Wu Haoxuan clearly remembers that from the production to the end of production, a total of 15 million Ford Model T cars were produced. If his BMW Model 1 can beat the Model T to this level of production, it will mean billions of dollars in profits. Even as the process improves, the production cost and selling price further decrease. But the profits are also very impressive.

Historically, the Ford Model T was initially priced at about $850, but by the twenties, as production efficiency and production capacity expanded, the Model T had been reduced to $300. Even so, Ford has a lot of profit margins. Wu Haoxuan was finally reborn, of course he had to seize this opportunity.

As for whether the BMW Model 1 can beat the Ford Model T, this is undoubtedly the obvious question. The Model T is the image of a cheap car, and in order to reduce costs, it can be said that it is saved again and again, and even the roof is canvas. On the other hand, the BMW Model 1 has a metal body and a metal roof. Add glass windows, leather seats and steering wheel, etc., everything looks so high-end and classy. In addition, in terms of price, Wu Haoxuan set the price of the BMW Model 1 car at a lower price than the Model T, if it can't beat the Model T, it will be really unreasonable.

After reading Wu Haoxuan's proposal, Pierre. Dupont and David. Rockefeller was already in a deep shock. Automobiles in this era were undoubtedly still a luxury for the aristocracy and high society, and the common people were rarely able to enjoy them. However, if the price is reduced to 800 dollars, the vast majority of the middle class will be able to afford it, and even a large number of civilians will be able to buy it. In this case, the sales prospects are undoubtedly huge. Pierre. Dupont and David. Rockefellers were the most prominent young children of their respective families, and they could have imagined it. How broad the prospects of this industry are.

"Oh God! Not to mention 100,000 units a year, even if it is a million units, it can definitely be sold. If a car makes $400, then a million cars are $400 million in profits. "Pierre. DuPont's eyes were red.

"Yes, the prospects for the automotive industry are undoubtedly vast. As long as we can monopolize this market. Then we are developed. Wu Haoxuan also said. Although one million vehicles a year seems like a lot, it is nothing compared to the huge market. There are now 80 million people in the United States, and the number of people who can afford an 800-dollar car will be at least one-tenth, if not more. This means that tens of millions of vehicles are needed to satisfy the U.S. market alone. Coupled with the European market, which is larger than the American market, Wu Haoxuan's plan is: More than two million cars are exported every year. In this way, the annual profit will be extremely rich. Of course, in order to achieve this goal, it is necessary to continuously expand production capacity.

"Haoxuan, this plan, our Rockefeller family has joined!" David. Rockefeller immediately took a stand. There's no reason why they'd let this great opportunity to make a lot of money slip away from them. Not to mention. If the automobile industry becomes popular, it can make the oil industry of the Rockefeller family develop in a blowout. That's the case. The profits that can be brought to the Rockefeller family are too great.

"We, the DuPont family, are willing to join in." Pierre. DuPont also said quickly.

"Well, this automobile manufacturing group is owned by the three of us. So, now it's time to distribute the amount of capital contributions and the distribution of shares. Wu Haoxuan said. With the addition of the Dupont family and the Rockefeller family, his plan. The likelihood of success will be greatly increased. What's more, with the influence of these two families in the United States, the American market can be easily opened.

"Haoxuan, we are all old acquaintances, like this. Each of the three of us will contribute one-third of the shares, and then each of us will own one-third of the shares. "David. Rockefeller said with a smile.

Pierre. DuPont also nodded his head in agreement. However, Wu Haoxuan laughed.

These two guys, as soon as they talked about business, immediately turned their faces and didn't recognize people. He proposed this plan, and even the design of the BMW Model 1 was brought up by him. As a result, those two guys still want to take one-third of each share, which is too bullying, right?

"You two, you guys seem to be a little too unkind to do this, don't you? I estimated that it would take about $50 million to build an entire automobile manufacturing group. I took 60% of the shares in the land, the plan and the design of the car. Each of you contributed $25 million, 20 percent each. Wu Haoxuan said.

"What? How can this work? Haoxuan, you're even more ruthless than those guys in the Morgan Consortium! All the money is out of us, and you have to occupy 60% of the shares with these few pieces of paper? "David. Rockefeller stared at Wu Haoxuan angrily.

