Chapter 392: Do you want to
Large conference room, Daewoo Group headquarters, Incheon, South Korea
"What's going on? I haven't thought about whether Daewoo Group wants to completely withdraw from the automobile industry, but I want everyone to sit down and discuss it carefully, why did I say to Honda Motor Co., Ltd. that I want to sell Daewoo Motors as a whole? Xiangjun, do you still have me as the president in your eyes? The founder of Daewoo Group was obviously a little angry about the young CEO's rough and immature, and while speaking, he comforted Kim Nantian, who was pale next to Kim Sang-kun, and said, "Nantian, this matter was done by Sang-kun in a hurry, and he didn't discuss it with me in advance, I actually want to hear your thoughts first, whether Daewoo Group still wants to keep the two factories in Incheon and Hanoi, what do you think?" β
"What do I think is still important? As I said in my last report to you, the most difficult days of the auto industry are almost over, and although the Alabama plant decided to sell the funds because the profit expectation is too far away, the talents and backbones can be returned to the Incheon plant and the Hanoi heavy-duty truck plant, not to mention that the Incheon plant and the Hanoi plant are currently profitable, and in this case, they suddenly said that they will sell the entire Daewoo Automobile as a whole...... Isn't it chilling! β
Jin Nantian's complaint fell in the eyes of the helm of Daewoo Group and felt that it was an immature expression, of course, Daewoo Automobile is a typical example of a layman leader and an expert guide The situation is out of control, but since Jin Xiangjun is his successor, he has superhuman talent in financing and mergers and acquisitions, Daewoo Motors has no regrets when he handed over to Jin Xiangjun to hang the seal, compared with Japanese automakers and South Korea's Hyundai, although Daewoo Group has certain advantages in heavy-duty truck and diesel engine technology, However, it is clear that it is not enough to challenge Japanese cars in terms of passenger cars and family economy cars......
"Nantian, you just returned to China and the jet lag has not been reversed, let's go back and rest today, regardless of whether Daewoo Motors is packaged and sold as a whole, there is no problem for a huge Daewoo Group to arrange a vice president position for you who have worked hard, Daewoo Shipyard hopes that you can go to the helm for a day or two, our starting technology is still marine engines and diesel engines, in terms of cars, that is not our strength, let's go back and rest today!"
When Jin Nantian heard this, he understood that Jin Yuzhong and Jin Xiangjun would definitely continue to secretly discuss the packaging and sale of the automobile company when he was not present, in other words, he was completely excluded from the decision-making level, thinking of this, Jin Nantian had a gloomy face and bowed, "Then I will retire first, but the president, the equipment of the Incheon and Hanoi factories is already old, and it is unlikely that it will be sold at a high price, okay, I will ......leave first......
"President, although Kim Nam-tian is also a descendant of Koreans, but he joined General Motors after graduating from college, and became a naturalized American citizen more than ten years ago, and we are not of the same mind, I dare to say that at the beginning of the R&D, production and operation of Shinhan Automobile, I originally expected him, a Korean, to help a lot, but as a result, we didn't have the real power to invest in any business management, I think he is determined to treat himself as an American, maybe, the Saturn Motors under General Motors bought him, and I don't know......" Although Jin Xiangjun is jealous and jealous, he does have a little ability to look at people.
"Okay, if you can use more snacks in the automobile industry, Daewoo Group will not be unavailable, you really think about it? If Daewoo Group withdraws from the auto industry, will it be more difficult to package and sell Daewoo Motors as a whole? Kim Nam-jeong is right, the Incheon factory and the Hanoi factory are both old factories that are more than 10 years old, and there is not much left in the net assets and depreciation of the factory infrastructure, that is, the land is still worth a little money, if you really want to pack it, how much can it be sold? Kim Woo-jung asked his CEO with a deep groan.
"I think the Hanoi factory can sell 300 million, although the Incheon factory equipment is old, but the land has increased a lot, I think it can sell at least 400 million, plus the North American Daewoo Alabama factory that has just been put into operation for only two years, the overall package of 1.2 billion US dollars is a bottom line, there should be a chance to achieve, the key depends on which buyer the president intends to sell these three factories? I think that as soon as the news gets out tonight, tomorrow Hyundai and Japanese manufacturers will rush over to negotiate and bargain! β
Jin Xiangjun still knows very well in front of Jin Yuzhong to be a man with his tail between his legs, after all, his mother is just someone's outer room, if it weren't for the two children born to Jin Yuzhong, they have no intention of doing business, otherwise, it will not be his turn to be the successor of Daewoo Group, however, how the shares of Daewoo Group will be divided at that time is still unknown, this is a one-man dictatorial kingdom of Jin Yuzhong, until the last moment, I don't know what the future will be.
