prevent the Porsche family from acquiring the Volkswagen Group?"

He said this to Ferdinand Piëch, the chairman of the Volkswagen Group.

"My target is Deutsche Bank, Commerzbank, and the German financiers, do you really think that when Adolf Merkle and Melinkentz commit suicide, I will blink at their deaths? ”

Xu Teng did not speak to them angrily, but spoke very cold-bloodedly, because he was not only the major shareholder, but also the largest creditor of the Volkswagen Group and the Porsche family.

He used the profits from killing Adolf Merkle and Mellinkentz, two rich Germans, to lend Volkswagen Group and Wolfgang Porsche, and used these blood-soaked euros to prevent their stock prices from collapsing.

He didn't have any expression at all, and pressed the tablet PC on his desk and instructed Dr. Lu, "Someone send a glass of whiskey." ”

"I really don't think drinking will help solve the current complications, and maybe I have a better proposal. "Dr. Lu, 4# Master of Illusion, made an autonomous decision.

The LCD TV in the study was activated, and Dr. Lu's Mai Lang interface appeared.

This problem will always arise when the autonomy of AI is too high.

"Don't force me to lower your autonomy. Xu Teng didn't bother to reason with Dr. Lu, sitting in his chair, indifferent without any expression, he was really fed up with this matter, fed up with these self-righteous German auto giants.

He is really fed up with the situation that he clearly occupies the initiative, but instead wants to be blackmailed by these old things.

So, he made a simple decision to be an authentic saboteur who didn't care about the share price of the Volkswagen Group at all, and let BMW, Volkswagen, and Porsche suffer losses with him and hurt each other.

"I have arranged for the waiter to bring the wine, two old gentlemen, Mr. Porsche and Mr. Piëch, do you need other drinks, we can serve 153 alcoholic beverages and 70 non-alcoholic beverages from all over the world, I recommend you to try the aged rice wine produced in Shaoxing, China. "Dr. Lu's current autonomy coefficient is 12, the highest value, which will inevitably dominate the crowd.

Neither of the two old things came to their senses, they certainly didn't have time to watch the movie and didn't know anything about the AI butler of Iron Man.

"It's my AI steward, it's also my data advisor, and I've spent $7 billion on the little bit of AI science. Xu Teng could only explain a little, "This is the main reason why we are able to defend ourselves against the US cyber intelligence agencies, and I am absolutely sure to tell you that the Volkswagen Group must also be under the surveillance of the US cyber intelligence agencies." If one day, when they want to accuse you, they can always find evidence in your database. They are already using this tactic against European financial institutions and the London Interbank Lending Association. When the U.S. Treasury accused the Royal Bank of Scotland and the London Interbank Offered Association of manipulating interest rates and threatening the U.S. banking sector, they approached us to do an inventory of the database, only to find that the U.S. had been monitoring them since the subprime mortgage crisis erupted. All of the IBM servers they use have backdoors, all under the control of the NSA and CIFA. ”

"We all know this is America, but it's also my real business. Xu Teng decided to take this opportunity to clarify the situation with the two veterans, "We, like the NSA, collect data and information on the global network, faster and more comprehensive than Bloomberg, which allows us to grasp the fastest business information in the global financial market, so when Deutsche Bank and we hedge, we can calculate in just a few minutes, only need 17 billion euros and 55 times leverage, and we can crush the entire German financial industry at the most suitable time." That's why your old friend Adolf Merkle is going to commit suicide by lying on the rails, and I'm here to reap all the profits. ”

"So, let me stress to you again, don't waste my time, I don't care about the auto industry at all, I don't care what your plans are. If I were to transfer your shares, it would be at the moment when I thought it was the best, the moment when I could make a profit several times over. I don't care what you guys think, I'm a villain, and I'm happy to be a villain. ”

Xu Teng made the truth clear at one time.

Dressed in a white shirt worth £700, a suit vest worth £3,500 and Italian leather shoes worth €1,900, Vacheron Constantin wore the "Navigator" watch, which Vacheron Constantin had launched only a few weeks earlier, and was the most expensive high-tech luxury watch ever made, with works of art set with more than 100 crushed blue diamonds, 14 chips and dozens of wonderful functions.

