Chapter 1696

At this time, the credit rating of FT is constantly decreasing. If they don't want to exchange cash for rescue, the company's business will inevitably become worse, and they may be in the same predicament of high interest lending as the same.

It's rare for such a company to express interest in their business, and to be able to take out cash, which is very important for them to get out of the dilemma.

Although the other side's conditions are very harsh, they are not unacceptable. Instead of sinking deeper and deeper, they would rather sell some businesses to keep their core businesses, Fute and Linken, alive.

As they expected, FT took the initiative and lowered some conditions.

But Ralph was not satisfied.

There are only three factories in North America. If there are too many factories, they will not be cheap, unless you fire all the workers first.

Huaxia's joint venture shares are all wanted, but even if Fute gives in, it will only give shares to a small joint venture company. As for the brands, Jiebao, Luhu and wolovo, Ralph said that they all want all the shares and rights and interests, leaving no trace for Fute.

It means that other factories in Fute can no longer produce these three brands of cars.

Tata Motors also wants mercury, a high-end auto brand owned by Fute. Fute didn't agree to give up the brand. They will have vacancies in the middle market. After all, Mazda is only a small shareholder.

In this case, Jiebao is what Feng Yu wants, and Land Rover is what Tata Motors is interested in. Wowo is part of the state-owned capital preparation revenue, which is incorporated into a car enterprise to improve its technology and international competitiveness.

Ralph asked for a complete divestiture of some of these non-performing assets, which, of course, could not be agreed by ft. They promised not to transfer the non-performing assets of other brands, but the non-performing assets originally belonging to three brands must be included together.

That is to say, to acquire all businesses of these three brands, and bear some debts and obligations at the same time.

In the past, these debts and obligations were more, which led to the low price of the three brands sold, mainly because of the bad assets.

At this time, these non-performing assets are not as high as in the previous life, so the price required by FT has become higher.

The total business of the three brands, together with the total equity of a domestic joint venture, is valued at $7.4 billion and includes nearly $3 billion in debt.

Of course, according to Ralph's requirements, all employees of these companies need to sign a new contract, according to the requirements of wind and rain holding. Those employees can only go back to work after assessment. Once they are laid off, the compensation will be paid equally by Fute and wind and rain holding.

There are many small details, each of which can make them argue for half a day. Because any small detail may represent tens of millions of dollars.

These negotiators, naturally, have tasks. If they can perform better and create more benefits for the company, what they bring is a promotion or a large amount of bonus.

……

"Ralph, how are you doing?" Feng Yu is lying on the reclining chair beside the swimming pool, enjoying the sun leisurely, warm and comfortable.

"Boss, the framework has been settled. The details have not been reached. Mercury couldn't take it, but a joint venture in Huaxia already includes it. "

"Well, as soon as possible, the longer the delay, the higher the debt of those companies. The earlier we enter the restructuring mode, the earlier we can make profits. "

At that time, the longer it was delayed, the less capital it had, and the more it wanted to sell these assets, the more suitable they were to hold down the price.

But now the total contract amount has been determined. Now it's about discussing some asset details. The longer the delay, the more non-performing assets Feng Yu bought, and then they will suffer losses.

FT is also in a hurry because they also want to get cash soon so that they can have cash earlier to save other businesses of the company, especially their credit companies.

In the case that both parties are in a hurry, both parties have made some concessions. I will suffer a little from this clause, and you will suffer a little from the next clause, so as to expect the contract to be signed as soon as possible.

Tongyong is still waiting for wind and rain holding to continue to talk with them about other businesses. But suddenly, a message came out that wind and rain holding acquired many important businesses of ft.

This is another sale of the three major U.S. auto companies, following the sale of shares in Huaxia joint venture a few days ago.

And this time, it's more important than selling the equity of the joint venture with the same company. Fute directly sold all the businesses of three brands, including all the equity of some factories and a joint venture of Huaxia.

There are only seven brands in Fute, among which Mazda is only a shareholder.

This time, I directly sold all the businesses of three brands, which is half of that of Fute.

Many people think that the board of directors of FT is crazy. The expansion of FT over the years will be destroyed by the sale. The global strategic plan of FT will also be stranded again. Their market in Europe and Asia will be further reduced. Maybe the production and sales of FT this year will fall several places.But the same companies understand the difficult situation of ft. previously, like them, FT continued to mortgage assets to maintain the normal operation of the company.

Although we sold all the businesses of three important brands this time, we also lightened the burden of the company, and returned a large amount of cash, which may be able to tide over the difficulties for ft.

The media exclaimed that the wind and rain holding group was really rich. It just spent more than six billion dollars to acquire all the shares of the same car in Mordor, and then acquired half of the shares of Fute. Is Feng Yuzhen going to make great efforts to enter the auto industry?

However, it seems that the businesses acquired by wind and rain holding group are only passenger vehicles, not commercial vehicles. So Feng Yu is going to let the company follow the route of Baoma? Specialized in research and development of passenger vehicles and their technologies, not commercial vehicles, can also become the world's top automobile manufacturers.

In fact, this kind of acquisition is very difficult, not only with the consent of companies, but also through multiple procedures. For example, the acquisition of Jiebao, Land Rover and Woerwo requires the consent of the European Union and, of course, the consent of the US political axe.

These Feng Yu are not worried. Fute will do everything to get the approval of these institutions.

Without the acquisition of these businesses, wind and rain holding group is just a good opportunity to expand, but for the company, it is a heavy disaster.

In order to get through this difficult situation, even if many colleagues ridiculed them and said that they were half swallowed by the wind and rain holding group, they have never defended.

Between being swallowed in half and going bankrupt in full, they chose the former. As long as the company can continue to operate normally, then the century old auto enterprise of Fute can stand up again!

When the contract is signed, Feng Yu tells president Xu to make payment in China, and then everyone Divide these assets! (to be continued. )