"Yes! We are too disadvantaged by such a plan. "Pierre. DuPont also nodded repeatedly.

"These pieces of paper? You seem to be underestimating these pieces of paper, right? You have to think about it! Once the first phase of the plant is completed, production will reach 100,000 units. At that time, the profit will be 40 million US dollars. Once the second and third phases of the project are completed, the annual production will increase to one million vehicles. At that time, the annual profit will rise to $400 million. It only takes a year for all your investment to pay for itself, and you have made so much money. Such opportunities are not available all the time. Wu Haoxuan smiled. It's a lucrative business, and he doesn't believe Pierre. Dupont and David. Rockefeller would have refused.

In Wu Haoxuan's plan, after the project was approved, the construction of the factory began immediately after the beginning of spring. And Pierre. Dupont and David. Rockefeller was responsible for ordering production lines from the United States, as well as machinery and equipment for the production of various components. Strive to be completed and put into operation before the end of the year. Large-scale launches will begin next year, and Ford's Model T will seize the market. Next year's production alone will reach 100,000 units, which will far exceed Ford's. The second phase of the project was to be completed by 1910. Once completed, the annual production will increase to 500,000 units. The third phase of the project was completed in 1912, bringing the total production to one million vehicles.

Pierre. Dupont and David. Rockefeller was clearly caught up in the struggle. They already clearly knew that Wu Haoxuan's plan would be a project to make a lot of money. If they had been involved, they would have been able to recoup their costs even before the second phase of the project was completed. Once the second phase is completed and production is expanded to 500,000 units, it will be profitable.

Of course, Wu Haoxuan took advantage of it even more, which made the two of them feel a little unbalanced. However, the initiative is now in the hands of Wu Haoxuan, if the two families do not join, I believe that other families will also join. For example, the Morgan consortium, after giving large loans to the northern government, they have already hooked up. If Wu Haoxuan finds the Morgan family with a business plan, they will definitely invest.

"Okay, Haoxuan, you won. I agree with this plan. "David. Rockefeller chose compromise first. After all, once the auto industry is on the rise, the demand for oil will also increase. At that time, the Rockefeller family will still be able to make a lot of profit in this area.

David. Rockefeller has compromised, Pierre. DuPont is naturally difficult to support alone, and it is worth agreeing to Wu Haoxuan's plan.

"Guys, trust me, you guys made the right choice today. This will bring you great profits. Wu Haoxuan said with great certainty.

"Happy working together!" David. Rockefeller and Pierre. DuPont had a smile on his face, and the two of them were excited at the thought of the industry's prospects. When negotiating, they will fight for their own interests. But once they agreed, they had a different face. As the successors cultivated by the DuPont family and the Rockefeller family, the two are already qualified businessmen.

Next, the three of them began to discuss their respective responsibilities.

Wu Haoxuan is responsible for the construction of the automobile factory, as well as the commissioning and installation of the production line after it is shipped, and the production of automobiles. The DuPont and Rockefeller families are responsible for the sales of automobiles in the United States, as well as the procurement of various machinery and equipment, as well as the recruitment of talents.

In the early days of the auto factory, the skilled workers and engineers needed must have been recruited only from the United States. The seven northern provinces will gradually train workers to replace them. After the completion of the second phase of the project, these skilled workers will probably be trained. When the time comes, it is time to further increase the production capacity.

Of course, it is not so easy to produce a car. In particular, the engine, suspension, transmission, etc., they can be said to have no foundation at all, and can only use money to buy mature products in the United States and then ship them to China to assemble. In addition, they will also recruit those engineers to carry out research and development, and it is easy to get stuck by others when they buy other people's products in the old-fashioned way.

What's more, Wu Haoxuan also plans to use this project to provide China's R&D capabilities in automobile engines. In the future, all kinds of military vehicles, especially armored vehicles and tanks, will be able to be used. If the engine performance continues to improve, it will also be able to provide a strong heart for future aircraft, which can be described as a lot of benefits!

In this room of the Patrol Embassy, Wu Haoxuan, David. Rockefeller and Pierre. The three of DuPont signed a cooperation agreement, and Huaxia Automobile Manufacturing Group was formally established. (To be continued......)

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