Chapter 875: Cherokee Turmoil

At the invitation of Lin Johnson, Shi Guangshan visited Dongxing Group and had a discussion with the senior executives of the company, affirming the contributions made by Dongxing in foreign economic and trade in recent years.

"Mr. Lin, I have another important matter to communicate with you this time." After the meeting, Shi Guangshan said solemnly to Lin Qiangsheng.

Lin Qiangsheng showed a surprised expression and asked, "Vice Minister Shi, if you have anything to say, see if I can help." ”

Shi Guangshan nodded and said, "That's the case, about the north. Do you know the situation of Jingjeep Motors? ”

He asked himself and said: "BAIC and the American AMC company are joint ventures to produce Cherokee jeeps, and as far as we know, the AMC automobile company has been acquired by you, that is to say, Mr. Lin is the behind-the-scenes boss of the American automobile company!" ”

Shi Guangshan himself was also very surprised, he looked at the young man in front of him, he really couldn't believe that this person owned a large American automobile group, the famous automobile manufacturer AMC. After learning the news, he actually had a sense of fantasy.

Lin Qiangsheng was stunned for a moment, faced Shi Guangshan's incredible gaze, nodded calmly and said, "That's right, I am the boss of AMC." ”

Shi Guangshan breathed a sigh of relief, looked at Lin Qiangsheng and nodded excitedly and said, "Then I think Mr. Lin also knows that there have been contradictions in the cooperation between BAIC and AMC since last year. AMC refused to export CKD parts to China, and after the continuous efforts of both sides, the matter was finally resolved satisfactorily. ”

He said solemnly: "Mr. Lin, I don't know if you understand the twists and turns, what I want to ask is, what do you think of the cooperation between BAIC and AMC?" ”

Lin Qiangsheng really didn't expect Shi Guangshan to come to Bincheng for this matter, he hesitated for a moment and said: "Of course, I hope that BAIC can cooperate with AMC on the production of Cherokee, and the previous unhappiness was caused by the lack of understanding between the two parties." ”

He said to Shi Guangshan: "Please believe that I actively support BAIC in this matter, but you know that I can't order the senior management of AMC to do what should and shouldn't be done, and they are also responsible for the company!" ”

Shi Guangshan nodded and said: "Of course we understand, now BAIC and AMC have reached an agreement that is satisfactory to both parties, and we also hope that the two companies can cooperate smoothly, the BAIC Cherokee project is an important national automobile joint venture project, and it must not be allowed to go out of business!" ”

Lin Qiangsheng said: "I understand this, and I can assure the central government that BAIC Cherokee will continue to operate smoothly." ”

Shi Guangshan nodded, and finally showed a smile: "Now I can rest assured, Mr. Lin, maybe you don't know, in a few days, General Manager Zhao Nailin of BAIC will go to Bincheng to discuss the localization project of Cherokee, we hope that Dongxing Group can participate in and realize localization as soon as possible, with your strength should be able to do it." ”

"This is no problem, and I very much welcome BAIC to become a customer of Dongxing Group." Lin Qiangsheng breathed a sigh of relief. In fact, he was aware of the Cherokee turmoil, and the United States reported to him on the situation of AMC, BAIC and even the central government.

Due to Lin Qiangsheng's relationship, the relationship between AMC and BAIC has eased before, but the contradiction always exists.

In mid-February, General Manager Claire flew from the United States to the North. At that time, he was very confident, and the Chinese team that received him was also very strong, including the State Development Planning Commission, the State Economic Commission, the Ministry of Economic and Trade of the People's Republic of China, the China Automobile Corporation, and the Beijing Development Planning Commission. Representatives of the Beijing City Government were also very enthusiastic about the visit of Claire and others.

Not only that, but there are even two high-level central officials, Vice Premier Yao Yilin and Director of the General Office of the Central Committee ****** have visited the BJC and expressed their support for the Cherokee project.

But the reality is very bad, Claire is in the north. He stayed in Beijing for five days, and although he was well fed every day, these Chinese representatives were stunned and did not give him a useful word, and they could not make any decisions about the number of CKD.

The talks for several days revolved around the intercourse of several issues such as localization, export earnings, second-generation military vehicles, new investments, and the reduction of foreign staff, and none of these people, including the departments behind them, could give an answer to Claire's concerns about the CKD license.

For a huge project, the central government dispatched so many departments to negotiate with the United States, and a vice premier and a ministerial-level senior official came forward, but no one could give the right words, the problem was in the import license of CKD spare parts, out of the money, but it just couldn't be solved, it was simply a strange thing.

