Chapter 191: Foundry

Wall Street, Morgan Investment Bank.

In the hall full of wealth, there is a large screen with 36 monitors spliced together.

The above is a list of financial information related to GM.

Stocks, Bonds, Funds, Futures......

Many lines, the whole process is green, and it continues to rise.

Nearby, there are more than a dozen televisions, broadcasting false news fabricated by various news media.

At 9 a.m. on June 1, Beijing time, TEP (Huaxia) and General Motors successfully signed a contract to raise 3 billion US dollars to jointly build a new automobile assembly center in Daze Industrial Park. ’

'Capital Time...... Tin GM was listed in Daze Industrial Park, and Xu Fei, the director of the factory, claimed that it would strive to surpass the Daewoo General Plant within two years, beat Mitsubishi Heavy Industries within three years, and make it the first car company in the Asia-Pacific region within five years! ’

In an interview, Smith, chairman of General Motors, said in the Chinese language that he was determined to enter the Asia-Pacific region. ’

In order to better serve the Asia-Pacific market, the Cruze, which is independent of the existing brand, will be entrusted to TEP Industrial Design Company for R&D design, assembly and commissioning, with a total budget of 300 million US dollars, and plans to be listed within half a year. ’

At the same time, General Motors has become the largest dealer of TEP Motors, planning to import 100,000 TEP pickup trucks and off-road vehicles, and carry out the 'trade-in' form of price difference at GM's official maintenance sites, and GM Motors, which has been produced in the past 20 years, can participate......

TEP Motors announced that it will design and develop a compact car for the North American market, Oil Saving King (OSK), which it plans to launch within six months. But when the news came out, it was the first to be recognized by the European Union, and Renault has set off for China, planning to win the distribution rights of OSK......

'TEP (Jamaica) announced that it has built a joint venture with General Motors to build 10,000 repair stations to serve the global automotive industry, jointly owned, jointly operated and jointly supervised, and specially launched Buick, Chevrolet, Cadillac, TEP, OSK, Daewoo, Saturn owner members exclusive day ......'

Adam, president of Morgan Investment Bank, stood in the hall and looked at it all.

The endless good news has pushed GM's stock price to break through a record high of 96 US dollars, and the total market value has also entered the 50 billion mark.

This situation is like 'swishing fox landing on NASDAQ'.

However, through observation, the funds of the 'Renipu Fei' foursome did not enter the market.

In other words, the $1 billion that JPMorgan Investment Bank smashed in, together with leveraged losses, totaling nearly $2 billion, all went into the pockets of 'retail investors'.

This alarmed Adam.

He wouldn't think that the 'Rainy Fly' quartet was sitting on a huge amount of money, but they were helping their competitors raise their stock prices without asking for anything in return.

"What is Raymond doing?"

Assistant: "The other side ran to the U.S.-Mexico border, pulled the border guards of the two countries, organized dog racing, opened up blockages, and won a lot of white noodles, avocados and backward armaments. ”

“???”

Adam, president of Morgan Investment Bank, couldn't help but light a cigar, "What about Romney?" ”

"The old man is negotiating with the state police system and the city police system, planning to let them deliver couriers and takeaways together."

Adam took a deep breath of his cigar and felt that the world was becoming more and more incomprehensible.

"Where's Pop?"

"Every day at the rural market in the southwest corner of Dongshan, I give a speech with Inglas."

Adam was silent for a full five minutes, "This group of people must be carrying out an unknown plan, continue to stare at Xu Fei, as long as the other party leaves Huaxia, they will do him immediately." ”

"Okay, President."

Morgan's headquarters didn't let this side play too wild, mainly because they didn't want to provoke Raymond and Romney, which led to a stalemate with Lao Bu.

In other words, Carlyle + Bane vs Tee is an antagonistic relationship.

However, Carlyle's investor, the Carlisle consortium, Bain's actual controller, Romney, and General Dynamics, General Electric's controlling shareholder, Morgan, belong to a community of interests.

And Morgan is still a supporter of Xiaobu.

Politics and capital are so complicated.

To complicate matters further......

Another piece of information came to Adam's mind.

It was a photo of Xu someone's visit to the South Stick Base, and many soldiers, especially the 'Invincible Battalion', warmly greeted him.

and when Xu was in North America, he followed the forty or fifty retired veterans of the 'Invincible Battalion'......

"I hope that the Blackwater Company invited by the headquarters can kill Director Xu."

"Otherwise, the chairman will be in trouble."

Adam muttered to himself, put down his cigar, sorted out the report of the failed airdrop, and sent it to Morgan headquarters.

