Chapter 317: Ford's Old Stuff
To tell the truth, Xu Teng is more popular in the United States than in China, this is a long time, Xu Teng has not figured out the original situation, his concubine, Miss Elizabeth Holmes's explanation for this, is that "the United States seems to be modern freedom, but in fact worships the aristocracy more than any other country". Pen × fun × Pavilion www. biquge。 info
Americans love the aristocracy, and when the United States lacks the aristocracy, they create the aristocracy, and they create the Roosevelt family, and they create the Bush family...... Although he regretted this, he continued to build the Clinton family without hesitation.
These Americans refer specifically to the upper class, ordinary Americans who have already admired the culture of the upper class, that is, the so-called American elite society.
America is not only a melting pot, but also a torn society.
The country's bottom whites, African-Americans, and Latinos are two diametrically opposed camps, while the upper class is a different ideology, advocating the American Dream and promoting anti-intellectual culture in the media, especially liking to ridicule high-IQ nerds and appease African-Americans and minorities at the bottom.
Chinese Americans are victims of this anti-intellectual culture.
Therefore, as an elite of the rich second-generation elite, Xu Teng is definitely super sought after in American high society, he has too many elements that "elite Americans" like, science fiction writer, self-starter, inherited tens of billions of dollars in assets, Asian action actor, banker, and close ties with the Bush family...... If Xu Teng is an American, he is basically a national icon, a high-end version of the American dream.
He is also the kind of handsome Chinese, with a very delicate style of dressing, basically wearing only the top custom blazers, and he is a model of Wall Street elite no matter where he is.
This kind of image gives Xu Teng a high plus, in China, his style is not very close to the people, not very pleasing, in the United States, also rejected by the people at the bottom, but definitely the favorite of the elite society.
There is a very famous GAY magazine "OUT" in the United States, which selects the world's top 100 most handsome men every year, and the official title is GAY's Top 100 Mr. Dream, Xu Teng from 2005 to 2007, continuously entered the top 10, and Beckham's ranking is roughly in equal order.
Moreover, Xu Teng was once shortlisted for the Oscar for Best Supporting Actor with "Terminator 4", and his voice was quite high, although he finally won the Best Supporting Actor at the Saturn Award for Best Supporting Actor at the Golden Globe Awards and the Oscars.
He is just a casual hobby, and he actually went farther than Jackie Chan and Jet Li, and finally won the Best Supporting Actor once.
Hugo Award selection, he has also been the most popular Asian science fiction writer in recent years.
There are many commentators who believe that if it weren't for the fact that he was more successful in other fields - to be exact, because he was so rich that he gave up science fiction early on, he would have won this award last year.
For Xu Teng, this kind of thing doesn't matter.
If business is doing well, that's fine.
Xu Teng has both financial resources, image, vision, and reputation, which has an obvious gap with other entrepreneurs in China, especially financial resources and reputation, especially in the United States.
Xu Teng never thought in advance that he would have the opportunity to take a stake in the Ford Group, and even after Bill Ford proposed this cooperation plan, he felt that the other party was framing him, or that he had a whim, and he would soon regret it.
It didn't turn out to be that way.
The next morning, just after 9 o'clock, Bill Ford led four senior executives of the Ford Group, all old people, to arrive at the Park Hyatt Hotel in Manhattan where Xu Teng was staying early in the morning.
At this time, Xu Teng was still playing games with his concubine, and when he heard that the senior management of the Ford Group was coming, he was really surprised, and hurriedly asked Miss Holmes to leave the room.
I didn't say hello beforehand, it was like a rapist.
If it weren't for Miss Holmes never having a boyfriend, Xu Teng would still think that Bill Ford and Miss Holmes were a couple!
Bill Ford came over this time, it was indeed very sudden, arrived at the hotel, got out of the car and remembered to call Xu Teng to inform him, it turned out that the important people of the board of directors of the Ford Group came, and brought the general ledger of the enterprise over.
This general ledger is basically credible, and it is the annual report of a listed company audited by PricewaterhouseCoopers.
Xu Teng got the general ledger and remembered that last night, he was very happy and drank two more glasses, and he really told Bill Ford about it at that time, but he was just joking, when he saw the accounts tomorrow, he could directly talk about the price of the investment tomorrow.
His exact words were "You bring me the account tomorrow, and I will be able to negotiate with you tomorrow", which meant when to see the general ledger and when to officially start the negotiations, and Bill Ford got this wrong.
Because Xu Teng speaks typical Chinese-style English, it is indeed easy to misunderstand in many places.
Forget it, come on.
Xu Teng could only ask them to wait in the living room of the presidential suite for ten minutes temporarily, and temporarily changed into an Italian version of a double-row suit that respected the other party very much, and then came out to negotiate.