Claire returned to the United States very angrily, this matter Lin Qiangsheng handed over to the AMC side to deal with, and it was not easy to participate in his identity, and some departments on the Chinese side did not even give face to the Americans, so they would not put Lin Qiangsheng as a fake foreign businessman in his eyes, he also knew that the little ghost was difficult, and he took the initiative to retreat in this matter.

Immediately afterwards, AMC sent the company's third-in-command, Representative Foley, to the north. Jing, this time the Chinese side was obviously not as active in receiving Claire, only BAIC's general manager Zhao Nailin and deputy general manager Saint Pierre came forward, and finally at the request of Foley, they met Wu Zhongliang, chairman of BAIC.

This is the third round of negotiations, BAIC is still entangled in localization, export resale, the development of the second generation of military vehicles and other issues, Foley did not get BAIC has the ability to pay for imported CKD parts, and the import license is still hopeless.

Since then, relations have escalated, and Representative Foley has submitted a memorandum to the BJC board of directors and the AMC board of directors stating that BJC's management department should not approve any capital budget for the Cherokee project starting Feb. 19. This means that BJC can't spend any money, and localization is no fun.

According to the Saint-Pierre report in BAIC, neither the Chinese board of directors nor the central government of the BJC expected that the situation would be so serious, and the Chinese side originally thought that the AMC would come to negotiate with them again until the other party was exhausted, and they never thought about the non-cooperation of the Americans, not a joke.

When Representative Foley returned to the U.S., AMC had already begun to study shutting down BJC, and even published an article in the U.S. magazine Auto Industry, 'China's Cherokee is going to stop production?' The interrogative title was just published.

This matter is quite serious, and the Chinese side has never wanted to publicize the scandal of their family, and they do not realize that there is nothing left on the AMC side.

The Cherokee scandal has finally been pushed to the forefront of public opinion, and many media in the United States, Europe, Japan, Hong Kong and other countries have launched in-depth reports on this matter.

Hong Kong newspapers said that the CCP lacked foreign exchange, jeeps were in danger, and production was sharply reduced. The Financial Times said that the cash crisis hit Jeep Enterprises. The Washington Post reported that the blooming flower of Chinese investment has withered, and these remarks that make people blush have put a big question mark on China's investment boom.

In the case of Lin Qiangsheng's reluctance to intervene, the AMC board of directors was quick and decisive, and they first recalled all the experts and postponed the Chinese personnel to come to the United States for training.

Then it was formally notified to the BAIC board of directors that BJC would stop production in June, and did not agree to approve any capital calculations before an agreement on production and prices, and this dispute has risen to the level of national diplomacy, AMC will submit the record of this dispute to the U.S. Department of Commerce, and report the situation to the U.S. ambassador to China, which also led to the official appearance of the diplomatic departments of the two countries.

The matter is still effective at this point, and the central government believes that it is also necessary to pay more attention to the affairs of BAIC. In May, Vice Premier Yao personally presided over talks with many government departments, which were attended by representatives of the Planning Commission, the Ministry of Economic and Trade Affairs, the Economic Commission, the General Administration of Customs, the Beijing Government, the Central Bank, and other departments.

Vice Premier Yao said that the countries of the BAIC joint venture project still have to contribute a little money, and all departments should take this incident seriously, and the central government has decided to treat foreign businessmen more meticulously in the future and fully respect foreign businessmen.

The Cherokee turmoil is still of great significance, and it is precisely because of this incident that the central government realized that there was a big problem with its attitude towards foreign businessmen in the past, and thus issued a new "Foreign-Funded Enterprise Law".

After that, Mr. Zhu personally came forward, anxious about the relevant personnel to study the resolution, and finally met with Claire from AMC in China, and finally agreed by the two parties that BAIC will purchase 12,500 CKD car parts in the next five years, with a total value of 120 million US dollars.

AMC is most concerned about whether it can receive the money, after the agreement is reached, the localization and the development of new military off-road vehicles and other issues are also easy to discuss, and finally the two sides decided on the total follow-up investment and localization project of BJC, which is expected to be an investment of 65.8 million US dollars. In addition to the more than 50 million US dollars solved by the BAIC Cherokee joint venture, the remaining shortfall is 10 million US dollars from the state. The Beijing government contributed several million dollars, and about $120 million in parts procurement costs were covered by loans from the central bank.

The matter was satisfactorily resolved, and the Cherokee turmoil gave birth to a new foreign investment law, which played a great role in protecting the investment of foreign-funded enterprises, and in some ways shocked some people.

Lin Qiangsheng also breathed a sigh of relief, he did not change history in this matter, and he didn't want to carry the black pot that affected China's attraction of foreign investment, and finally ushered in a happy situation! (To be continued.) )