Although I really want to be promoted and raised, the $2 billion raised is gone.

If he wants to keep his position as president, he still needs to make some achievements to make up for his losses.

After Adam thought about it carefully, he contacted his subordinates and after forcibly liquidating the position, he had to repay the money to the brokerage, that is, 1 billion reserves, and put it into General Motors, triple the long, and take advantage of the trend.

…………

Osawa Power.

Morgan Investment Bank sniped at the 'Rainey Fly' quartet and shorted General Motors, which was carried out very covertly.

Don't say that Xu Fei doesn't know, Raymond doesn't know, Romney doesn't know, and even General Electric, which is controlled, doesn't know.

And the 'victim', General Motors, is even more unaware.

Moreover, Morgan is a super consortium, and Morgan Investment Bank is only one of its companies, also known as Morgan Stanley (Morgan Stanley).

There are also JPMorgan Bank, Chase Bank, North American Steel, North American Telegraph and Telephone Company, and hundreds of other large companies with a holding.

But just this one Morgan Stanley, the overall strength is on par with Carlyle.

How dare Xu Fei provoke an 'old monster' of this level.

Including Raymond and Romney, they didn't dare to provoke.

Although the four of them have already provoked, they still hold their grandson, General Electric, and beat them to death, and then wait for their grandson to be discharged from the hospital with the help of Wall Street, and continue to fight.

After the fight, he was not happy, and he was framed, causing his grandson to look for battleships all over the world......

At this moment.

The foursome, who made money and shared the spoils, didn't know what 'Morgan' was doing, was like Adam's assistant's report, what should they do.

On the afternoon of June 1st.

After TEP Motors signed a contract with General Motors.

Xu Fei saw Smith's wealthy 2 billion US dollars remitted, and his eyes straightened.

Then I remembered GM's previous three 'operating expenses'.

200 million, 50 million, 20 million.

These can all go into the personal pockets of adults.

Ahh

Then I remembered that in the 'financial turmoil', General Motors was the winner.

Xu Fei's eyes rolled, and he immediately pulled Smith to talk about the 'foundry'.

In fact, the vast majority of automobile companies are just assembly plants.

They don't produce parts, or they only produce core components, and then entrust the manufacturing process to a professional 'foundry'.

Like Hongqi Automobile, the superiors did not want to be called a 'rebranded car' by the outside world, and insisted on introducing a production line, but only introduced the manufacturing equipment for engine parts.

Other components, including the body, wheels, tires, seats, glass, doors, etc., still need to be purchased from Daze Industry.

Otherwise, building a car is tantamount to building a 'whole industrial system'.

Just think about it and you know how difficult it is.

The related investment is by no means as cheap as 3.6 billion US dollars.

In the field of automobile OEM, the most famous is the "Magna Group", known as the "emperor of the automobile industry".

Born in Austria, it is responsible for the OEM of Mercedes-Benz G-Class, BMW X-Series, Mini, Jeep Grand Cherokee, Kreisler......

In other words, all of these cars come from a single production line.

On the other hand, a set of industrial production equipment can give birth to countless brands.

This is also the reason why Xu Fei decided to build a car after exchanging the M8 production line.

There are too many types of accessories, and instead of dismantling the production line and leaving the conveyor belt, it is better to carve out part of it to make agricultural machinery and leave part to make cars.

If there is something missing in the manufacturing process, let's add something.

Therefore, there are TEP cars with big red flags, small red flags, and small red flags changing licenses.

In the same way, TEP changed its license and borrowed GM's gasoline engine to give birth to the Cruz.

TEP reduced the shell and borrowed the small gasoline engine of General Motors, and the OSK was born.

As for why you have to borrow a gasoline engine from General Motors.

Like the diesel engine 6V750C that comes with the Grizzly Chariot, perhaps the base technology has helped adjust the design, and it does not conflict with the current diesel engine patents in the world, and its own specifications are reduced to make 6V300C, which can be directly sold for money.

And the gasoline engine.

If you copy a gasoline engine from the outside world, you can't get around the patent and other issues, and once it is commercialized, you will definitely suffer a lawsuit.

Although Director Xu is not afraid of lawsuits, we must have a good reputation in international trade, otherwise how can we not repay the loan?

Therefore, TEP Motors and General Motors reached a cooperation, on the basis of 'market exchange' and 'cooperative research and development', Xu Fei used electroplating process and two-way stable suspension in exchange for the authorization of gasoline engine engines.

This is roughly equivalent to tying the two sides together, and if GM cancels the authorization, it will immediately stop OEM.