At this time, Xu Teng knew that the Ford Group was serious, which also meant that the debt crisis of the Ford Group was still very serious.
As a result, there must be something wrong with this account, hiding a lot of short-term debt, and the problem is obviously in the short-term borrowing debt.
For Xu Teng, there is no need to be afraid of problems.
There is a short-term borrowing debt of 7 billion US dollars, which Xu Teng has.
Some things are not a matter of money, the opportunity is just around the corner, after this village, there is no such shop.
Ford Group, a century-old car company, opens its door to cooperate with the Huayin Consortium, which can only be encountered in this kind of crisis, and it is not as simple as a year or two to wait for the next time.
"Mr. Ford, if we want to work together, and we have a very pleasant relationship, we must first be honest and frank, so please tell me how much money Ford needs at the moment to tide over this...... I want to make it clear beforehand that if the situation eventually deteriorates more than you can tell me and makes me feel that you are not credible, I swear to prosecute you in China. And, I promise, Ford will cause big trouble in the Chinese market. ”
Xu Teng thought for a while and emphasized, "This is not a threat, but we Chinese say it, and the ugly words are in front." I also truly believe that doing business should be done with the most difficult things to say first, and the most difficult situations should also be considered. ”
The two had a great chat yesterday.
That's because the two have not officially started negotiations, but now they have started, and the talks are all about money, billions of dollars in real money.
"Perhaps...... $5 billion can solve all the current problems, we can sell a part of the property to exchange for liquidity, we can apply for emergency loans with the government, we can also finance with other international banks, that is all at a price, so the board of directors is very willing to cooperate with Huateng. Of all the worst options, we have one more beautiful option, and that's really God's favor. ”
Bill Ford must have cheated Xu Teng, definitely more than $5 billion, but he still has to stress, "I can swear by my great-grandfather and my surname that we have a strong determination and will to move forward with this cross-border cooperation." I truly believe that this is the best opportunity, maybe not the best time for us to attract Chinese capital, but as my great-grandfather said, the best time is always now. ”
"Your great-grandfather was a great entrepreneur, and everybody looked up to him, and I couldn't agree more on the judgment of the best timing, so let's do this, I can inject $5 billion at once in exchange for a targeted expansion of the Ford Group, or more."
Xu Teng decided to be cheated once, and he was willing to be cheated a little more miserably, "Now is a difficult time for the Ford Group, I will never take advantage of the danger of others, this is the honor of the family." Because we don't have to do it anymore, we like to have stable relationships that make a long-term profit. So, $7 billion, 1/3 of the Ford Group's equity. At the same time, I continued to pay $3.5 billion for the offshoot brand I wanted. ”
Xu Teng's initial proposal was to buy the Jaguar, Land Rover and Aston Martin brands and related assets, including technical assets, design departments and other buildings, all in the UK, as well as in Birmingham and the surrounding British automotive industry base.
There are no changes to this proposal at the moment, and if all goes well, he intends to integrate the British automotive industry under Huateng and set up an independent British MG Automobile Company as a wholly-owned subsidiary of Huateng Automobile Group, responsible for Huateng's overseas automotive business.
Xu Teng's offer is very kind, in the current situation, no one can offer a better price than him, but 1/3 of the controlling stake in the Ford Group, that means that Huateng will become the largest shareholder of the Ford Group in the essence of the word.
The group of directors of the Ford Group, including Bill Ford, and the old white men who looked like Republicans, were unable to react, and their initial estimate was to let Huateng hold about 10% of the shares of the Ford Group, which was an unconventional move in a time of crisis.
"Trust me, if you want, we can merge directly." Xu Teng continued to make a new offer that stunned everyone, and he considered that Ford was at a low market capitalization, and now was indeed the best opportunity for a merger.
The problem is that Huateng and BMW already belong to the industrial alliance, and BMW and Ford are one of the biggest competitors in the European and American markets, and whether BMW agrees is a big question.
If BMW does not agree, Xu Teng can only give up this option, because the cooperation between Huateng and BMW is very deep, and the cooperation between the Xu family and the Kuangte family is closer, far more than the cooperation of this part of the automobile industry.
It is very accurate to say that the Xu family is now simply colluding with the Quandt family, with the help of the Quandt family to get involved in the German industry, silently, acquiring German-funded first-class small and medium-sized enterprises, and slowly crocheting the new power map of the Huayin consortium in Europe.
The two sides are engaged in chemical, pharmaceutical, bioengineering, intelligent machinery ...... Cooperation in the entire field of the Internet of Things is allied with each other, and the scale is tens of billions of dollars.