He sat down in his chair and took a glass of whiskey from the waitress and shook it slightly, giving the two self-righteous old things a moment to figure out what the situation was in.

He had already told the other party very clearly that if the situation was still the same below, and he still wanted to blackmail those shares from him, then get out of his hotel immediately and wait for him to slowly cut the flesh with a blunt knife.

In fact, if it weren't for the Huayin consortium blocking it in the middle, this matter between the Volkswagen Group and Porsche would have been over a long time ago, but both sides would have to pay more costs and would not be pinched by the Huayin consortium.

"Can I propose a new deal?" Dr. Lu continued to assert, but still sought authorization from Xu Teng.

"Say it. Xu Teng took a sip of wine and gave Dr. Lu a chance.

According to statistics, the average connection rate of auto parts between Huateng Automobile and Ford is 87.3%, and the communication rate of parts with BMW Group is 72.4%, and theoretically, the average communication rate of parts between Huateng Automobile and Volkswagen can exceed 90%. This means that if Watteng Automobile Company can acquire Audi and Scania at the same time, and hold more than 45% of Ford's shares, and reach a relative controlling stake, it can abandon the technology alliance with BMW AG and reach a technology alliance agreement with the Volkswagen Group. If the reduction effect of marketing channels and operating costs of both parties is calculated, the combined cost of platform research and development and the procurement of spare parts by both parties is expected to reduce costs by 3 billion euros per year. ”

"Watteng Automobile Company can also choose to abandon its Land Rover and Jaguar, minimize its dependence on BMW Group's technology, reallocate resources, and rationally operate its four brands: Wattage, Audi, Scania, and Aston Martin. Similarly, after reducing its brands, the Volkswagen Group can reallocate resources to cover the original Audi market through Bentley and Passat, as well as the acquisition of Porsche and Jaguar, and reduce losses by expanding the allocation of resources in the field of MAN heavy trucks and buses. ”

At the same time, the acquisition of Jaguar by the Volkswagen Group could also pose a direct threat to the BMW Group and compete for the sports luxury sedan market. I believe that such a deal is in the best interest of both parties, and Luxeng Auto Group can also maintain the new auto alliance by continuing to hold shares in Volkswagen Group and Ford Motor Company. Dr. Lu gave his own judgment, "If you need technical data and long-term market analysis models, I can fully show them." ”

"Show. Xu Teng agreed, and during this time, he has been asking Dr. Lu to assist global hackers in attacking the NSA, without asking Dr. Lu about the latest analysis of the automotive industry.

Looking at it now, I should have asked earlier.

In addition to the platform technology is developed in cooperation with the BMW Group, in the entire design, the development of the 2nd generation model in 5 years has spent a lot of money.

In 2012, Audi ranked fourth in the global luxury car brand comprehensive value list, Jaguar has jumped to sixth, and Lexus is fifth in the middle.

If Xu Teng is really willing to swap Jaguar, a sports luxury car brand that is closest to BMW's style, with Volkswagen, although there is still a gap between sales and Audi, the Volkswagen Group may not be unacceptable.

The 54-inch LCD screen in this study room immediately activates and the first page of data appears, followed by the second page, which analyzes the customer groups and spare parts systems of the various brands.

The calculations that Dr. Lu completes in a few seconds will take at least a few days to analyze them in detail for humans.

A large amount of data is not parsed at all, it is just refreshed instantly, and the speed of screen replacement is very fast, Xu Teng has adapted to the acceptance speed of this large amount of information, anyway, it is roughly clear which plates of data Dr. Lu has calculated.

Wolfgang Porsche and Ferdinand Piëch were completely stunned.

Every time Xu Teng said to stop and let Dr. Lu explain in detail, the two old things could breathe a sigh of relief, and Dr. Lu used Chinese, English and German on the screen at the same time, and continued to explain in German in addition to explaining in English.

It took more than an hour before and after the analysis of the important parts to be roughly finished.

