Extraordinary Genius

“Chairman, Mr. Ralph asked me to report that the chairman of the same car contacted us and wanted to talk to you about the sale of their assets. ”

Ralph and Masao Tortoise are on the other side of Europe at this time. Feng Yu is on this side. Natural matters are up to Feng Yu to decide.

Besides, it doesn't belong to Rain Holding Group, it belongs to Taihua Holding Group, and the automotive business is definitely going to be merged into Iceland Machinery Manufacturing Group.

At the time, Feng Yu talked to both the same car and Fu Te Automobile, so that both families knew each other were talking, thus acquiring a lot of high-quality assets at a very high price.

Basically, all the money was spent by Huaxia State-owned assets, including the leopard acquired by Iceland Machinery Manufacturing Group, and Feng Yu was in the financial markets at that time.

At that time, there were also some high-quality assets that Feng Yu looked at, such as brands, technologies, sales channels, etc. in the Australian or North American markets, but they didn't sell at that time.

Last year, we lost tens of billions of dollars in the same book, and this year's losses continue to expand, with some losses not shown in the books.

When Fute sold most of its assets abroad, it let its peers have a good joke, thinking that Fute had cut off all the roads that had been expanded over the years and had to be compensated.

But nowadays, Furt has begun to balance his income and expenditure, and by the end of this year, he is expected to make a profit. Although their markets in North America have been preserved and the European market has lost most of its efforts over the years, it is their home base and they have sufficient funds to expand their car rental operations.

Mortgage companies under the same banner recover a lot of mortgaged cars and can only sell them as second-hand cars at low prices, but also impact their own markets.

Fute is different, going straight to its own car rental company, and in North America and even Europe, Fute has a car rental business, and they're the largest in the world.

As for Chrysler, although it was repurchased by a US consortium, it was unfortunate that it could still make money when it was bought back. When it was bought back, it started to lose. Until now, it still loses.

That is, they are a consortium of millionaires that can come up with a lot of money to ensure that Chrysler is not as miserable as a shared car.

However, when it was seen that the same car had applied for bankruptcy protection with the political axe, Chrysler had also put in place conditions for the political axe to provide assistance funds.

Save the business with an axe of money, better than they pay for it themselves. If they can't save it this time, they won't be able to pay for it.

But the pit of the same car is too big, and the funds used to save the bankrupt enterprises in the US are simply not enough. There was such a big crisis in Boo Ten's tenure, but Boo Ten left his tenure, and he was making speeches all over the United States to collect money.

And his successor, Obagnau, was more tragic, so troublesome when he came to power.

The support funds produced by Xiaobu X were not enough. The US government axe asked for another round, issued a number of government bonds and raised a lot of money.

The US government axe also studied with Europe, turning some particularly important enterprises directly into state-owned holdings or even state-owned.

When it was time to use the same car, Obagnau hesitated. This required too much money. The debt was so high that he had to continue investing. The political axe did not have that much money.

During the period of bankruptcy protection, they are required to carry out rapid asset restructuring of the enterprise, strip it of some non-performing assets and ensure the competitiveness of the enterprise so that it can repay its debts through profit.

At this time, the political axe also gave orders to the same car, you have to find a way to learn Fut automobile, sell some more assets, exchange some cash, and redeem yourselves.

But at this time, the global automotive market is falling, including Daimler, BMW, Crazy Field, Dezhong, Silly Field, Modern and other car companies are losing money, and they suddenly find that there are a few car companies, not only did their turnover not decline last year, but there was also a high growth, and their profits also increased, that is, Huaxia's several car companies.

Of the Huaxia companies, the most powerful must be Iceland Machinery Manufacturing Group, which is undoubtedly the number one largest car company in the world.

Others include Magic Duo Automobile, Yi Qi, Yangcheng Automobile, Jingcheng Automobile, etc., and their strength has also improved rapidly. Of course, all of this is due to Huaxia's use of automobile as a pillar industry, which is highly supportive.

In the same car, we started contacting Magic Duo Automobile. At the time, everyone also cooperated. Their shares in Magic Duo's joint venture factory were sold to Magic Duo Automobile.

However, Mortu Motor directly refused. After buying shares in domestic joint ventures, they upgraded the technology. They bought some patent licenses from Europe, so now they have no money and are not interested in overseas markets.

The same car got in touch with Huaxia's big car company, even some car companies that couldn't even rank in Huaxia later, but either they didn't plan to buy it at all, or they reported a cabbage price and didn't pay their debts.

In the end, they found that they could only contact Iceland Machinery Manufacturing Group, but they said that they were catching up with the change of chairman, and the old chairman was retiring, so they refused.

Li Mingde is older, intends to retire, hang a consultancy title in both Taihua Holding Group and Iceland Machinery Manufacturing Group, chairman of Iceland Machinery Manufacturing Group, he recommended Li Dafu, Feng Yu and Zongqing Xian, Liu Wenzhi and other people have no problem, there is no problem with the state-owned assets, but it still takes time to make the handover, go through the procedures and so on.

This is not, the same car is in a hurry, and regardless of letting the other party know that they are in desperate need of funds, the price will be depressed, contact Ralph directly, hopefully this side can contact Feng Yu, they want to continue to let Feng Yu buy some of their assets.

When I learned that Feng Yu was in New York, I couldn't wait to interview Feng Yu immediately on the same side of the car. They really need money now.

Feng Yu looked at the information handed over by Assistant Ralph, which provided a detailed assessment of the assets of the same car at this time.

Tsk, tsk, too many are marked in red, these are bad assets that are not worth buying. Green quality assets, not much at all, also include several major brands under the same car.

There are also a number of common assets between good and bad, which need to be considered in their totality. If it is complementary to the business advantages of Iceland Machinery Manufacturing Group, then it is equivalent to a quality asset. If it is not complementary and it is repeated, it is a bad asset.

Seeing so many non-performing assets, and that's all the high-quality assets, Feng Yu, who was going to continue to expand, suddenly didn't want to buy them.

The same car, too garbage, no wonder they filed for bankruptcy!

……