Chapter 834: Beware of Drifting When You Walk
Carter is about fifty years old, nearly 1.9 meters tall, weighs 19, has a big beard, and looks quite fierce on the outside. Pen "Fun" Pavilion www.biquge.info
These days, Carter can't sleep well at night.
His precision gear company, in fact, is also powerful, although the market has not been good in recent years, but it can also be maintained. To be precise, 20 years ago, not long after he graduated, he established a precision gear company, so many years, the United States auto companies as a whole are in a state of decline, resulting in his kind of auto parts factory is also unhappy.
However, Carter, with his own ability and the spirit of excellence, still continues to move forward against the market. But after all, he started his business late, and there is no support from large vehicle companies behind him, and his development has been limited.
Especially seeing the current situation in Detroit, he is even more worried. At this time, enterprises from China set sail appeared.
Carter is actually very optimistic about the plan provided by Qihang, and he wants to merge his precision gear company directly into it. However, Carter was still a little worried, and he was not sure how far Qihang could go in auto parts.
Carter is different from many other parts factories, and his precision gear company is not unsustainable, so it is inevitable to consider more.
"Won't you just recommend yourself?"
Carter's friend Smith touched his glass with him and persuaded him that Smith admired Carter very much, and he thought that Carter was a very capable person, but unfortunately the environment in Detroit limited Carter's development. The most important thing is that it is too late to start a business, and it is missed to hook up with large car companies.
"Sooner or later, these car companies in the United States will have to kill themselves!"
Carter took a sip of the beer from his glass and said indignantly. He understands very well that the main problem of American cars is where, American car companies are basically big for beautiful, with large cars, large displacement, and large fuel consumption. This feature made American cars beautiful until the seventies. Again, it is this that is also the reason for the continuous decline of American cars for more than two decades.
The market awareness of American car companies is too backward, and international oil prices have been rising since the two oil crises in the seventies. Countries have higher and higher requirements for environmental protection, and German and Japanese manufacturers have made changes to these, began to reduce emissions, and embarked on the road of economic energy conservation and environmental protection.
But American manufacturers are still the same, and they don't feel the crisis in the market at all.
Cars have begun to go to thousands of households, and customers are no longer those rich people who don't care about fuel consumption, especially with the continuous increase in oil prices, even many Americans, probably have an attitude, your car is really good, I appreciate it. But when it came time to buy, everyone turned around and went to buy Japanese and German products for economic use.
Not meeting the market demand, coupled with strong unions, makes it very expensive for American workers, and it is inevitable that American cars will run into a dead end......
After sipping his beer, Carter raised his voice, "What are these auto companies doing when the market is down, not to pursue changes in technical routes, but to unite the financial industry and provide customers with more car loans, isn't this drinking to quench thirst?" ”
Doing so does make their paper profits high, but once the economy declines, this will greatly increase non-performing assets.
Smith put down his glass and asked uncertainly, "You mean?" ”
Carter put the beer glass on the table, and there was a loud bang, which of his wives in the kitchen couldn't help but poke out, Carter waved his hand, signaled that it was okay, and then said excitedly, "There is an economic crisis, they are all finished!" ”
If Yang Fan heard Carter's evaluation, he would definitely give him a thumbs up.
He knew that in the subprime mortgage crisis in later generations, the three major American car companies, Chrysler went bankrupt, was acquired by Fiat, GM went bankrupt and reorganized, and Ford sold Jaguar Land Rover, Volvo, Aston Martin and other brands to survive the winter.
If there is no subprime mortgage crisis, whether Tata or Geely want to buy Jaguar Land Rover, it will be difficult for Volvo to buy, at least not less than 2 billion or more than 2 billion US dollars.
Yang Fan's acquisition of auto parts manufacturers this time used funds is at this level.
Yang Fan turned a blind eye to Eliza's behavior of supporting her waist, and after the exercise, he was looking at the acquisition documents again, ready to find a breakthrough.
Now those who choose equity replacement will probably reduce the acquisition capital by one to two hundred million US dollars, which is still a certain distance from Yang Fan's goal of three to five hundred million. As for the subsequent injection of funds into the newly merged group, it can be pledged with the acquired assets, but there is no need to worry so much.
It's just that according to the current situation, more than 1.8 billion funds are needed before the acquisition, even if the shareholders of those auto parts companies can accept a part of the bonds, counting Yang Fan's own funds, the funding gap is still as high as more than one billion US dollars......
If it is in the Internet, or the electronic product line, the gap of one billion and 800 million, Yang Fan only needs to go to Silicon Valley or New York to take a turn, and it is easy to fill these gaps in the capital market.
But this time Yang Fan acquired only auto parts companies, Yang Fan or Qihang's reputation in the past is not large, after all, up to now, Qihang Automobile is still pure input, no output.
Yang Fan now wants to reduce the investment in acquisitions, but also to increase the shareholders of some auto parts companies, among which the largest and latest precision gear company to join the plan has attracted his attention. If this company chooses to replace its equity, it will reduce the purchase price by hundreds of millions.
Looking at the document analysis, the precision gear company is not the kind of enterprise that can't hold on, they have considerable strength in the transmission system, and they also have a certain strength in the gearbox, at least there is no problem with the low-end manual gearbox used in the production of Tengfei QQ.
This makes the precision gear company particularly eye-catching in a bunch of enterprises, which is a combat power that can be used......
Yang Fan looked at the information and said to Eliza, who was holding her waist and scratching her head, "It's awkward, are you going to toss for a night?" I'm afraid that tomorrow you won't be able to stand up straight, and you will be floating when you walk. ”
Don't think that only men can't straighten their waists, and what fields that can't be cultivated are still likely to be tossed to the point where their steps are vain and shaky......
Eliza pursed her lips, but didn't dare to say anything more, though she wanted to talk about animals!
Looking out the window, at the beginning of the lanterns, Yang Fan took out the precision gear company from the document, handed it to Eliza and explained, "Tomorrow you go and help me contact the precision gear company and find out their specific thoughts." ”
In this case, Yang Fan can't come forward directly, otherwise the strong situation he has finally created will collapse once.
Eliza took the document, glanced at it and asked, "What do you think of them?" ”
After Eliza took the document, Yang Fan took advantage of her by the way, and said, "If they go to China to put into production, under the low tax cost and labor cost in China, if the annual output exceeds 100,000 units, or even higher, how much can they control the cost of low-end gearboxes." ”
Saying that, Yang Fan roughly talked about the tax costs and labor costs that Qihang can obtain in China now if it establishes a joint venture.
According to Yang Fan's data analysis, if the precision gear company moves to China, it will reduce a considerable amount of costs and greatly increase their competitiveness. In this way, they are not completely uncompetitive.
At least in many domestic start-up enterprises, there is great competitiveness.
Yang Fan knows that the domestic is behind, similar to independent brands, how big is the car market of less than 100,000 yuan, if it is really competitive, let alone the production capacity of 100,000, the future generation will have a production capacity of millions, and a Chinese market can be fed.
Of course, this is just Yang Fan's analysis on paper, and the specific situation still needs to be explored by Eliza first, and even some experts in the industry will be found for specific analysis later.
Only when these things are figured out, will Yang Fan determine his ideas, and then come forward to talk to them......