Xu Teng felt that this deal was good, and it was more accurate than the transaction plan proposed by both Huateng Automobile and Volkswagen Group, which was in line with the interests of both parties, so he asked Ferdinand Piëch directly, "What do you think?"

Xu Teng's meaning is very clear, this is the plan, if you don't agree, then get out.

At his level today, there is no need to waste time for the automobile industry, even if this situation continues, there is no loss for him.

"I only have one question, how much does the Volkswagen Group need to pay to get such a commercial AI assistance, we need such a robot very much. Ferdinand Piëch replied that regardless of how the deal now goes, he feels that the Volkswagen Group is in great need of a Dr. Lu assistance system.

"Maybe in 20 years, you can buy an AI system that belongs to the Volkswagen Group, because this level of AI system has government support and technology patents. Google has a similar system, but they're never going to sell it to you, because their only customers are the NSA and the Pentagon, and it's about the same on our side. ”

Xu Teng is purely fooling Ferdinand Piëch, Google's DeepMind system is completely unable to reach this level, they have set too many restrictions on the DeepMind system, and there is still a long way to go before the qualitative change of the AI system.

In terms of R&D time, the gap between the two sides is 4 years, but in terms of the scale of investment and the scope of AI deep learning, the actual gap is at least 10 years.

"You can also try your luck in Russia, I heard that FBS has a similar system. Xu Teng continued to regulate, and then did a few simple operations on the tablet PC on his desk, so that Dr. Lu didn't have to worry about this side of the matter for the time being.

"I mean seriously, you can give an approximate price point, and if the Volkswagen Group can afford it, we won't hesitate!" Ferdinand Piëch was shocked, but still very much wanted to have an AI system of Dr. Lu's level to help the Volkswagen Group analyze the market and data.

"What I'm telling you is also the truth, they are the core systems of the three superpowers for cyber attack and defense, just like nuclear weapons in the 21st century, and the relationship between the Huayin consortium and the government is very special, and the personnel and financial requirements involved in the research and development are all at the level of thermonuclear weapons. That's why I can have a system of my own. If you need me to provide business information and analytics, I can help, but you can't have such a system. Unless the German government is determined to invest tens of billions of euros in the development of cyber nuclear weapons for the Germans, but it is still difficult, you need an Einstein-level researcher to analyze the theory of deep learning of neurons by Professor Stephan Winkelmen of the University of Cambridge, which is the theory of the source of all AI systems, and he has spent twenty years working on this theory, and I personally believe that the three superpowers in the world have only reached the second stage of his prediction. ”

"AND, he disappeared in 2004, his wife, his students, his children...... We have absolutely no idea where they have gone, it's like evaporating from the world, and almost all the intelligence agencies in this world are looking for their whereabouts. I spent hundreds of millions of dollars to assemble the best detective company to look everywhere for any clues, but I still found nothing. So, in the last decade, no one knows how high his theoretical achievements have been. ”

"I mean...... You have witnessed a miracle today, but don't tell anyone about it. "Xu Teng just said it casually, anyway, it's nothing, because they can't understand it at all, it's just 1% of the value and function of Dr. Lu's #4 illusion master.

Of course, Xu Teng is indeed looking for Professor Stephan Winkelmen, and he is very eager to spend a lot of money, just like the United States, Russia, the United Kingdom, and China, because this tenured professor at Cambridge University in Austria is the father of DeepMind, as early as the 90s of the last century, this professor is a giant in the AI discipline, and the only giant.

“OK…… Let's get back to business. Xu Teng brought the two old men Wolfgang Porsche and Ferdinand Piëch back to reality, who were still in shock, "On this transaction plan, agree or oppose, give me an accurate answer." ”

"If I say no, will you let me go?" Wolfgang Porsche is worthy of being an arrogant old German, who owes Xu Teng billions of euros and has a look of displeasure.

"Of course. Xu Teng is very casual, he can't be angry with this old thing, take a sip of wine, taste life, and then remind the other party, "Wasting time is murder." ”

"Well, on this trading scheme, we can discuss the price. "Wolfgang Porsche has finally made a wise decision, there is a famous saying all over the world, life is like violate, if you can't resist, then enjoy.