This is one of the characteristics of the Xu family's business network, which cooperates with the Grosvenor family, the Duke of Westminster, the Quandt family in Germany, and the Pritzker family in the United States, sharing each other's connections and privileges in their home countries.
They also need the Xu family, to invest in China, to share the Xu family's connections and privileges in China.
As for the Ford family, I'm sorry, although it is very famous, its hard power has not reached this level of standards - this is the result of the four generations of rich people, who have been enthusiastic about public welfare for generations.
Billion dollars.
This standard is very low, and the current Ford family still can't come up with it, and the cooperation between the Xu family and the Quandt family is calculated in one billion dollars, and even the minimum standard of investment in those small projects is tens of millions of euros of capital injection - such projects, between the two families, there are roughly more than 30, half in Germany, half in China.
The biggest advantage of this model is secrecy and stability.
Because all modern families are extremely secret in the registration of capital, except for the important members of the family itself, no one else can know, the well-known wealth is only a necessity to maintain each other's social status and honor symbols, and more wealth is unknown, nor should it be known to outsiders.
Single-line contact and single-line cooperation within several privileged families are not only conducive to common prosperity, but also to meet the need for confidentiality.
Of course, Xu Teng's real goal is not to merge with the Ford Group, although this is a good choice, but the probability is too low, he just said it casually.
"Perhaps...... We can talk about it, I don't think it's a bad idea! A very thin old man, probably the senior vice chairman of the Ford Group, wearing very heavy glasses, actually agreed to Xu Teng's proposal.
Don't!
Uncle, I'm just talking...... How short of money are you?
Xu Teng couldn't help but feel surprised, there was no expression on his face, so as not to leak the hole cards of the negotiation, and he had to force it, "This is definitely not a bad idea, but a very interesting good idea." We can think about where the largest car sales markets in the world are, the United States, Europe and China. As we all know, China has been the world's fastest-growing car market for the past five years. We also know that Asia is the most conservative nationalist region, China, South Korea, Japan...... Strictly speaking, it is a mono-ethnic country, and China's auto market will eventually be dominated by local brands, as is Japan's. ”
"At the same time, the Chinese government and its institutions will definitely introduce stricter policies requiring the purchase of products from local car companies in the future, which is a very severe test for foreign brands. Because, the government car is a very important weather vane...... There are things we can do to squeeze out the business car market in large numbers. ”
Xu Teng is complete nonsense, and the Chinese can be called the most unpatriotic model in the choice of car products.
"The Chinese market is not where I am concerned, it is the stage of the Germans and the Japanese, we have never had any advantage, the market is not where we want to look, what we need is capital, and more modern factories, those who have thrown out the unions." This very thin old gentleman is simply an antique existence, but his opinion is obviously very important within the Ford Group.
The old man has made it clear that Ford needs to open new factories in China and North America to avoid the black hole of manufacturing in the United States.
Now the time has come for reform, and even if Ford can survive the current difficulties, it will be difficult to guarantee long-term profits.
In general, it is both absurd and unreasonable to demand that a capitalist be patriotic.
Capitalists naturally love the whole world, and where wages are cheap and there are no evil trade unions, there is the motherland of the capitalists.
"If we merge, we can take the opportunity to move factories out, we can guarantee that there will be no layoffs in the United States, but that's only temporary, and we have to lay off workers and end all ties with the United Auto Workers Union. Let's see, we've been pushed to such a point that it's an unprecedented embarrassment. "This veteran Caucasian man is naturally the kind of supporter of Trump, and there is definitely a kind of dare to cut ties with American labor unions.
Wow.
Xu Teng had to give the other party a thumbs up.
To tell the truth, the United States is now the world's top five manufacturing black hole.
Xu Teng has a hunch that this Caucasian old man's calculation is not just as simple as a trade union, this is just an excuse, the target is not the Chinese market, this is nonsense, but it is not the final calculation.
The answer is that the other side wants to destroy the industrial alliance between Huateng Automobile and BMW and replace it, while at the same time using the financial resources of the Huayin consortium to expand investment in China and Mexico, build new factories, reduce costs, and expand market share in China and Asia.
It's killing three birds with one stone.
After the merger of Watteng Automobile and Ford Group, which party dominates, Watteng Company, or the American consortium behind Ford?
This is also a problem.
The Ford family has risen and fallen twice, and its strength is not as strong as before, and it can only be regarded as one of the many parties that control the Ford Group.
Xu Teng has a judgment that this Caucasian old man, the very thin one, represents the consortium behind the Ford Group, which is the reason why the other party dares to make decisions, and even, this old thing is the real owner of the Ford Group, at least one of the masters.
Bill Ford is nothing more than a puppet of this old thing. (To be continued.) )