"Then, simply take advantage of this opportunity to bid for the sale of it, the more buyers are more popular, the more forgettable, the group's debt due next month is more than 2 billion US dollars, although financing is not difficult, but it is more and more difficult to finance automobile companies, foreign trade and shipbuilding, chemical industry and finance are the key development directions of Daewoo in the future, for which it is completely worth sacrificing the automobile company! Well, that's the end of today, this is not a meeting, all meetings of the Daewoo Group are not allowed to be held during working hours, and when the dawn meeting is held at 6 o'clock tomorrow morning, I hope that you, as the CEO, can come up with a package of car companies to sell the package! Kim Woo-jung's tone means that the overall sale of Daewoo Motors has become irreversible.
9 p.m., Incheon, South Korea, five-star Hilton Hotel
"I'm sorry for the meeting so late, I just got the news that Yasuo Fukui, vice president of Honda Motor Co., Ltd., visited the Daewoo Group headquarters two hours ago today, and Honda Motor Co., Ltd.'s offer to acquire the Daewoo Group's Alabama plant was raised to 420 million US dollars, but Daewoo Group's CEO Kim Sang-jun proposed a 1.4 billion package to sell the entire Daewoo Motors, that is, in addition to the Alabama plant, the two factories in Incheon and Hanoi were also sold together, what do you think about this unexpected situation?"
Jiang Yelin, as a rich and willful genius manager on Wall Street, came to Incheon this time to directly set the presidential suite on the executive floor of the Hilton Hotel, five bedrooms and two living rooms and a labyrinth-like corridor back and forth, the luxurious and wide main living room in the middle is more than 100 square meters, and the thick Persian carpet stepped on it to make people feel how soft and thick the lover's arms are, of course, in line with the principle of not wasting, Jill Lexton, the female CEO of Saturn Motors, lived in the second bedroom at the end of the presidential suite, The next bedroom is Jessica Abel, assistant to the president of Saturn Motors, while Lexton's male assistant lives in two premium single suites next door with Moncente, the CFO of Saturn Motors.
Not everyone is qualified to live under the same roof with the chairman of Saturn Motors, at least not the opposite sex, Jessica Abel was originally Helen 0 Lacey's personal secretary and assistant, and now Helen Lacey has been promoted to president of Saturn Corporation, but he sent his henchmen to Chairman Jiang Yelin, and Jiang Yelin is obviously like a captive of sugar-coated cannonballs, such a temporary assistant who is not much worse than Helen actually used the time, and this time he came to Incheon to negotiate directly with him, as for the gossip, As Wall Street's newly baked wizard single diamond king, as long as his female companion Matsushima in New York's luxury apartment in Central Park has no opinion, who dares to say a word about Saturn?
The former president and CEO Hudell was even known as a conscientious old scalper, just because the new chairman needed to control the company, he directly became a victim and was thrown to the financial planning committee to be the chairman who only led two independent directors, and the talented Jill Lexton among the executives of Saturn was newly promoted to CEO, and the beautiful Helen Lacey also became a vase of a higher level, the female president of Saturn Motors!
Jill Lexton's male assistant was not in his room, and the CFO Monson in the next room was obviously gone, Jiang Yelin could understand the desire of the two uncles to appreciate the local customs in an exotic city like Incheon, South Korea, especially when they had already had a meeting after dinner and were taken off that night.
So now the impromptu meeting in the living room is only attended by Jiang Yelin and the two women around him, Jessica Abel has learned a lot of Korean daily conversation in the past two days, as for Jill Lexton, although she is not from a financial background, but understanding financial statements is a piece of cake for her, as for Jiang Yelin, the chairman, originally from the statement from the false to the true analysis of the number jΓΉ is the duty of his halfway monk Wall Street genius, in front of the three of them, is a Daewoo Motors financial document for the previous year, The focus is on each plant's production capacity, annual sales revenue, net profit, balance sheet and existing inventory, including the number of branches and employees, salaries and working capital for daily operations, and so on.
"Chairman, this financial document is not Daewoo Motors' annual report last year, there is a big difference compared to that, are they making fake accounts?" Jill Lexton frowned, put down the two copies of the text in his hand, raised his head and looked at Jiang Yelin and asked.
"Of course not, the annual report needs to be audited by an accounting firm, it is normal to report good news and not bad news, this is the internal report of Daewoo Motors, you don't know how much it cost to get it, but it should be the most real number of Daewoo Motors, now Honda Motor Co., Ltd. has shown its willingness to acquire Daewoo Motors in front of us, I need Jill you to give me an assessment opinion, in order to acquire the Daewoo factory in North America, is it worth spending a lot of money to buy the entire Daewoo Motors?!"
Jiang Yelin's question is very straightforward, it is inevitable to buy Saturn Motors from the Daewoo factory in North America, but what Incheon factory and Hanoi factory are thousands of miles away, it is not a matter of more money and less money, it will affect the entire future development direction of Saturn Motors, and invest in the Asian automobile manufacturing industry? It's a bit out of reach for a Saturn car.