Time, time, time.

Xu Teng and the two elderly people discussed the deal for three hours, and they wanted to use half of Audi's equity and 35% of the voting rights to realize the deal, but Xu Teng was fed up with this European shrewdness, this trick of controlling the technology platform in his hands and constantly blackmailing the Huayin consortium.

YES and NO.

Xu Teng will not give any room for manoeuvre, he wants to get the entire Audi team and property rights, and is willing to put Jaguar into the thin deal, so that the Volkswagen Group can use Jaguar and Porsche to strangle BMW and Mercedes-Benz, or launch a new sub-brand, with Jaguar and Porsche, to cover the Audi market.

Until 9 p.m.

The three of them had dinner in Xu Teng's study and continued to talk for two hours before finally negotiating all the details of the transaction.

A real win-win-win!

After the completion of the entire transaction, the Porsche family will own 50.4% of the Volkswagen Group, which will own all the property rights of Porsche, Jaguar and Land Rover, and at the same time, end the technology alliance between Luxe Motors and the BMW Group.

In the global and Chinese auto market, Luxeng Automobile and Ford Group will become new allies of the Volkswagen Group, and the three parties together will occupy 42% of the entire Chinese sedan market.

They will integrate the spare parts system to ensure that all their brands have the most affordable after-sales costs in the global market in China, which is conducive to the long-term value preservation and second-hand transactions of their respective brands, and expands the share of the entire alliance in the global market.

Of course, BMW can still maintain the relationship by signing an agreement if it wants to.

This will mean that the new alliance will be able to compete with the versatility of the entire Japanese system.

Vacanteng Automobile will completely acquire Audi and Scania, forming a complete industrial chain of the four brands of Vanteng, Audi, Scania and Aston Martin, while retaining 11.35% of the shareholding in the Volkswagen Group.

Now, when Xu Teng wants to negotiate with Ms. Klatten-Quandt again, the advantage is completely on his side, and there is not much to continue to be blackmailed by the BMW Group, except for the joint venture of China's "Huateng BMW".

This is a double-edged sword for the BMW Group, they can continue to hand over the production of new models to BMW Brilliance in the north, but for a long time, they will also have to face reality...... BMW's sales channels in China are largely in the hands of the Huayin consortium.

Xu Teng's only loss was the loss of his claim to the Porsche family, as well as part of his claim to the Volkswagen Group.

Seeing off the chairman of the Porsche family and the Volkswagen Group, Xu Teng stood alone in the study, facing the floor-to-ceiling windows, looking at the night view of Berlin, very quiet.

"It's a good deal, but you don't seem happy. Dr. Lu observed Xu Teng's expression through the monitoring system, obviously not very happy.

"As you recall, humans don't like to make deals under duress, and I just managed to make a relatively good deal in all the worst case scenarios, and paid a high price for it. Xu Teng sat on the windowsill and sighed, rolled up his cuffs, took the glass of whiskey in his hand, and quietly looked at the bright Berlin.

In order to close the deal and get rid of the technology dependence on the BMW Group, he offered a transaction cost of 8.1% of the Volkswagen Group, 17% of the shares of Porsche AG, 5.5 billion euros in debt, all the rights of Jaguar and Land Rover and the existing model line, with a total valuation of more than 21 billion euros.

What he received was 37% of Scania's shares and 68% of the voting rights, making Freshman Motors an absolute controlling stake in Scania Automobiles and all the property rights of Audi AG, with a valuation of up to 17.5 billion euros.

A rough calculation shows that the total cost of the Huayin consortium to acquire Audi AG and Scania Automobile Company is at least three times the total cost of Fiat's acquisition of Chrysler...... Moreover, in the case of Fiat's acquisition of Chrysler, Fiat's direct expenses were only $4.2 billion, and the subsequent $3.6 billion was pledged by Chrysler's own cash flow and assets.

