862 I Like Your Money
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As CEO of the Fiat Group, Paul. Cantarella knows the layout of the world's automobile industry and celebrities well, although Lin Zheng, the Internet upstart, is not a person in the automotive circle, but this instant chat tool of ICQ is too useful, Fiat is actually a loyal user of ICQ, last year alone, relying on ICQ software, Fiat has reduced administrative expenses by 30 million US dollars, Paul. It's hard for Cantarella to remember Lin Zheng's name, but the question is why can't he remember that Lin Zheng, the new wealthy man on the Internet, still owns a car manufacturing company in the Republic?
"Jiangbei Alto," Alender. Hewson hurriedly said: "At the beginning, the Ordnance Industry Corporation of the Republic of China once imported the manufacturing technology and all the patents of Alto Automobile from Suzuki Automobile Manufacturing Co., Ltd. of Japan, and distributed them to four military enterprises under their control to produce Alto brand cars......"
"I remember," said Paul. Cantarella patted her head in realization. Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½
As soon as he said Jiangbei Alto, he knew that the sales price was nearly $2,500 lower than the cost! From this point of view, the richest man in the Republic, who has a fortune of more than $1 billion, really owns a car manufacturing company.
It's just that Jiangbei Alto is just an enterprise with an annual production capacity of only 20,000 A00 class mini cars, which is inconspicuous in the world. It's also normal that Cantarella can't remember for a while.
ļ¼ļ¼.. But let Paul. Cantarella wondered: "Yes, if such a garbage company counts, he does have a car manufacturing company, but Mr. Hewson." What does that have to do with what you're going to say to me? Or do you think that such a garbage car company is qualified to have a relationship with Fiat? ā
Void tapped Arend. Hughson twice. Paul. Cantarella said impatiently, "Mr. Hewson, it seems that I need to remind you of what we are focusing on right now. For Fiat, the most important thing at the moment is to quickly finalize the cooperation with the Nanqi Group, and other than that, everything has to go backwards, and I forgive you this time, but I don't want similar things to happen next time. ā
The Fiat Group attaches great importance to this cooperation with the Republic of China Nanqi Group, to what extent? Paying attention to the success of the cooperation between the Fiat Group and the Nanqi Group of the Republic of China directly determines whether the Fiat Group, which has been in a serious economic crisis since the mid-90s, can be pulled out.
They hope to learn from the success of Volkswagen, which can save its fortune in a country with the world's largest population. Successfully got out of the economic crisis, and has Alpha. Romeo, Lancia, Fiat, Maserati and Ferrari are many well-known brands in the world, and when it comes to technical strength, the Fiat Group should get more than Volkswagen, right? If Volkswagen was able to succeed, what reason did the Fiat Group not have?
It is precisely because the Fiat Group sees the Republic market as a lifesaver to save Fiat from the quagmire. Cantarella will "condescend" here, and the negotiations between Fiat and the Nanqi Group have entered the final stage, and the cooperation contract will soon be signed, when the Fiat Group will introduce the Palio, Siena and Weekend Wind cars based on the 178 platform to the Republic. But Allend. What does Hughson's attitude mean?
Thought Allend. What good news can Hewson bring to himself by interrupting his morning exercise, I didn't expect it to be such a thing, Paul. Cantarella was naturally extremely dissatisfied.
Look at Paul. That face of Cantarella, Arend. Hewson's heart suddenly screamed badly. Hurriedly said: "No, no, sir, I think you misunderstood what I meant." Sir, Mr. Lin's accumulation in automobiles is not limited to Jiangbei Alto. In addition to Jiangbei Alto, his automobile engine project with the Republic Aerospace Industry Group is steadily advancing. He is also the owner of Tesla Motor Manufacturing Co., Ltd. in the United States......"
"What the hell are you trying to say?" Paul. Cantarella interrupts Elende. Hughson's words, impatiently, but secretly surprised in his heart.
Tesla Motor Manufacturing Co., Ltd. Cantarella knows that they are about to launch an urban commuter car called smartcity to the market, and it is also one of Ford's "royal" tuning manufacturers, Ford's Mustang sports car based on Tesla's modification program has been highly welcomed by North American muscle car fans, who think that this is the real American muscle car, and it was snapped up by avid Mustang fans as soon as it was launched, but ...... Is Tesla Motors Lin Zheng's? The Republic Aerospace Industry Group kicked Japan's Mitsubishi Motors aside, and the gasoline engine project that is being worked on is also his?