"Mr. Smith, our two car companies are both real 'automobile manufacturing', not only have assembly lines, but also production lines, and now they are cooperating and related businesses overlapping, you say, is it too wasteful?"

"I'm thinking about that too."

"To tell you the truth, a few days ago, I was inspecting Joint Defense in North America, and when I saw the operating costs and salary expenses of Harsco and FMC, my face turned green with fright."

"If you were to see the real financial report of General Motors, I guess you would be scared to tell the false data, after all, the regular salary of General Motors is twice that of Harsco and FMC."

"So, your financial fraud is to make low salary expenses?"

"Or else? If it is known to the outside world that the reason for GM's shortage of funds is not R&D, but salary, what do you say the stock market will fall into? ”

"That's it!"

Xu Fei secretly sent a message to Romney, 'It's time to go out and go short.' ’

In fact, at the beginning, he didn't think about getting involved in the stock market of General Motors.

But now that a cooperation has been reached, GM's shares have gone all the way up, and GM shareholders have tasted the sweetness......

The stock price has risen so high, a full 96 US dollars, and it is normal for it to fall back now.

Even if it is cut in the waist, 48 US dollars is one cut more than the previous 30 US dollars.

After texting, he looked at Smith again.

"After reading the financial report of United Defense, I knew that we had to lay off employees, otherwise Harsco and FMC, let alone restructuring, even repaying debts would be a problem."

"So, you succeeded."

Smith knew about the Philadelphia incident, but he wasn't sure if it was General Electric's two factories or Xu Fei's bitter ploy.

But as a professional manager, he prefers the latter.

Instead of waiting for a huge debt to weigh on, it is better to take advantage of some assets, boom two factories, relocate two factories, and then ask for preferential treatment from Massachusetts, where you moved in.

Therefore, Xu Fei's wave of operations can give full marks.

If you add the operation of shorting GE......

This is simply his best successor.

So much so that Smith wanted to poach Director Xu to General Motors, but unfortunately the shareholders were recently exhausted by torture, and after cashing out, they were ready to spend money to take care of their health and retire for the rest of their lives.

And the next group of shareholders, it is not yet known what it will be.

Inviting Director Xu to work at General Motors is far away.

Xu Fei didn't know what Smith was thinking, "The successful reorganization of United Defense, Harsco and FMC ushered in a new life, the operating cost was reduced to one-twentieth of the previous one, the number of employees from 100,000 was cut to 20,000, and a large number of automation equipment was introduced...... Production has increased fivefold, the compensation package is one-third higher than before, and the payroll expenditure is one-quarter higher. ”

"You mean, GM also uses this method for layoffs?"

After Smith finished speaking, he shook his head in denial, "You may not know the scale of General Motors, and how many additional businesses and additional factories it has...... Roughly calculated, let alone 160,000 employees, even if the operation is successful, North America will not allow us to lay off employees. ”

"Then ask for a subsidy, otherwise how can you live?"

"That's why the whole world knows about GM's financial fraud, but North American officials ignore it, including the largest fine in history last year, and only paid 10 million to go through the process."

Smith took out a transcript of the conversation with the shareholders, "Besides, sometimes it is true to the old Chinese saying, common poverty, but not shared wealth." ”

Xu Fei was slightly stunned, "On our side, there are such words?" ”

"Probably meaning, it used to be very difficult for everyone, always trying to find a way to deal with stocks, dealing with employees, earning more and earning less, all in order to save their lives, as long as the life is okay, the whole will be very united. It's different now, the financial turmoil has made a lot of money, this time the stock has skyrocketed, and a lot of money has been made, and there is a huge amount of money in the pocket, and the shareholders are not going to play, cashing out, withdrawing shares, and even a few people are hiding from me to contact the next family. ”

"Are you still in power?"

"It's okay to be in power, but I'm worried that the next shareholder will disagree with me, and eventually a lot of business can't be carried out."

"This is your internal matter, I said so much, just as a partner, I will give you a good suggestion, and by the way, I will pull a business for myself."

"I understand that the manufacturing cost and labor cost in the East are one-tenth or even one percent of that in North America, and if GM transfers its manufacturing plants in North America, and then puts most of the money in exchange into production capacity, and a small part is used for OEM fees, GM will definitely be able to double its sales."

Smith thought for a long time, "I'll go back and talk to the shareholders again, and I hope so, at least GM's deployment in the East will require a lot of money." ”

Seeing this, Xu Fei's heart moved, "Why don't I help you talk." ”

"Huh?"

"Do you want to be big?"

“???”