Chapter 333: Bankruptcy
The domestic wind and fire are engaged in vacuum railways.
At this moment, the rice stock is in dire straits, and the chain reaction caused by General Motors will be suppressed by the ten old men who have intervened.
However, the rice stocks and the Xizhou stock market are still in a half-dead downturn recently.
It's not that the Ten Old Men will not be able to do anything with the Xizhou Alliance, they have worked very hard, but the lack of economic growth points makes it difficult for the entire market to boost for a while.
Dongtang's economy can soar rapidly in recent years, thanks to the emergence of high-tech technologies such as battery technology, chip technology, and holographic projection technology, which has triggered a series of scientific and technological revolutions.
Many economists have predicted that in 2019, Dongtang's GDP may reach about 110 trillion Chinese dollars, if you add 6 trillion Martian coins in Dongdao, 13 trillion Mars coins in Gaoli, 2.5 trillion Chinese dollars in Xiangjiang, and 400 billion Chinese dollars in Australia.
The GDP of the Eastern Tang and the Galaxy Consortium will reach a staggering 132 trillion Chinese dollars, which is equivalent to about 18.8 trillion US dollars at the current exchange rate.
And Mi Lijia's economy in 2019 is very likely to have negative growth, last year their GDP was 18.69 trillion US dollars, this year can be guaranteed this figure is already thankful.
In other words, the overall GDP of the Dongtang and the Galaxy Consortium will surpass that of the Mi Lijia, but because of the GDP of the Dongtang, it is not counted in Xiangjiang, Aojing, and Dongdao.
Even if Dongtang calculates it himself, it still reaches the scale of 15.7 trillion US dollars.
Therefore, many economists are now very optimistic about the future of Dongtang, if this trend continues, Dongtang's economic scale will reach 28~30 trillion US dollars around 2030.
In addition, the Dongtang and Galaxy Consortium have recently promoted the internationalization of Huayuan/Mars in Southeast Asia, which is used to replace the international currency role of the US sword.
Although many Southeast Asian countries are reluctant to use Chinese dollars or Mars coins, they have to accept this fact for the sake of economic assistance and access to the Dongtang market.
Now that the Mi Lijia and the Xizhou Alliance's own economy is in shambles, it is simply wishful thinking to let them come to save Southeast Asia, just don't fall into the ground.
In addition, the Dongtang and Galaxy Consortium have another card in their hands, and that is the desalination plant.
For example, in the Sand Camel Kingdom, they had to accept Huayuan and Martian coins, because Dongtang now buys oil directly to pay Huayuan.
If they don't charge Chinese dollars, and the desalination plant only charges Chinese dollars or Mars coins for payment, then they will not be able to buy desalination films and fresh water because they don't have Chinese dollars or Martian coins.
Therefore, countries with seawater desalination plants must reserve a certain amount of Huayuan or Mars coins, otherwise there will be no money to pay at that time, and Dongyin Water can only stop their water.
Especially those big dog households, not only need fresh water, but also holographic projection equipment, 6G communication, other daily necessities and the like.
Huayuan has become more and more influential as an international currency, and when Huayuan becomes an international currency, it can be a bright and bright wool in the world.
……
Mi Lijia, General Motors headquarters.
William, Mu Youxiaoji and other high-level officials were in a meeting with a tired face at this time.
"Mr. President, I'm very sorry! I ran a lot of banks, but none of them were willing to lend us money. Mu Youxiaoji said helplessly.
"It's the same on my side, where the shareholders are looking to sell their shares, and they're clearly planning to give up on GM." The other vice president said with a sad face.
"Is GM really going to be history?" Chief Technology Officer Martin lamented.
William, with bloodshot eyes, sat down in his chair tiredly, listening to the bad news without saying a word.
"If we sell some of our fixed assets and then lay off some of our employees, we may be able to alleviate our current predicament." One of the vice presidents proposed.
"It's very difficult, and now the workers are very dissatisfied, and if we do lay off employees, it could trigger a massive strike, which is too fatal for General Motors now." Mu Youxiao Ji objected.
"But what else can we do if we don't? Are you waiting here to die?"
"If somebody is willing to buy GM, maybe they can save GM."
"No kidding, who's rich now? Maybe those big dogs in West Asia are rich, but they are not fools, and they know that it is a big hole, unless they have their heads in water. ”
As he spoke, the vice presidents quarreled, and everyone was on fire, and the conference room became noisy all of a sudden.
Touch! William slammed the table and scolded angrily: "Enough, you have to make noise outside." ”
The crowd, who were startled by William, suddenly fell silent.
After a while, William, who was discouraged, looked at everyone helplessly, and then said sadly:
"Prepare to file for bankruptcy with the court!"
"This ......" Mu Youxiao opened his mouth, but in the end he was still speechless.
The others also bowed their heads and were silent, they could not accept this result, but they had to face the reality.
They know that GM is not going to work unless someone is willing to buy or inject capital, but in this environment, it is difficult for any financier to be willing to take the risk of investing in GM.
September 16th.
GM filed for bankruptcy in federal court in New York.
This incident suddenly caused another drop in rice stocks, although the ten old men would want to save General Motors, but now they have no power to return to the sky.
Soon after, the New York federal court granted GM the right to go into liquidation.
This automobile giant, which has been dominant in Mi Lijia and even the world for decades, finally couldn't survive this crisis, and General Motors, which collapsed, was not the first to fall, nor the last to fall.
Ford, the only remaining member of the Rice Grain family, has received strong support from the Old Ten Men Association, which has eaten a large part of GM's legacy, including Super 500 battery technology and production lines.
But Ford is not having a good time now, although they have taken advantage of policy protection to keep Mi Lijia and part of the Western Union market, but the market in other regions has been beaten back by electric vehicles using Raytheon batteries.
Now Ford is walking on thin ice, for fear that one will accidentally follow in the footsteps of General Motors.
The local market of Mi Lijia is also declining rapidly, after all, the economic situation of Mi Lijia is not very good, people are unemployed or their income is reduced, and there is no money who wants to buy a car.
Ford thought desperately in his heart: I'm too hard, God! Give me a hanging!
Of course, Ford is not deadheaded, they already plan to abandon the Super 500 battery and introduce the Thor battery, to replace the Super 500 battery.
The so-called security of supply, in the face of life and death, they have no choice.
As for going to the Super 500 battery like General Motors, Ford doesn't want to invest a lot of money in its own hard work, only to be killed by Raytheon battery, which is really a tragedy.
As long as Leishen Electric Group is willing to supply Raytheon batteries, it will be a little more expensive, not to mention that now Raytheon 3 batteries have been reduced by 50%, and it is a big deal to use a little backward Raytheon 3 batteries.
As for the possibility of being scolded for licking a dog in China, Ford doesn't care, how moist Sydney lives now, what's so bad about being a dog?