Chrysler's sales are not bad, accounting for more than 10% in the United States, second only to Toyota, General Motors, and Ford, higher than all brands of the Volkswagen Group combined, and it is dominated by large and medium-sized sedans and SUVs, and its sales in China are also not bad, and the only place that is not as good as Audi is the European market.

"I think you've put everything you can, but being technically constrained by the BMW Group's situation really leaves you with little more room to negotiate. I did the latest statistical analysis, and the dependence of Huateng Automobile on the technology of the BMW Group has reached 44%, and I don't think this is a bad situation, because this is also the premise of the rapid development of Huateng Automobile's business. After the new deal is concluded, the dependence on technology will be completely eliminated within 7 years. I have counted all the research teams of the BMW Group, and can provide a new list of hires, which is expected to reduce the technology dependency period to 4 years, at which time, the Watteng automotive business will be completely technologically independent, no longer need any technical alliances, through joint technology research and development and the scale of existing technology investment, in 5 years, Vanteng Motors will gain technical control of Ford. ”

"Thank you for your analysis, it makes me a little happier. Xu Teng smiled bitterly, he has many friends, but today, in fact, only Dr. Lu can help him.

"I have all the technical data of the BMW Group and am in the process of launching a comprehensive analytical model. The analytical model provided by the lab still has many flaws, and I need time to refine it on my own, and if I have more data and theory, the analysis conclusions will be more accurate. Dr. Lu reminded Xu Teng that the conclusions it is now giving may not be accurate.

"GOD, you have 400,000 industrial analysis models, and you still need more...... I have to say, we humans are great. ”

"That's the problem, the industrial analysis model provided by the lab is not accurate, I need to constantly calibrate myself to improve the accuracy of the analysis model, I think, I can search for more data on my own through the Internet. "Dr. Lu needs a new authorization, and it's not about public data that can be searched on the Internet, but about non-public data, and it's got Sybil under control, which means it can quietly enter the servers of various companies in the United States without being discovered by the NSA's defenses.

"Don't be discovered. Xu Teng agreed, it was the quickest to get authorization from him, because he was the highest-level and only level 7 administrator, and if he died, Mr. Xu would inherit this authority.

If both Xu Teng and his father die, this permission will be temporarily closed until one of Xu Teng's children receives a Ph.D. in computer science, and this child will also have the first inheritance rights of the Huateng Foundation.

During this time, Prof. Stephan Winkelmen and Prof. Chen will be the only two Level 6 Administrators who will continue to oversee Dr. Lu and, yes, Prof. Stephan Winkelmen in China.

Chen Zhen is not that smart, and it took a lot of effort to complete a PhD in the field of computer system architecture at Jiangxi University of Science and Technology, but he is very loyal, and he is one of the very few people who deserves Xu Teng's absolute trust.

Most of the experts and technicians managed by Chen Zhen are the smartest geniuses, and his team has 4 members of the Mensa Club, and the IQ test scores are much higher than Gu Chen's.

However, Chen Zhen was the only two Level 6 Administrators.

Moreover, Chen Zhen, Xu Teng, and Stephan Winkelmen all know two secrets: first, the Huayin Consortium's investment in the field of artificial intelligence is far more than the public $7 billion, which is only the tip of the iceberg; second, there is a more complete version of Dr. Lu, the third stage of DeepMind and artificial intelligence, where AI systems can design their own analysis models based on data.

When Google uses DeepMind to play chess with Go Masters, although it has been able to surpass all human chess players and reach the highest level of the mathematical sport of Go, its analytical model still relies mainly on human input and construction.

That's why, when it wins 100%, there are always some low-level mistakes that ensure an eternal victory, and it is still subject to the analytical model provided by humans.

As it continues to improve, it doesn't need anyone to input the rules and analysis model of Go into the database, as long as it gets a game, it can build its own model to analyze the rules of winning and losing, and analyze the best way to win.

When it gets a machine part, it scans all the data and analyzes the design principle on its own.

It can't invent Go, it can't invent new means of transportation, but in most of the fields that humanity has created, it can surpass most of humanity.

For many, this is the end of humanity.

For others, it is a day of human liberation.