Paul. Cantarella suddenly felt that he couldn't understand Lin Zheng, wasn't he an Internet elite? How come there are so many layouts in the highly capital- and technology-intensive industry of automobiles?
"What I want to say is that from this information we can see that this Mr. Lin is a very ambitious person in the automotive industry," said Allend. Hewson quickly explained his intentions: "Since this Mr. Lin is so rich and ambitious, it is great, as a good friend of the people of the Republic, as long as this Mr. Lin is willing to pay a small price, the Fiat Group is willing to help him go further in this industry, we have the world's best automobile manufacturing and R&D technology ......"
Hey? That's right! Why didn't I think of that?
Paul. Cantarella's eyes lit up when he heard this, and he said "Hmm~~" lightly, and nodded, "Mr. Hughson, you are very thoughtful......"
This time, he thoroughly understood Allend. Hewson's meaning: Aren't you Lin Zheng very rich, don't you want to make cars, it doesn't matter, as an old friend of the people of the Republic, the Fiat Group is willing to provide you with all the help possible, as long as you take out a little money......
It's pitiful to say, as the core business of the Fiat Group, Fiat Auto's profits used to account for nearly half of the total profits of the entire Fiat Group, but since the 90s, Fiat Auto has become the largest loss-maker of the Fiat Group, 10 years ago the Fiat Group accounted for 20% of the European car market, but now it is only 7.8%.
Seeing that the European auto market is about to be divided up by French cars, German cars and American cars, Fiat, as the world's sixth largest car manufacturer, can only follow in the footsteps of the British Rolls-Royce and give 20% of its shares to General Motors;
But the problem is that this is not the worst, even if 20% of the shares are given to General Motors, and 6% of the shares are exchanged from General Motors, the crisis of the Fiat Group has not only not been eliminated, but has become more and more serious: in 1997, the Fiat Group had a net loss of 125 million US dollars, of which the "biggest contributor" was Fiat Motors.
In the first two months of this year, sales of Fiat cars fell by 17 percent, and the highly-anticipated new car "Stilo" was challenged by Volkswagen Golf cars to revive Fiat's prestige and showed no signs of improvement.
Due to the combined pressure of weak market demand and fierce competition, the Fiat Group's internal report has already made the most pessimistic forecast: the total loss of the Fiat Group is expected to be as high as $1 billion this year.
This means that at a time when profits are falling, the group's debt is accumulating. At present, the Fiat Group has a total debt of approximately $33 billion and a net debt of $6.6 billion.
Giovanni. Why is Chairman Agnelli so concerned about the cooperation of the Republic of China Nanqi Group, and even directly appoints the CEO of the group to negotiate with the Nanqi Group in person? Isn't it just that you are suffocated by money?
But Lin Zheng is rich!
Since Lin Zheng's ICQ company launched a membership system, account security system and chat history roaming system, a financial analysis agency has given an analysis report, believing that ICQ's net profit this year is expected to exceed 100 million US dollars!
Counting the other companies in his hands, this guy can easily take out 200 million US dollars, 200 million, even if it is 50 million, it will be an irresistible temptation for the Fiat Group!
If this guy doesn't have an automobile industry, Fiat can only look at Lin Zheng's money and drool, but since this guy plans to play in the automobile industry, hehehe......
The more I think about it, the more beautiful Paul becomes. Cantarella slapped the table heavily: "Hewson, you help me make an appointment with Mr. Lin, just say that I will invite him to dinner......"
It's just that he didn't wait for him to finish his words and changed his mind: "Well, forget it, I'll call him personally, Chinese have a good face......
But just like just now, before the words fell, he changed his mind again: "No, I need to report this situation to Mr. Chairman, I think His Excellency must be very much looking forward to hearing this news." ā
Allend. Hewson looked at Paul with blank eyes. Cantarella, unconsciously clenching his hands: Boss, I thought of such a good idea for you, you must remember my benefits......
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Despite Lin Zheng's criticism of Paul. Cantarella's presumptuous invitation call was strange, but this guy was also a person with status, and he could take this opportunity to ask Paul. Cantarella asked some questions about the automotive industry, and as the CEO of the world's sixth largest car manufacturing group, his advice was important to him!
Thinking so, Lin Zheng happily agreed, and set the time for tomorrow night. (To be continued......) r1071
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